Internet Sogou targets USD5b IPO to chase rival Baidu

China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as USD5 billion as it raises cash to close

Renewable power giant builds global empire

Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country’s economic turmoil

PRC considering options to back yuan, curb outflows

China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The

Ex-Hong Kong chief Tsang pleads not guilty to bribery charge

Hong Kong’s former top leader, Donald Tsang, pleaded not guilty to a charge of bribery related to the refurbishment of an apartment he was renting by a businessman who

South Africa rebukes mayor of capital for visit to Taiwan

The South African government said a visit to Taiwan by the mayor of a municipality that includes the capital, Pretoria, breached foreign policy and was “highly regrettable.”

Pollution | Some factories have violated anti-smog measures

China’s environmental ministry said yesterday that an unspecified number of companies had violated measures meant to reduce smog during a period of particularly noxious pollution in the country.

Drills in South China Sea confirmed

China confirmed that its aircraft carrier has for the first time conducted drills in the South China Sea with a formation of other warships and fighter jets, a move that

China begins to ease its 2,000-year-old monopoly on salt

China has started an overhaul of its salt industry, easing a monopoly that has existed in some form for more than 2,000 years and predates the Great Wall.

State broadcaster rebrands in international push 

State broadcaster Central China Television has rebranded its international networks and digital presence under the name China Global Television Network as part of a push to consolidate its worldwide reach. CCTV on Friday unveiled

Central Bank adviser calls for 6pct -7pct growth target range

China should set a more flexible 2017 economic growth target to give policy makers more room to enact reform, according to Huang Yiping, an adviser to the People’s Bank

Thousands in Hong Kong march for pro-democracy lawmakers 

Nearly 5,000 people in Hong Kong marched in a New Year's Day protest against an attempt by the semi-autonomous Chinese city's government to disqualify four pro-democracy lawmakers, police said. Hong Kong's government has

Xi vows to defend maritime interests, sovereignty in 2017

Chinese President Xi Jinping said the country will deepen reforms as he vowed to safeguard its sovereignty and maritime interests in 2017, a year that will present fresh international

Country starts 2017 engulfed by smog, issues pollution alerts 

Beijing and other cities across northern and central China were shrouded in thick smog yesterday, prompting authorities to delay dozens of flights and close highways. The Beijing Municipal Environmental

Top military general under investigation for graft 

A top Chinese general has been placed under investigation for corruption, China’s Defense Ministry said yesterday, announcing the highest-level active duty military official to be ensnared in a sweeping anti-corruption drive.

Taiwan | Tsai to transit through US amid regional tensions

Taiwan President Tsai Ing-wen will transit through the U.S. en route to Central America next month, a routine stopover that has taken on added significance after President-elect

Beijing fires some police involved in alleged brutality case

Four of the five police officers involved in the high- profile death of a man in their custody have been fired, Beijing police said yesterday, following a

Beijing open to Vatican talks but Catholics must be patriots 

China's head of religious affairs said that Beijing is willing to have constructive dialogue with the Vatican but stressed that Catholics should "hold up high the flag of patriotism" and

No happy New Year in China as currency, liquidity fears Loom

China bulls could be facing a grim New Year’s eve. The first day of 2017 is when an annual USD50,000 quota to convert the yuan into foreign exchange

US raises no objection over aircraft carrier drill

The United States says China has the right to sail in international waters after a Chinese aircraft carrier cruised past Taiwan and into the contested South China Sea. Taiwan's Defense Ministry reported

Chinese middle class in uproar over alleged police brutality 

Thousands among China's middle class are signing online petitions to protest the dropping of an alleged police brutality case, representing a rare but concerted display of white-collar outrage with Beijing.

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