Chinese authorities have arrested an 18-year-old man from a village near the oasis city of Kashgar, in far western China, accusing him of inspiring and planning a fatal attack last month on the imam of the nation’s biggest mosque, according to state news media reports. Reports from Chinese journalists in Xinjiang, the vast western region [...]
China’s benchmark money-market rate fell the most in three weeks on speculation the central bank will ensure an ample cash supply to help meet demand for banks’ month-end requirements and new share sales. The People’s Bank of China capped the amount drained via repurchase agreements at 10 billion yuan ($1.6 billion) today, compared with 65 [...]
China’s grain cupboard is overflowing. As the harvest looms next month, the country is on track for an 11th year of bumper grain crops. But production is too much, even for the world’s most populous nation, with warehouses bursting at the seams and posing a dilemma for policy makers. Estimates from state media say the [...]
For Western consumer brands in China, this is the moment they’ve been longing for. The ranks of the middle classes are swelling; foreign wares once considered luxuries are now affordable. Yet, just as the sweet spot seems near for makers of higher-end goods, many of the world’s biggest consumer names find themselves under unprecedented attack. [...]
Volvo on Tuesday introduced its first vehicle designed and built under Chinese ownership. But the influence, if any, of the new owners from Hangzhou has been carefully hidden by many layers of Swedish aesthetic. Volvo managers, overwhelmingly from Sweden or other European countries, portrayed the new XC90 sport utility vehicle as Scandinavian to the marrow. [...]
China has struggled to contain ethnic tensions in the far northwest region of Xinjiang, recently launching a crackdown after a series of violent attacks left hundreds dead in recent months. But authorities think they may have found a new tonic to mend the cultural differences between the region’s indigenous Uyghurs — a mostly Muslim, Turkic-speaking [...]
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