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China court jails scandal-hit Fanya metals exchange founder for 18 years: Xinhua

BEIJING/SHANGHAI A Chinese court on Friday fined the firm behind the now-defunct Fanya Nonferrous Metals Exchange 1 billion yuan ($149.04 million) for illegal fundraising and handed its founder a lengthy prison term, the official Xinhua news agency reported.

Party on: Real estate booms in cradle of China's Communist revolution

YANAN, China Staring at an array of floor plans in a showroom packed with models of apartment blocks set to go up in the northwestern city of Yanan, the young couple was faced with a tough decision.

U.S., China Mar 12 2019

Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai, and secured new commitments from banks that could be used for investments in the United States and elsewhere.

Tech, China Mar 07 2019

China's CDH targets raising $1 billion in venture capital arm: sources

HONG KONG China's CDH Investments is aiming to raise nearly $1 billion in dollar and yuan funds through its venture and growth capital arm to invest in sectors including healthcare and logistics, said people with direct knowledge of the matter.

Feb 27 2019

Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sources

BEIJING China's central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters.

Feb 21 2019

Trump says March 1 deadline for China trade talks not 'magical' date

WASHINGTON U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date.

Feb 19 2019

China arrests 62 suspects abroad, $1.5 billion seized in P2P crackdown

China has arrested 62 suspects abroad and seized 10 billion yuan ($1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms since June as part of a crackdown on online finance, the public security ministry said.

World, China Feb 18 2019

Debt guarantee tangle: China's private firms hit by default contagion

SINGAPORE The collapse in China of a complex web of debt guarantees involving several private firms highlights risks in its financial system and opens up a potentially hazardous front for an economy in the grip of its slowest growth in nearly three decades.

Feb 12 2019

Citi sees stronger China wealthy client base in 2019 despite economy slowing

HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

Jan 28 2019

Citi sees stronger China wealthy client base in 2019 despite economy slowing

HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

Jan 28 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