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China June new loans rise to three-month, still below forecasts

BEIJING New bank loans in China rose to a three-month high in June as policymakers sought to keep ample funds in the financial system to support the slowing economy amid rising U.S. trade pressure.

Walmart to invest $1.2 billion in China to upgrade logistics

BEIJING Walmart Inc plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said on its social media account on Monday.

Jul 01 2019

China needs nearly $440 billion to clean up rural environment: report

SHANGHAI China will need to spend 3 trillion yuan ($440 billion) over three years to improve village sanitation and clean up its heavily polluted rural environment, the official People's Daily reported on Saturday, citing government officials.

World, Environment, China Jun 22 2019

Former Interpol chief admits guilt in Chinese court hearing

BEIJING Former Interpol chief Meng Hongwei admitted his guilt during a court hearing on Thursday after Chinese prosecutors accused him of taking 14.5 million yuan ($2.11 million) in bribes, state media said.

Jun 20 2019

Tesla promotes lower priced China-made Model 3 in sales push

BEIJING/SHANGHAI U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), 13% cheaper than those it currently imports as it pushes sales in the fast growing market.

Tech, China May 31 2019

Light PBOC touch makes once unlikely yuan at 7/$ seem possible

SHANGHAI As China's yuan slips to historically weak levels against the dollar, the central bank's atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency.

May 24 2019

China airline association estimates losses from 737 MAX grounding at $579 million

BEIJING The China Air Transport Association (CATA) on Friday said it estimates losses at Chinese airlines caused by the grounding of Boeing Co's 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) by the end of June.

China's farm stocks defy Sino-U.S. trade rout on local demand expectations

SHANGHAI The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform.

May 20 2019

Fresh trade uncertainty rattles stocks, hits yuan

NEW YORK A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions. | Video

May 17 2019

After Huawei blow, China says U.S. must show sincerity for talks

BEIJING The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei. | Video

May 17 2019

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document