PINGDINGSHAN, China (Reuters) – China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country’s “iron rice bowl”. But the order, part of a plan to reduce…
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China restricts cars, factories amid 5-day smog red alert
China’s capital and other northern cities have banned half of all vehicles from city streets and ordered factories, schools and construction sites closed in response to a five-day smog red alert. The emergency steps enacted…
China says it's 'appropriately handling' seized U.S. underwater drone
BEIJING — China said Saturday its military seized a U.S. Navy unmanned underwater glider in the South China Sea to ensure the “safe navigation of passing ships,” but would give back the drone after determining…
China says it's 'appropriately handling' U.S. Navy drone issue
“China is resolutely opposed to this and requests the U.S. stop … media for bad spelling in a tweet in which he accused CNN of reporting “rediculous” fake news. Hours later, he put out a…
China, U.S. should avoid damaging trade war: Chinese vice finance minister
BEIJING China hopes there won’t be a trade war with the United States, but it will take “appropriate steps” to cope with that possibility, a Chinese vice finance minister said on Saturday. Zhu Guangyao, addressing…
China vows to fight US and EU over anti-dumping measures
CHINA has vowed to take action against the west over the scrapping of a huge promise it claims was made to it 15 years ago. Since 2001, the United States and the European Union have…
China to chart stable yuan course and stem financial risks in 2017 amid US Fed headwinds
The country’s leaders will aim to keep the yuan on an even keel and pay more attention to “financial risks” next year. The priorities were set at the annual Central Economic Work Conference, a series…
China's Liaoning aircraft carrier conducts first live-fire drill
China’s first aircraft carrier has conducted live-fire drills for the first time, the defence ministry has said. The exercise took place in recent days in the Bohai Sea, near the Korean peninsula, said the ministry.…
China box office falters ahead of key Hollywood talks
LOS ANGELES/SHANGHAI (Reuters) – China’s box office is set for its smallest growth in a decade in 2016 with viewers spending less as the economy slows, clouding the outlook at a time when Hollywood is…
China Mobile Ltd. (CHL) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its stake in China Mobile Ltd. (NYSE:CHL) by 119.5% during the third quarter, Holdings Channel reports. The fund owned 100,271 shares of the company’s stock after buying an additional 54,592 shares…
Oversold Conditions For China Mobile (CHL)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is…
China takes action on thousands of websites for 'harmful', obscene content
the ministry of Industry and Information Technology and the Cyberspace Administration of China to target cloud storage, chat apps and “vulgar” videos. Social media platforms have become a key tool for spreading illegal content and…
112.3 million smartphones shipped in China
The growth in shipments was mainly because China Mobile, China Telecom and China Unicom continued to subsidise purchases of smartphones, mostly inexpensive models, to encourage the shift of 2G and 3G subscribers to 4G, Digitimes…