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
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
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
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
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
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
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 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
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
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
Chinese policymakers face mounting pressure to support economic growth after an unexpectedly large drop in exports last month and the steepest decline in producer prices in almost six years. China’s producer-price
A typhoon that lashed Taiwan dumped heavy rain and winds on the Chinese mainland yesterday, leaving a total of 22 people dead or missing, collapsing homes and trees and cutting
A Chinese lawyer who spoke up on behalf of rights lawyers persecuted by authorities was himself taken away by police in handcuffs, his wife said Friday. Police came just before midnight
Consumer inflation edged up to a still-low 1.6 percent year-on-year in July, government data showed yesterday, leaving room for Beijing to cut interest rates or take other steps to stimulate
The confusion and frustration that punctuated the investigation into the disappearance of Malaysia Airlines Flight 370 erupted anew yesterday after officials offered conflicting levels of confidence on whether a piece
Imprisoned Chinese journalist Gao Yu has been diagnosed with heart problems and a request for parole on medical grounds is pending, her lawyer said yesterday. Gao, 71, is serving a seven-year
In a direct challenge to China, U.S. Secretary of State John Kerry called yesterday for all claimants to disputed territories in the South China Sea to immediately halt provocative activities that have ratcheted
China’s top anti-pornography office yesterday announced its latest mission: a campaign to remove amateur sex videos from China’s social media. Long intolerant of obscenity online, Beijing authorities are now trying to
Chinese state media say minority Muslim Uighurs deported from Thailand to China remain in detention while authorities investigate whether some planned to join the Islamic State or other groups in the Middle
Artist Ai Weiwei said in an interview published yesterday that Chinese authorities returned his passport with almost no strings attached and promised him he can return to China. Ai traveled to
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