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Daimler to invest $755 million in China for electric car, battery production: executive


GUANGZHOU/BEIJING Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China, jointly with its Chinese joint-venture partner, for capacity to produce electric cars and the batteries that power them - part of an effort to help its China operations comply with the country's green car production and sales quotas.

China's JD.com swings to third-quarter profit, lifting shares

BEIJING China's second biggest e-commerce company, JD.com, reported an unexpected profit in the third quarter, though it lost about 100 merchants to fierce competition in the run-up to this month's Singles' Day shopping extravaganza.

Tech, China Nov 13 2017

China widens foreign access to its giant financial sector

BEIJING China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world's second-biggest economy seeks to position itself as a major global finance hub.

Nov 10 2017

Long lines for iPhone X help push Apple shares to record high

NEW YORK/FRANKFURT Shoppers surged into Apple Inc stores across the world on Friday to buy the new iPhone X, signaling stronger demand for the 10th anniversary version of the premium smartphone than the last two iterations. | Video

Tech, China Nov 03 2017

People's Bank of China seen supporting yuan around Trump visit

SHANGHAI China is leaving nothing to chance during next week's visit by U.S. President Donald Trump, and will likely fortify the value of the yuan - a regular target of attack during last year's campaign for the White House.

Nov 01 2017

China's central bank warns of 'Minsky moment' as economy powers ahead

BEIJING China's central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending. | Video

Oct 19 2017

China central bank warns against 'Minsky Moment' due to excessive optimism

BEIJING China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly.

Oct 19 2017

China September property sales drop for first time in over 2-1/2 years

BEIJING Property sales in China dropped for the first time in more than two-and-half years in September and housing starts slowed sharply, reinforcing expectations that robust growth in the world's second-largest economy is starting to cool.

Oct 19 2017

Volvo unveils Polestar model in China, looks to rival Tesla 3

SHANGHAI Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric car and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world's biggest auto market. | Video

Oct 17 2017

HNA Group to invest $7.6 billion in tourism, digital transformation

BEIJING Chinese aviation to financial services conglomerate HNA Group Co Ltd [HNAIRC.UL] will invest 50 billion yuan ($7.6 billion) to promote tourism and digital transformation, a senior company official said on Tuesday.

Oct 17 2017

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