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China captures arson suspect in karaoke lounge blaze that killed 18

HONG KONG Police in southern China on Tuesday captured a man suspected to have started a blaze in a karaoke TV lounge that killed 18 people, shortly after authorities offered a reward for information on his whereabouts. | Video

Trade tensions with U.S. testing resolve of Chinese consumers

BEIJING Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson motorbike around Beijing's suburbs.

Apr 19 2018

China currency moves hang in the balance in U.S. trade spat

U.S. President Donald Trump's latest complaint about China devaluing its currency is off base. But the yuan could potentially become a major sticking point in efforts to resolve the trade dispute between the world's two biggest economies.

Apr 17 2018

Warburg Pincus in talks to invest in Ant's $8 billion funding round: sources

HONG KONG Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China's Ant Financial Services Group [ANTFIN.UL] expected to be worth at least $8 billion, people with knowledge of the matter said.

Tech, China Apr 16 2018

Former top Chinese official admits taking 170 million yuan in bribes

BEIJING A former senior official in China admitted on Thursday to taking bribes of more than 170 million yuan ($27 million), state media said, the latest casualty of President Xi Jinping's unrelenting war on graft.

World, China Apr 12 2018

China to spend $300 million on improved irrigation in southern Xinjiang

BEIJING The Chinese government will spend 1.875 billion yuan ($298.92 million) to improve irrigation systems in the heavily ethnic Uighur southern part of the violence-prone far western region of Xinjiang, state news agency Xinhua said on Saturday.

Mar 31 2018

China busts smugglers using drones to transport smartphones: state media

BEIJING Customs officers in southern China's technology hub Shenzhen busted a group of criminals using drones to smuggle 500 million yuan ($79.8 million) worth of smartphones from Hong Kong to Shenzhen, the official Legal Daily reported on Friday.

World, Tech, China Mar 30 2018

China oil futures launch may threaten primacy of U.S. dollar: UBS

NEW YORK China's launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management.

Mar 26 2018

Explainer: China aims to challenge Brent, WTI oil with crude futures launch

BEIJING The launch of China's yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world's largest energy consumer more power in pricing crude sold to Asia.

Mar 23 2018

China's AgBank to raise up to $15.8 billion via private placement

BEIJING Agricultural Bank of China (AgBank) , the country's third-largest bank, said on Monday it would raise as much as 100 billion yuan ($15.81 billion) in the biggest A-share private placement by a listed Chinese commercial bank.

Mar 12 2018

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