Tianjin blast zone blocked over contamination fear; 112 dead 

Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 yesterday as teams scrambled to clear dangerous chemical contamination. Hundreds

Hong Kong | FT: Carson Yeung freed from jail

Carson Yeung, the colorful tycoon and part owner of English football club Birmingham City, was freed from a high-security prison in Hong Kong and given the right to appeal his

IMF: China is managing transition to more stable growth

The International Monetary Fund delivered a reassuring economic assessment of China on Friday, at the end of a week that saw the Chinese currency plummet and global stock markets buckle

Gov’t tries to dampen fears of more big devaluations

China tried yesterday to ease fears of more big declines for the yuan as companies from global automakers to Chinese clothing exporters faced a new era of uncertain exchange rates. There is

At least 50 dead as huge warehouse blasts hits Tianjin

Huge explosions in a warehouse district sent up massive fireballs that turned the night sky into day, killing at least 50 people and injuring hundreds in the Chinese port city

South China Sea | Ambassador outlines limits to freedom of navigation

China respects freedom of navigation in the disputed South China Sea but will not allow any foreign government to invoke that right so its military ships and planes can intrude

Landslide traps 60 people in mining town

A midnight landslide at a mining community in central China buried several dormitories and homes, leaving more than 60 people missing, local authorities said yesterday. The provincial government of Shaanxi said

Britain’s Hammond in Beijing for security, climate talks

British Foreign Secretary Philip Hammond said yesterday that an international agreement to limit Iran’s nuclear program could give impetus to efforts aimed at curbing North Korea’s nuclear weapons program. Hammond, who

Yuan falls for 2nd day after surprise devaluation

China’s currency fell further yesterday following a surprise change in its exchange rate mechanism that rattled global markets and threatens to fan trade tensions with the United States and Europe. The central

The Buzz | Hong Kong police arrest 5 Uber drivers, search office

Hong Kong police arrested five Uber drivers and searched the ride-hailing app’s office in the Asian financial center. Police said yesterday that officers posing as customers arrested the five drivers in

Hong Kong | Gucci spars with landlords as mainland demand slumps

Landlords on Hong Kong’s Russell Street a year ago could boast the highest retail rents in the world. Now they are adjusting to a new reality. Burberry Group Plc, Kering SA

Yuan slides after Beijing announces currency devaluation

China devalued its tightly controlled currency yesterday following a slump in trade, allowing the yuan’s biggest one-day decline in a decade. The central bank said the yuan’s fall was due to

RMB depreciation screams buy dollars before Fed’s move

China’s decision to devalue the yuan is good news for dollar bulls. China’s central bank cut the yuan’s daily-fixing rate by a record 1.9 percent yesterday after the International Monetary Fund

Q&A: What yuan weakening means for Beijing, other countries

China devalued its tightly controlled currency yesterday. The central bank said it was trying to make the state-controlled exchange rate more market-oriented. In recent months, the yuan has strengthened along with

Court gives ex-general suspended death sentence for bribery

A military court yesterday gave a former general a suspended death sentence for bribery and other crimes, state media reported, in the case against the highest-ranking military officer to be

Popular video services take censorship into own hands

In China, even aspiring singers and would-be comedians bow to constant and automatic online surveillance. The country’s largest “social video” websites - where viewers debate and reward their favorite karaoke ditties

TV host to be punished for insulting Mao in private 

Authorities ordered a state broadcaster to punish a popular TV celebrity for insulting Communist Party founder Mao Zedong at a private dinner, state media reported. Bi Fujian was a talent show

Alibaba takes USD4.63b stake in electronics seller Suning

Alibaba said yesterday that it will invest 28.3 billion yuan (USD4.63 billion) to become the largest shareholder in the company. Alibaba said the companies will collaborate on e-commerce, logistics and

Briefs | Typhoon Soudelor kills 17

Typhoon Soudelor has left seventeen people dead with five still missing, the State Flood Control and Drought Relief Headquarters said yesterday. More than three million people and 110,000 hectares of

FT: What if Mao still ran things?

With the Chinese economy slowing and the stock market bubble bursting, a Financial Times article is highlighting research by a group of prominent economists that says a return to Maoist

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