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  • China to cut five lakh jobs in coal, steel sector Mar 01, 2017 05:16 PM IST

    China to cut five lakh jobs in coal, steel sector

    China today said it will cut five lakh jobs from steel, coal and other heavy industries to reduce excess production capacity amid slowdown of the world's second largest economy.

  • China revises 2015 GDP to USD 9.96 trillion Jan 09, 2017 06:16 PM IST

    China revises 2015 GDP to USD 9.96 trillion

    China, the world's second largest economy, today revised the size of its economy in 2015 to 68.91 trillion yuan (9.96 trillion US dollars), up 354.6 billion yuan from its preliminary figure.

  • JLR recalling 11,000 vehicles in China over faulty sensors Jun 23, 2016 04:26 PM IST

    JLR recalling 11,000 vehicles in China over faulty sensors

    Tata Motors-owned Jaguar Land Rover on June 23 began recalling more than 11,000 vehicles in China due to faulty crankshaft sensors, China's quality watchdog said

  • China's slower growth hurts global shipping sector: Fitch Sep 29, 2015 12:06 PM IST

    China's slower growth hurts global shipping sector: Fitch

    China is a key player in global trade, accounting for two-thirds of world iron ore imports, 20 percent of coal imports and 16 percent of oil imports.

  • China Rail to conduct India high-speed rail study: Xinhua Sep 23, 2015 03:55 PM IST

    China Rail to conduct India high-speed rail study: Xinhua

    The consortium includes China Railway's unit, the Third Railway Survey and Design Group, and local Indian firms, the news agency said, without providing names. It did not provide financial details of the award.

  • Apple evades $70 mn in taxes in China: Official report Sep 10, 2015 07:04 PM IST

    Apple evades $70 mn in taxes in China: Official report

    The problem was discovered along with violations of rules in other state-owned, private and foreign companies after the MOF inspected on accounting information for tens of thousands of firms across the country.

  • Jack Ma joins Alibaba's $4 bn shares buy-back Aug 17, 2015 09:55 PM IST

    Jack Ma joins Alibaba's $4 bn shares buy-back

    China's biggest e-commerce company, however, did not disclose, in its filing to the New York Stock Exchange, how much the two will invest in the buy-back as affiliated purchasers.

  • 17 killed, 400 injured in two massive explosions in China Aug 13, 2015 08:29 AM IST

    17 killed, 400 injured in two massive explosions in China

    The blasts ripped through the Ruihai warehouse, which stores dangerous goods, at 11.20 PM local time on Thursday, following a fire report half an hour earlier. Fireballs erupted then ignited more explosions in companies nearby, according to rescuers, state-run Xinhua news agency reported.

  • Alibaba to invest $4.6 bn in Chinese appliance giant Aug 10, 2015 05:51 PM IST

    Alibaba to invest $4.6 bn in Chinese appliance giant

    New York-listed Alibaba will invest about 28.3 billion yuan (USD 4.63 billion) in Suning to become its second-largest shareholder, while Suning will buy no less than 27.8 million new shares of Alibaba for 14 billion yuan (USD 2.33 billion), the company said.

  • Alibaba, China think-tank to open quantum computing lab Jul 31, 2015 04:05 PM IST

    Alibaba, China think-tank to open quantum computing lab

    A leading Chinese think-tank and e-commerce giant Alibaba have joined hands to develop quantum computers that can process data billions of times faster than current digital computers.

  • Mercedes-Benz recalls 150 cars over faulty fuses in China Jul 25, 2015 02:57 PM IST

    Mercedes-Benz recalls 150 cars over faulty fuses in China

    German car maker Mercedes-Benz will recall 150 imported vehicles in China on July 31 to fix a fuse problem, according to the country's top quality supervisor.

  • NDB key step forward in BRICS cooperation: Li to Kamath Jul 23, 2015 09:00 PM IST

    NDB key step forward in BRICS cooperation: Li to Kamath

    "This is great progress in financial cooperation among developing countries and emerging economies, as well as a helpful supplement to the global financial system," Li told the eminent Indian banker.

