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Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

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MOSCOW Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said on Wednesday.

Huawei to give staff $286 million bonus for helping it ride out U.S. curbs

SHENZHEN, China Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a U.S. trade blacklisting.

Nov 12 2019

China October new bank loans dip to 22-month low, more easing expected

BEIJING New bank loans in China fell more than expected to the lowest in 22 months in October, but the drop was likely due to seasonal factors and policymakers are still expected to ramp up support for the cooling economy in coming months.

Nov 11 2019

Factbox: How TikTok, caught in U.S. regulatory crossfire, rose to global video stardom

BEIJING Short video-sharing app TikTok has become the latest Chinese firm caught in U.S. regulatory crossfire, with Washington launching a national security review of its $1 billion acquisition of U.S. social media app Musical.ly.

Nov 04 2019

China wind power firm plans $1 billion LNG terminal by end-2022

SINGAPORE China's Suntien Green Energy Co. Ltd , a wind power producer and piped gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval, a company official said.

Tesla starts selling China-made Model 3 with autopilot function

BEIJING/SHANGHAI U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company's cheapest model on sale in the country, the official website showed.

China's central banker says yuan level 'appropriate', trade tensions risk to global economy

WASHINGTON China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's yuan at an appropriate level.

Oct 20 2019

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

SHENZHEN, China/SHANGHAI Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business. | Video

Oct 16 2019

U.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officials

WASHINGTON The White House is warning Chinese shipping companies against turning off their ships' transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.

Oct 16 2019

U.S.-China currency deal won't change dollar-yuan dynamics: experts

WASHINGTON A U.S.-China currency agreement being floated as a symbol of progress in this week's trade talks between the world's two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship that has been a thorn in the side of President Donald Trump.

Oct 11 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