China January - February industrial profits surge 32 percent as commodity prices rally

BEIJING - Profits of Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore raced higher, while strong imports also pointed to a pick-up in activity.

Stronger earnings could give a further boost to fixed-asset investment, which quickened early in the year, and give China's &qu

Hyundai suspends China plant for a week amid political spat - report

SEOUL  - South Korea's Hyundai Motor has suspended production at one of its Chinese factories for a week, a media report said on Sunday, fuelling concern that a diplomatic standoff may be hurting sales in the automaker's top market.

South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing's obj

Exclusive - HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta

By Sumeet Chatterjee

HONG KONG - HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China.

If that target is hit, the new additions will mean HSBC will have hired twice a

Euro zone survey data point to robust first quarter, ECB says

FRANKFURT - Economic recovery in the euro zone is gaining ground and some data point to robust momentum in the first quarter despite uncertainty over Brexit, China's rebalancing and new U.S. policies clouding the outlook, the European Central Bank said on Thursday.

"Incoming data, notably survey results, have increased the Governing Council’s confidence

Saudi retains top oil supplier to China despite yr/yr drop - customs

BEIJING - Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, despite a near 13 percent fall in shipments from a year ago, data showed on Thursday.

China imported 4.77 million tonnes of crude oil from Saudi Arabia, or about 1.24 million barrels per day, according to data from the

Taiwan unveils US$29 billion stimulus amid uncertainty over U.S., China

By Faith Hung and Jeanny Kao

TAIPEI  - Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China.

Taiwan's trade-reliant economy is showing signs of recovery, but it is highly vulnerable to protectionis

Private placement curbs set to raise corporate China's debt risks

By Engen Tham and Michelle Price

SHANGHAI/HONG KONG  - New rules to rein in a surge in private share sales by Chinese companies are pushing more cash-strapped firms to borrow instead, bankers and analysts say, adding to a corporate debt burden already at its highest since the global financial crisis.

Private placements in China jumped fivefold from 2013

China values trade with South Korea, will continue to abide by WTO rules

BEIJING  - China values trade with South Korea, and will continue to abide by World Trade Organisation (WTO) rules, the commerce ministry said at its regular briefing on Thursday.

South Korea has complained to the WTO about Chinese retaliation against South Korean companies over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) anti-missile d

China's ZTE Corp pleads guilty in U.S. court in sanctions case

By Karen Freifeld

NEW YORK  - Chinese telecom equipment maker ZTE Corp  on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 mil

India, China slow down coal expansion, says report

Cuts in coal-based power plants and a strong growth in renewable energy has caused a significant slowdown of coal expansion in Asian countries, particularly India and China, says a report.

In its third annual survey of the global coal plant pipeline, the report 'Boom and Bust 2017: Tracking The Global Coal Plant Pipeline' said 68 GW of construction in India and China is now fr

Asia firms' confidence hits near 2-year high on U.S., China pick-up - Thomson Reuters/INSEAD

By Yawen Chen and Ryan Woo

BEIJING  - Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.

The Thomson Reuters/INSEAD Asian Business Sentiment

China home-buyers fret over prices, businesses more confident - surveys

BEIJING  - Over half of Chinese households think housing prices are too high and more than a quarter worry these will rise more, according to a central bank survey, adding to views authorities may have to take more property cooling measures even at the risk of dampening economic growth.

The survey by the People's Bank of China (PBOC), published on Tuesday, fo

China home-buyers fret over prices, businesses more confident - central bank surveys

BEIJING - Over half of Chinese households think housing prices are too high and more than a quarter worry these will rise more, according to a central bank survey, adding to views authorities may have to take more property cooling measures even at the risk of dampening economic growth.

The survey by the People's Bank of China (PBOC), published on Tuesday, found th

China appoints banking regulator head to monetary policy committee

BEIJING  - China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's banking regulator, to the central bank's monetary policy committee, in a routine reshuffle.

Guo, who was named as chairman of the China Banking Regulatory Commission (CBRC) this month, will replace his predecessor Shang Fulin as a member of the monetary

Indonesia police say Interpol issues red notices for three Sinopec execs

By Fergus Jensen and Cindy Silviana

JAKARTA - Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.

China Petroleum and Chemical Corp, or Sinopec, is the second major Ch

Alibaba buys out online ticketing platform Damai

SHANGHAI - China's Alibaba Group Holding Ltd has fully acquired online ticketing platform, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business.

"Ali announces its acquisition of Damai, part of our big entertainment strategy," the firm said on its Sina We

OECD sees China growth slowing to 6.5 pct in 2017, 6.3 pct in 2018

BEIJING  - China's economic growth is likely to slow to 6.5 percent this year and cool further to 6.3 percent in 2018, the OECD said, though exports are set to pick up as global demand strengthens.

The Organisation for Economic Co-operation and Development also warned of China's ballooning corporate debt in its bi-annual economic outlook report released o

Scandal roils Brazil meat sector; China, EU, South Korea suspend imports

By Brad Brooks and Dominique Patton

SAO PAULO/BEIJING - Fallout from a meatpacking industry scandal in Brazil, the world's biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food.

With other import

Policy uncertainty, protectionism can impact global economy - China finance minister

BEIJING  - China's Finance Minister Xiao Jie, who attended last week's G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism.

G20 finance ministers and central bankers, in their communique issued following a gathering in the German resort town of Baden-Baden, dropped a pledge to

Reinsurers design tailored deals in search of higher returns

By Brenna Hughes Neghaiwi and Paul Arnold

ZURICH - Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.

This tailor-made approach is part of Swiss Re's response to fierce competit

China home price gains spread in February amid stepped up battle against speculators

By Elias Glenn

BEIJING - China's red-hot property market picked up pace in February after price gains had slowed in the previous four months, with average new home prices in 70 major cities edging up in spite of a raft of new government curbs aimed at tempering speculative demand.

Compared with a month earlier, new home prices rose 0.3 percent, quickenin

China opposes trade protectionism, supports free trade -vice premier

BEIJING - China opposes various forms of trade protectionism and supports free trade, Vice Premier Zhang Gaoli said on Sunday, reaffirming Beijing's stance amid worries over weak global demand.

"China is willing to work with other countries to oppose various forms of trade and investment protectionism," Zhang told the China Development Forum in Beijing.<

Chinese growth prospects improved, policy still prudent - PBOC's Zhou

BEIJING - Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral.  Earlier this week, China published upbeat data showing its economy got off to a strong start to 2017, supported by bank lending, a government infrastructure spree and a long-sought resurg

Apple CEO Tim Cook calls for more global trade with China

BEIJING - Apple Chief Executive Tim Cook expressed support for globalisation and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday.

"I think it's important that China continues to open itself and widens the door if you will," said Cook, speaking at the government-sponsored China Development

Jack Ma to launch Alibaba's regional distribution hub in Malaysia - sources

By Liz Lee

KUALA LUMPUR - Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said.

The hub would be sited within KLIA Aeropolis, a 24,700-acre development led by airport operator Malaysia Airports Holdings Bhd