  • China starts construction of largest solar power plant Jul 22, 2015 04:43 PM IST

    China starts construction of largest solar power plant

    The plant in Qinghai province will have an installed capacity of 200 megawatts, and be capable of supplying electricity to 1 million households. "Its designed heat storage is 15 hours, thus, it can guarantee stable, continual power generation," according to Qinghai Solar-Thermal Power Group board chair Wu Longyi.

  • Xi and I committed to take Indo-China ties to new level: PM Jul 09, 2015 02:48 PM IST

    Xi and I committed to take Indo-China ties to new level: PM

    The two leaders met last night on the sidelines of the BRICS and Shanghai Cooperation Organisation summits in Ufa.

  • Asia stocks rise as China fall stemmed, yen off highs Jul 09, 2015 09:00 AM IST

    Asia stocks rise as China fall stemmed, yen off highs

    MSCI's broadest index of Asia-Pacific shares outside Japan, often held hostage to volatile Chinese stocks, was down 0.9 percent early in the day, but then was up 0.8 percent. During Wednesday, it touched a 17-month low.

  • China may invest $500 bn pension fund into stock market Jun 30, 2015 01:32 PM IST

    China may invest $500 bn pension fund into stock market

    An official draft guideline gives the fund the green light to invest in the stock market but restricts the maximum proportion of investment in stocks and equities to 30 percent of total net assets.

  • 50 nations, including India, sign agreement on AIIB Jun 29, 2015 12:59 PM IST

    50 nations, including India, sign agreement on AIIB

    The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia. The delegates from 50 founding countries gathered at the Great Hall of the People for the signing ceremony.

  • Asian & euro shares slip as Greece fails to reach debt deal Jun 15, 2015 03:43 PM IST

    Asian & euro shares slip as Greece fails to reach debt deal

    A selloff in Chinese shares further darkened the mood, as investors reacted to recent news of a fresh tightening in margin financing as well as a tidal wave of initial public offerings.

  • China auto sales down in May for second consecutive month Jun 10, 2015 06:32 PM IST

    China auto sales down in May for second consecutive month

    On a yearly basis, sales volume also edged down 0.4 percent , according to the China Association of Automobile Manufacturers which attributed the drop in May mainly to a large fall in passenger car sales.

  • Apple wins voice recognition patent case in China Apr 22, 2015 08:28 AM IST

    Apple wins voice recognition patent case in China

    The court decision was made after Beijing's Intermediate People's Court ruled last July against Apple, which sued the Patent Review Committee under the State Intellectual Property Office and Shanghai Zhizhen Network Technology Co. Ltd, accusing the latter of infringing the copyright on its voice recognition software, Siri.

  • China plans to build huge space solar power station Mar 30, 2015 12:59 PM IST

    China plans to build huge space solar power station

    The electricity generated would be converted to microwaves or lasers and transmitted to a collector on Earth, state-run Xinhua news agency reported.

  • Alibaba meets with China regulator Jan 31, 2015 01:11 PM IST

    Alibaba meets with China regulator

    The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites.

  • Xiaomi continues to reign supreme in Chinese market Nov 02, 2014 07:33 PM IST

    Xiaomi continues to reign supreme in Chinese market

    Xiaomi shipped 18 million units of smartphones in the third quarter, an increase of 18 percent from the previous quarter, the company's founder and CEO Lei Jun recently posted on his Sina Weibo microblog, state-run Xinhua news agency reported.

  • China reports first trade deficit in 11 months Mar 08, 2014 02:23 PM IST

    China reports first trade deficit in 11 months

    Total trade dropped by 4.8 percent year on year to USD 251.18 billion, with exports falling 18.1 percent and imports up 10.1 percent.

  • China's 'golden holidays' turn into 'golden mess' Oct 04, 2013 03:41 PM IST

    China's 'golden holidays' turn into 'golden mess'

    Major tourist spots across the nation were brimming with millions of holidaymakers in the first three days of 'golden week', leaving many sights in chaos and prompting internet users to mock the annual rush as a "national celebration -Chinese style".

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