Asian stocks rose for a second session on Tuesday on hopes that growth in the world’s second-largest economy has finally stabilized. Investors have turned increasingly optimistic on China in recent sessions on the back of improving economic data such as HSBC’s July factory activity report, sending the Shanghai Composite to seven-month highs and Hong Kong’s [...]
China is holding some of its most extensive military exercises this week off its eastern seaboard, and although rival Japan is unperturbed, they are causing massive disruptions in civilian air traffic in Shanghai and other cities. Live-fire drills will be held for the next five days off China’s coast in the East China Sea opposite [...]
As China’s real-estate market slows, investors are turning bullish and buying up stocks of large property developers, betting they won’t only ride out the storm but also grow. The MSCI China Real Estate Index, which tracks the stocks of mainland developers, has surged 16.5% from the start of July through Friday, on pace for its [...]
Zhejiang Semir Garment, the big Chinese apparel retailer controlled by billionaire Qiu Guanghe, has purchased 70% of the licensed China operations of FasTacKids, the U.S. early childhood education provider. Semir paid 102.2 million yuan, or $16.5 million to Hong Kong’s Everlearn Group on July 17, according to a Semir announcement on Monday. Everlearn operates a [...]
China’s Commerce Ministry castigated the United States on Monday for setting new import duties on Chinese solar products, saying Washington’s actions risked damaging the industry in both countries. On Friday, the United States Commerce Department placed heavy antidumping duties on solar panels and cells from China after a preliminary finding that the products were being [...]
In another sign of the authorities’ efforts to contain one of China’s fastest-growing religions, a government demolition campaign against public symbols of the Christian faith has toppled crosses at two more churches in the coastal province of Zhejiang, according to residents there. On Monday, public security officials in the city of Wenzhou used a crane [...]
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