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  • Xi calls for friendly cooperation at Sino-Japanese event

    BEIJING (Kyodo) -- Chinese President Xi Jinping on Saturday showed up at a ceremony aimed at expanding the country's people-to-people exchanges with Japan, calling for friendly cooperation between Asia's two biggest economies. Xi's attendance at

    May 23, 2015 09:09 pm JST
  • Chinese politics

    Power struggle has Xi leery of coup, assassination attempts

    TOKYO -- It was China's most important political event of the year, but the man in the spotlight looked exhausted. Chinese President Xi Jinping, his eyelids swollen, wore a weary expression as he attended the annual session of the National

    May 23, 2015 01:00 pm JST
  • Import-export trade

    Canton Fair chases online visits

    GUANGZHOU, China -- When the Canton Fair opened its doors for the first time 58 years ago, the Chinese hoped that what they now call the world's largest trade expo would serve as the nation's bridge to the world. By the late 1950s, China had lar

    May 23, 2015 01:00 pm JST
  • Chinese banks on the move

    Growth in offshore settlement forms 'trinity' with AIIB, yuan globalization

    HONG KONG -- Chinese banks are seeking a bigger presence in overseas settlement -- a strategy that makes financial sense but also dovetails with Beijing's aims of funding Asian infrastructure and internationalizing the yuan. State-owned Bank of

    May 23, 2015 01:36 am JST
  • Metals market

    Raw materials for steel see plunge in prices, demand

    TOKYO -- The prices of raw materials for making steel are slumping as the economic slowdown in China has dampened Asian demand for steel products. Alloys have seen some of the starkest drops. Japan's import prices for deoxidizing agent ferrosili

    May 22, 2015 11:26 pm JST
  • Keeping watch

    US may send craft to monitor China-claimed waters near Spratlys

    WASHINGTON -- The U.S. has warned it could send planes and ships to monitor the immediate environs of disputed South China Sea islands as Beijing keeps ignoring demands to halt island-building projects in the area. Sending the missions within 12

    May 22, 2015 10:32 pm JST
  • Beijing holds sway

    China solidifies top AIIB share, influence as capital doubles

    BEIJING/SINGAPORE -- China is set to emerge as the biggest shareholder in its proposed Asian Infrastructure Investment Bank, contributing nearly 30% of the lender's $100 billion in capital and holding a powerful influence on its management. The

    May 22, 2015 10:04 pm JST
  • Taiwan economy

    Growth forecast drops below 4%

    TAIPEI -- Taiwan has cut its forecast for gross domestic product growth this year by 0.5 of a percentage point to 3.28% as it confronts sluggish global economic recovery, shrinking exports and stiffer competition from China. "Mainland China has bee

    May 22, 2015 10:00 pm JST
  • New opening for share buyers

    China, Hong Kong agree on cross-sale of funds

    BANGKOK -- The securities regulators of mainland China and Hong Kong have agreed to allow the cross-border sale of investment funds registered in each market starting from July 1. The long-awaited agreement, announced on Friday, is expected to add

    May 22, 2015 09:46 pm JST
  • Strait politics

    Taiwan and China officials to discuss AIIB

    TAIPEI -- Senior Taiwanese and Chinese officials will meet on the Taiwanese islet of Kinmen on Saturday to discuss the island's bid to join the Beijing-led Asian Insfrastructure Investment Bank, and the possibilities for the two sides to set up repr

    May 22, 2015 08:10 pm JST
  • The Future of Asia 2015

    China foreign policy expert sees nation rising peacefully in East Asia

    TOKYO -- China has emerged as a power peacefully and will continue on that path, a Chinese foreign policy expert said Friday in a panel discussion on security issues in East Asia. Experts discussed the theme "Unstable Global Order and the Impact

    May 22, 2015 08:00 pm JST
  • 3-hour delivery

    Alibaba to launch new service for healthcare products

    SHANGHAI -- Chinese e-commerce giant Alibaba Group Holding will start a service offering delivery of online orders within three hours. The company will team up with some 1,500 drugstores to swiftly deliver healthcare products and non-prescriptio

    May 22, 2015 07:00 pm JST
  • The Future of Asia 2015

    Japan, China should try 'moratorium' to mend ties, Mahathir says

    TOKYO -- If Japan and China cannot find ways to communicate constructively, Mahathir Mohamad reckons silence might be the best policy. The former Malaysian prime minister believes keeping quiet would be preferable to the countries provoking each

    May 22, 2015 05:00 pm JST
  • The Future of Asia 2015

    Philippines 'carefully watching' AIIB

    TOKYO -- The Asian Infrastructure Investment Bank led by China would complement existing multilateral lenders if it is not used politically, Philippine Secretary of Finance Cesar Purisima said Friday at Nikkei's Future of Asia conference. With t

    May 22, 2015 12:37 pm JST
  • The Future of Asia 2015

    China taking different path in supporting Asian growth, Thai minister says

    TOKYO -- Thailand sees China's emergence as an economic powerhouse helping propel growth in developing countries in Asia, rather than posing a threat, according to a senior government official. The role of driving regional development has been p

    May 22, 2015 10:50 am JST
  • US warns of military patrol at China "territory" in South China Sea

    WASHINGTON (Kyodo) -- The United States defended its patrol on Thursday over Beijing's massive reclamation projects in the South China Sea, warning its military could operate within what China calls territorial waters near artificial islands in the

    May 22, 2015 09:15 am JST
  • Boosting smartphone shipments

    Huawei to step up component buying in Japan

    TOKYO -- Huawei Technologies expects to procure 30% more components in Japan this year, in part reflecting its goal of boosting global shipments of smartphones by 33% to 100 million units in 2015. The Chinese maker of telecommunications equipmen

    May 22, 2015 01:52 am JST
  • Infrastructure the Japanese way

    Abe focuses on 'quality' investment for Asia

    TOKYO -- Japan believes Asia should have quality infrastructure without sacrificing quantity, Prime Minister Shinzo Abe said Thursday, seeming to present an alternative to a Chinese-led infrastructure bank his country has not committed to join.

    May 22, 2015 12:19 am JST
  • Computers and more

    Lenovo profit gains mere 1% on acquisition costs

    HONG KONG -- China's Lenovo Group, the world's largest PC maker, posted Thursday a net profit of $829 million for the year ended March 31, up 1%. Large-scale acquisitions weighed on the company's earnings. Last fiscal year, Lenovo acquired U.S.-

    May 21, 2015 10:47 pm JST
  • Saturation point

    Smartphone makers facing stiffer competition in changing Chinese market

    BEIJING/SHANGHAI/GUANGZHOU, China -- High penetration and slowing demand for upgrades are among the structural changes reshaping China's massive smartphone market and fueling competition among the country's many handset makers.Struggling SamsungA Ch

    May 21, 2015 10:02 pm JST