China Mobile Rating Cut at Morgan Stanley

China Mobile LTD. shares were down 2% to $51.90 in early afternoon trading Wednesday after analysts at Morgan Stanley reduced the company's rating by two notches to "underweight" from "overweight" with a price target of $10.25. China Mobile's U.S. shares ... ( read original story ...)

China Unicom’s Ivory Tower

China Unicom (Hong Kong) Ltd.'s painful 4 percent tumble on Wednesday is a crude reminder of the dangers of trading on reform hopes. The catalyst for the stock's biggest drop in more than two months was a harsh, two-step downgrade from Morgan Stanley to ... ( read original story ...)

China detains dozens over funding of elevated bus project

To many people, China's futuristic road-straddling bus seemed too good to be true. Now, authorities say it may have been little more than a scam. Beijing police said this week they have detained 32 people, including the chief executive of the company ... ( read original story ...)