ANALYSIS: Investors are behaving less like casino punters in China`s stock markets

SHANGHAI/HONG KONG - Retired chauffeur Yao Huiliang used to spend his days trading small-cap Chinese stocks, trying to make quick money on sharp moves - casino-type behaviour often seen in China's stock markets.

But having lost on such bets recently, he is now switching into blue chip stocks, such as the big banks.

"There's not much swing in big

Alibaba`s revenue to jump 45-48 pct this year: executive chairman

NAIROBI  - China's Alibaba expects its revenue to expand by 45 to 48 percent in its fiscal year from April as more small businesses join its online community in search of sales, Executive Chairman Jack Ma said on Thursday.

Alibaba had revenue of $22.99 billion in its year to the end of March.

"Our revenue this year, we will still have 45-48 per

U.S. toughens stance on foreign deals in blow to China`s buying spree

A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.

The objections indicate that the Committee on Foreign Investment in the United States (CFIUS), which reviews acquisitions by foreign e

China says U.S. talks covered joint efforts on excess steel capacity

By David Lawder

WASHINGTON - Seeking a more positive spin on U.S.-China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity.

The statement issued a day after the talks by the Chinese embassy in Washington did not elaborate o

China aiming at unilaterally changing tri-junction status: Sushma Swaraj

China intends to unilaterally change the status of the tri-junction with Bhutan, which poses a challenge to India's security, External Affairs Minister Sushma Swaraj said as per the PTI report. Responding to supplementaries during Question Hour, she informed the Rajya Sabha that there was a written agreement between India, China and Bhutan in 2012 that the three nations will together decide

Ford`s `golden noses` seek edge in slowing China car market

NANJING, China - While Western drivers like the 'new car' smell fresh off the production line, Chinese would rather their cars didn't smell of anything - a cultural divide that's testing car makers seeking an edge to revive sales in the world's biggest auto market.

At Ford Motor Co, for example, 18 smell assessors - dubbed "golden noses"

R&F, Sunac shares jump to record after deal with Wanda restructured

HONG KONG - Shares in Guangzhou R&F Properties and Sunac China rallied to record highs on Thursday on an restructured property deal with Dalian Wanda Group that is expected to benefit all parties.

Wanda, a commercial property conglomerate, reworked a $9 billion deal to sell hotel and tourism assets to Sunac after banks scrutinised their credit risk.


U.S., China fail to agree on trade issues, casting doubt on other issues

By David Lawder and Lesley Wroughton

WASHINGTON - The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

The annual economic dialogue session in Washington ended with canceled news conferences, no joi

Dalian Wanda amends Sunac property deal after China curbs funding

By Shu Zhang and Matthew Miller

BEIJING - Chinese commercial property conglomerate Dalian Wanda Group altered a deal with Sunac China announced a week ago, after banks scrutinised their credit risk, by bringing in another developer Guangzhou R&F Properties.

In a joint announcement, Wanda said it would sell 77 hotels in China to Guangzhou R&F Properti

Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac

BEIJING  - Dalian Wanda Group will sell 77 hotels to developer R&F Properties instead of to Sunac China, Sunac's chairman said on Wednesday, in a twist to the second-biggest real estate deal ever in China announced a week ago.

In the initial agreement announced last Monday, Chinese property giant Dalian Wanda said it planned to sell tourism projects and t

Microsoft to speed up Chinas self-driving tech with Baidu

To help expand China's self-driving technology, Microsoft has decided to join leading Internet search provider Baidu to take the technical development and adoption of autonomous driving worldwide.

As a member of the Apollo alliance, Microsoft will provide global scale for Apollo outside of China with the Microsoft Azure Cloud.

Announced by Baidu in April this y

U.S., China talks seen offering small-scale market access deals

WASHINGTON  - U.S. and Chinese officials will try to ease trade tensions and bridge differences on Wednesday in annual economic talks that trade experts say will likely yield some small-scale agreements to grant U.S. firms more access to some of China's markets.

But the talks are not expected to solve larger problems, such as U.S. complaints about China's

Global markets: Dollar`s decline, China optimism cheer Asia stocks, commodities

By Wayne Cole

SYDNEY- The dollar stayed on the defensive on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China's economy underpinned Asian shares and commodities.

The U.S. currency was near multi-month lows after the collapse of the Republicans' push to overhaul healthcare dealt a

Exclusive: China eyes merger of metals giants Minmetals and China National Gold - sources

HONG KONG - China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.

Three sources with knowledge of the discussions said the two state-owned firms have been in negotiations for

Chinas property market slows, Beijing prices down for first time since 2015

BEIJING - Home prices in Beijing fell for the first time in more than two years in June, while Shanghai declined further and Shenzhen stalled, pointing to significant cooling in China's biggest real estate markets, official data showed on Tuesday.

Nationwide, home price growth slowed slightly last month as government restrictions to keep prices in check weighed on

China bank watchdog to tighten risk control amid regulatory shake-up

SHANGHAI  - China's banking regulator will tighten control over risks in the financial markets, work more closely with the central bank and other regulators, and "resolutely follow" the leadership of a newly-formed financial stability committee, it said late on Monday.

The China Banking Regulatory Commission's comments come after President Xi Ji

China data boosts copper; world stocks hit record

NEW YORK - Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session.

China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its

Dollar index hits 10-month low on Fed bets, strong China data

NEW YORK - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.

China's second-quarter gross domestic product topped forecasts with a rise of 6.9 percent

China's Xi says to accelerate market opening, expand imports: state radio

BEIJING - Chinese President Xi Jinping said on Monday that China will accelerate market opening and clear administrative hurdles to boost foreign investment, while stepping up financial regulation to fend off systemic risks at home.

Meanwhile, the government will expand imports while keeping exports steady, Xi told the Communist Party's financial and economic lead

China cracks down on Dalian Wanda's overseas deals: sources

BEIJING/HONG KONG  - China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said on Monday.

This is in line with Beijing's measures to control potential systemic risk, including problem

China's GDP grows 6.9% in 2017 first half

China's gross domestic product grew 6.9 per cent year-on-year while the retail sector rose 10.4 per cent in the first half of the year, data from the National Bureau of Statistics (NBS) showed on Monday.

The growth rate is well above the government's target for the year of 6.5 per cent, reflecting a firming trend in the nation's economy, Xinhua news agency reported.

Chinas steel, aluminium output at record as U.S. mulls penalties

BEIJING/MELBOURNE- China churned out record amounts of steel and aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output of low-grade metal.

That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United States after

China central bank told by Xi to play bigger role in managing financial risk

BEIJING/SHANGHAI - China's central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that ended on Saturday.

Financial security is a vital part of national security, Xi said at the fifth National Financial Work Conference

Global Markets: China bulls keep stocks near record high

LONDON - Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak and left emerging market stocks buyers cheering a near five percent gain in the last five days.

Figures from Beijing showed China's economy grew at a faster-than-forecast 6.9 percent year-on-year in the second quarter thanks to a pick-up in industrial

Chinas strong Quarterly Result GDP growth paves way for deeper reforms


China's economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.

The boost to growth was in part driven by firmer exports and production, in particular steel