Tag: china

China cracks down again on popular messaging app WeChat

(Reuters) – Chinese authorities have launched another crackdown on Tencent Holdings Ltd’s popular social messaging app WeChat, closing dozens of popular accounts, media reported on Friday, as China tightens its control of the Internet. China Business News and Hong Kong’s South China Morning Post said some of the accounts closed were run by widely-read columnists like investigative journalist Luo Changping, some of which have hundreds of thousands of subscribers. The accounts were closed on Thursday, […]

Asian shares tick up cautiously as China data looms

(Reuters) – Asian shares cautiously rebounded from two-week lows on Thursday though investors were in no mood to embrace risk ahead of a batch of Chinese data that may offer clues about the extent of its economic slowdown. A standoff in Ukraine, signs of weakness and other risks in China’s economy and a massive fall in copper prices are spooking investors, though a flat close on Wall Street and some positive regional data helped to […]

Malaysia military may have traced missing jet

(Reuters) – Malaysia’s military has traced what could have been the jetliner missing for almost five days to an area south of the Thai holiday island of Phuket, hundreds of miles to the west of its last known position, the country’s air force chief said on Wednesday. His statement followed a series of conflicting accounts of the flight path of the Boeing 777-200ER with 239 people on board, which left authorities uncertain even which ocean […]

Malaysia Airlines denies crash report, says plane still missing

(Reuters) – A Malaysia Airlines flight carrying 227 passengers and 12 crew went missing over the South China Sea on Saturday, presumed crashed, as ships from countries closest to its flight path scoured a large search area for any wreckage. Vietnamese state media, quoting a senior naval official, had reported that the Boeing 777-200ER flight from Kuala Lumpur to Beijing had crashed off south Vietnam, but Malaysia’s transport minister later denied any crash scene had […]

Malaysia Airlines says 152 Chinese, 38 Malaysians on missing flight

(Reuters) – A missing Malaysia Airlines flight was carrying 152 Chinese, 38 Malaysians, 12 Indonesians and seven Australians among the 227 passengers, the airline said on Saturday. There were also three U.S. citizens, three from France, two passengers each from New Zealand, Ukraine, and Canada, and one each from Italy, Taiwan, the Netherlands and Austria, the airline said in a statement. There were also two infants. Twelve crew members were also on the flight. Flight […]

Witnesses recall fear, chaos after China train station attack

(Reuters) – Witnesses to chilling violence at a Chinese train station placed under heavy security on Sunday recalled moments of fear and chaos after at least 29 people were killed in what authorities called a terrorist attack by Xinjiang militants. Officials said a group of knife-wielding “terrorists” from the restive Xinjiang region launched a premeditated attack at the Kunming Railway Station in China’s southwest on Saturday night. More than 130 people were wounded. Armed riot […]

China Overtakes US As World’s Largest Goods Trading Nation: Commerce Ministry

(Reuters) –China overtook the United States as the world’s largest goods trading nation in 2013, the country’s Ministry of Commerce announced on Saturday. The ministry’s statistics, preliminarily confirmed by the WTO Secretariat, showed that China’s annual trade in goods reached 4.16 trillion U.S. dollars in 2013. Exports of the world’s second largest economy rose 7.9 percent year on year, reaching 2.21 trillion U.S. dollars, and its imports rose 7.3 percent year on year, reaching 1.95 trillion U.S. dollars. Meanwhile, the U.S. […]

China Blames Philippines For Latest South China Sea Incident

(Reuters) — China said on Wednesday (February 26) that the Philippines was to blame for an incident in disputed waters in the South China Sea in which Manila said Chinese ships used a water cannon on Filipino fishermen. The Philippines on Tuesday (February 25) lodged a protest with China over the matter, saying the Chinese were trying to prevent the fishermen from fishing in Philippine waters around Scarborough Shoal. China’s Foreign Ministry, which has already rejected the complaint, said its boats had every right to respond to […]

China overtakes India as world’s largest gold consumer

According to a study by the World Gold Council, China has become the biggest consumer market for the precious metal. It toppled India, which had led the table ever since official data were first made available. The survey found that Chinese customers had bought a total of 1,066 tons of gold products in 2013, up 32 percent from 2012, while their Indian counterparts had purchased 975 tons, up 13 percent from 2012 levels. The council […]

For South China Sea claimants, a legal venue to battle China

(Reuters) – When Philippine President Benigno Aquino compared China to the Germany of 1938 and called for global support as his country battles Beijing’s claims in the South China Sea, he put the focus on a case that Manila has filed in an international court. The Philippines has taken its dispute with China to arbitration under the United Nations’ Convention on the Law of the Sea and its lawyers say that the tribunal has discretionary […]

China’s premier cements ban on new buildings in cost-saving drive

(Reuters) – Chinese Premier Li Keqiang has called for a complete halt to construction of new government buildings, training centers and hotels, throwing his weight behind a standing order that the authorities have had difficulty enforcing in recent months. Li’s call came during a meeting of China’s State Council, or cabinet, and was part of broad efforts to curtail government spending, the state-run Xinhua news agency reported on Tuesday. In July, the government ordered a […]