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  • National People's Congress

    China to rubber-stamp its 'new normal'

    BANGKOK -- Beijing is preparing for its annual political meeting, the National People's Congress. The event opens this week and economists expect it will be used to shore up President Xi Jinping's plans for the country. Sloganeers in mainland Ch

    March 2, 2015 07:00 pm JST
  • Yan Xuetong interview

    China needs to 'purchase' friendships, scholar says

    BEIJING -- China's foreign policy scholars generally fall into two camps: "realists" and "liberals." The former tend to prioritize national interests and power. The latter are more ideological. And under the government of President Xi Jinping, the r

    March 2, 2015 07:00 pm JST
  • China official manufacturing PMI 49.9 in February

    BEIJING (Dow Jones) -- China's official nonmanufacturing Purchasing Managers' Index, a gauge of activity outside factory floors, ticked up to 53.9 in February from 53.7 in January, the China Federation of Logistics and Purchasing said on Sunday.

    March 1, 2015 09:50 pm JST
  • Second in about three months

    China cuts interest rates to shore up its economy

    BEIJING -- China's central bank on Saturday evening cut both its benchmark one-year lending rate and a one-year deposit rate by 0.25 percentage point to 5.35% and 2.5%, respectively, another round of interest rate cuts in about three months since No

    March 1, 2015 02:00 am JST
  • Going outside Toyota

    Daihatsu likely to supply Dongfeng Motor

    OSAKA -- Japanese carmaker Daihatsu Motor will likely start supplying fuel-efficient engines to Dongfeng Motor, sources told the Nikkei. China's second-largest state-run carmaker apparently wants to use the engines to capture demand for subcompacts

    March 1, 2015 02:00 am JST
  • Big defense outlay

    Modi wants to spend $288.4 billion in fiscal 2015

    NEW DELHI -- Declaring that "India is about to take off," Finance Minister Arun Jaitley on Saturday unveiled a fiscal 2015 budget calling for 17.77 trillion rupees ($288.4 billion) in spending. It is Prime Minister Narendra Modi's first full fiscal

    March 1, 2015 01:05 am JST
  • Second cut in three months

    China trims interest rates again

    BANGKOK -- China's central bank on Saturday evening announced another round of interest rate cuts. The People's Bank of China set the one-year lending rate at 5.35% and the deposit rate at 2.5%. Both cuts of 0.25 basis points take effect Sunday.

    February 28, 2015 10:40 pm JST
  • Evolving patent laws

    In China, preparing for litigation is a must

    TOKYO -- Problems with counterfeit goods, piracy and trademark infringement in China are nothing new. What is new in regard to intellectual property rights is the rapid rise in patent disputes. While most of these disputes are between Chinese co

    February 28, 2015 01:00 pm JST
  • Fattening up on thinning hair

    Japanese wig-maker delivers an emotional appeal in China

    TOKYO -- A Japanese hairpiece-maker may be on the verge of profitabilty in China. And that's a big deal where wigs are less a part of the culture than they are in Japan. So far, Aderans' sales there are lower than those in the U.S. and Europe, t

    February 28, 2015 01:00 pm JST
  • The world's factory

    Minimum wages to jump 19% in Chinese province

    GUANGZHOU, China -- Minimum monthly wages in China's Guangdong Province -- known to many as a factory to the world -- will rise by an average of 19% in 2015. In May, the province's capital and largest city will raise the minimum wage 22%, from 1

    February 28, 2015 05:01 am JST
  • Shanghai stocks

    Real estate sector losing steam

    SHANGHAI -- Real estate shares were one of the driving forces behind last year's rally in the Shanghai Stock Exchange, but they are clearly losing momentum now on grim prospects for China's housing market. The Shanghai Composite Index edged up 0

    February 28, 2015 02:12 am JST
  • Tailwind from China

    Copper, rubber prices up as Lunar New Year wraps up

    TOKYO -- International prices of copper and natural rubber have risen on expectations that Chinese demand will grow after the Lunar New Year holidays end. China is the largest user of both commodities, accounting for roughly 40% of global demand

    February 28, 2015 02:02 am JST
  • Thawing ties

    Chinese minister to attend UN conference in Japan

    TOKYO -- China's civil affairs minister will attend a United Nations-sponsored meeting on disaster risks in Japan next month, making him the first minister from Beijing to visit Japan in three years. Li Liguo, who also is in charge of disaster r

    February 28, 2015 12:59 am JST
  • China visitor cap

    Profit vs. well-being for Hong Kong, Macau

    HONG KONG -- Plans to limit the number of mainland visitors to Hong Kong and Macau are weighing on stocks. Shares of Hong Kong retailers as well as Macau casino operators have been under broad-based selling pressure on the Hong Kong stock market

    February 27, 2015 07:00 pm JST
  • Debt time bomb

    Risk of 'Made in China' fiscal cliff grows

    HONG KONG -- China's local government finances are a growing threat to stability. Fundraising difficulties make it increasingly likely that many regions are going to face a financial crunch. Once fund shortages develop, local governments will find i

    February 27, 2015 07:00 pm JST
  • South Korean diplomacy

    Park's principles trump relations with Pyongyang, Tokyo

    SEOUL -- South Korean President Park Geun-hye appears resolved to stick to certain principles, even if doing so limits her maneuvering room for improving relations with North Korea and Japan. Recent talk of a potential summit between the leader

    February 27, 2015 01:00 pm JST
  • Slave labor claim

    Taiwan tensions fuel Foxconn's bad rep

    GUANGZHOU, China -- Foxconn is in the media spotlight again over an allegation of slave labor conditions at its factories on the Chinese mainland, but this may be more of a smear arising from China's ill will toward Taiwan. In 2010, the Taiwanes

    February 27, 2015 03:08 am JST
  • Shift to Vietnam

    Microsoft closing 2 handset plants in China

    GUANGZHOU, China -- Microsoft intends to close its two factories in China that manufacture mobile phones by the end of March, cutting roughly 9,000 jobs. The U.S. software giant inherited the factories in Dongguan and Beijing when it acquired th

    February 27, 2015 03:06 am JST
  • Big-spending tourists

    Sales surge across Japan during Chinese New Year

    TOKYO -- Many Japanese retailers enjoyed a surge in tax-free sales during the Chinese New Year holidays, which fell on Feb. 18-24 this year, as tourists breathed new life into what had previously been the country's slow season. The Mitsukoshi Gi

    February 26, 2015 06:10 am JST
  • A step forward

    Takeda on front foot after rough start for president

    TOKYO/SINGAPORE -- Takeda Pharmaceutical is stepping up its emerging-market business, an area where it has lagged behind, as President Christophe Weber finally starts to look ahead after spending months on damage control. Japan-based Takeda open

    February 26, 2015 04:49 am JST