beijing

China’s slowing wholesale deflation takes pressure off central bank

By Elias Glenn and Yawen Chen BEIJING (Reuters) – China's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit. A government-led building spree has increased demand for construction materials, but higher prices are also due in part to speculation in China's commodities futures market, which has pushed up Shanghai rebar futures up by 50 percent this year. …

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China’s slowing wholesale deflation takes pressure off central bank

beijing

China’s growth sucks in more debt bucks for less bang

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. “The amount of debt that China has taken in the…

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China’s growth sucks in more debt bucks for less bang

beijing

Exclusive: U.S. and Chinese labor groups collaborated before China Wal-Mart strikes

OUR Walmart, the American worker group, has taken the unusual step of collaborating with a group of Chinese Wal-Mart workers trying to fight work schedule changes and low wages. “They asked for our support,” said Cantare Davunt, OUR Wal-Mart's leader from Minnesota, who participated in the Skype call. The U.S. organization is keen to maintain the relationship with the WCWA and believes such partnerships can boost the clout of the retailer’s global workforce.

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Exclusive: U.S. and Chinese labor groups collaborated before China Wal-Mart strikes

beijing

China home prices rise faster in May as smaller cities join rally

Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest…

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China home prices rise faster in May as smaller cities join rally

beijing

China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of…

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China complains to WTO that U.S. fails to implement tariff ruling

beijing

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate

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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

beijing

Canon to buy Toshiba Medical for around $6.2 billion: Nikkei

TOKYO (Reuters) – Japan's Canon Inc is set to buy Toshiba Corp's medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday.

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Canon to buy Toshiba Medical for around $6.2 billion: Nikkei

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source

By Taro Fuse TOKYO (Reuters) – Sharp Corp's two main banks are set to lower interest rates on billions of dollars in loans and offer other financial support as part of a planned takeover by Taiwan's Foxconn, a source with direct knowledge of the plan said. The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc have extended the vast majority of Sharp's 510 billion yen ($4.5 billion) in syndicated loans which are…

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source

beijing

China’s ZTE says suppliers need to apply for U.S. export license

By Donny Kwok HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company. The news, confirming a Reuters report on Tuesday, comes a day after the U.S. Commerce Department slapped export restrictions on ZTE for alleged Iran sanctions violations, a move that is expected to disrupt its sprawling global supply chain. The U.S. …

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China’s ZTE says suppliers need to apply for U.S. export license

beijing

China lays out its vision to become a tech power

China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…

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China lays out its vision to become a tech power

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