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  • Yiyun Li Interview

    China-born US author sees fatal weaknesses in both countries

    SAN FRANCISCO -- Yiyun Li has drawn the attention of the U.S. and U.K. literati by writing stories evoking the works of great Russian author and doing so in English, which is not her native language. She has described how ordinary Chinese lived in t

    February 13, 2016 01:00 pm JST
  • Laox results

    Duty-free chain trying to diversify customer base

    TOKYO -- Laox, a duty-free store operator in Japan and a subsidiary of China's Suning Commerce Group, is hedging its China risk. Laox operates more than 30 duty-free shops in tourist destinations and airports across Japan. Walking into its flags

    February 13, 2016 01:00 pm JST
  • Shanghai G-20 meeting

    Capital controls seen on agenda to curb fund outflows

    TOKYO -- Capital controls and other measures to help stabilize financial markets will be discussed at the Group of 20 meeting in Shanghai late this month amid growing concern over the direction of the global economy. G-20 officials agree that th

    February 13, 2016 06:59 am JST
  • Foreign exchange

    Emerging-market currencies' stability may be short-lived

    LONDON -- While many emerging countries' currencies have stabilized or strengthened as global economic weakness has weighed on the dollar, their slide could resume amid persistent concern about underlying economic issues. The dollar index has tu

    February 13, 2016 05:40 am JST
  • Japanese insurers

    Sompo Japan to offer travel policies to Chinese workers

    SHANGHAI -- Sompo Japan Nipponkoa Insurance will start selling overseas travel insurance to employees of Chinese companies for up to 20% less than policies sold generally over the Internet. A unit of the Sompo Japan Nipponkoa Holdings arm will c

    February 13, 2016 02:56 am JST
  • CLP Holdings

    Hong Kong utility to buy gas from mainland giant

    HONG KONG -- Hong Kong's CLP Holdings has agreed to purchase natural gas from mainland-based energy giant CNOOC through a new pipeline that could start operating as early as 2018. CNOOC will build a new 33km pipeline connecting its Wenchang gas

    February 13, 2016 01:30 am JST
  • Global markets

    Asian shares slip as bank fears add to gloom

    TOKYO (Reuters) -- Asian shares fell for a sixth straight session on Friday as concerns about the health of European banks further threatened a global economy already under strain from falling oil prices and slowdowns in China and other emerging mar

    February 12, 2016 04:50 pm JST
  • Gold

    Global demand slips in 2015

    TOKYO -- Worldwide demand for gold dipped 0.3% on the year to 4,212 tons in 2015, with overall demand for use in jewelry sinking 3% to 2,415 tons, the World Gold Council reported Thursday. The organization's latest Gold Demand Trends report said

    February 12, 2016 03:45 am JST
  • US business in China

    Slowdown hurting sales at more companies, poll finds

    SHANGHAI -- More than a fifth of American companies in China saw revenue decline in 2015 as the economic slowdown began affecting operations, according to a survey by a group representing U.S. business interests. The 23% reading was the highest

    February 12, 2016 03:30 am JST
  • Myanmar's shift

    Clouds hang over China-led infrastructure work

    YANGON -- The fate of infrastructure projects involving China is becoming a major question in Myanmar as the countdown to a new government continues. Aung San Suu Kyi's National League for Democracy is to form a government by the end of March, f

    February 12, 2016 02:00 am JST
  • Hong Kong equities

    Worst post-Lunar New Year sell-off in 22 years

    HONG KONG -- The Hong Kong stock market saw the worst post-Lunar New Year session in 22 years on Thursday, a day after U.S. Federal Reserve chair Janet Yellen confirmed fears of a global slowdown in her testimony to Congress. Yellen raised the l

    February 11, 2016 09:50 pm JST
  • China up close

    Xi declares victory over old rivals Jiang, Hu

    BEIJING -- Just before the start of the Lunar New Year celebrations on Monday, an important political event took place in China. Huang Xingguo, a close aide to President Xi Jinping and acting party secretary of Tianjin, appeared before the media

    February 11, 2016 07:00 pm JST
  • Thai shopping

    An e-commerce boom in the making

    BANGKOK -- Thailand could be in for an online shopping boom. The country's telecommunications infrastructure, payment settlement systems and logistics have long been somewhat underdeveloped. For years, the situation has discouraged mall operators an

    February 11, 2016 07:00 pm JST
  • Hong Kong stocks plunge after Lunar holiday

    HONG KONG (Dow Jones) -- Stocks in Hong Kong fell sharply Thursday, catching up with deep selloffs in the region as the market reopened after an extended holiday. The Hang Seng Index was down 4% at 18526.03, near the lows of the session, at the

    February 11, 2016 05:03 pm JST
  • Hong Kong stocks set for biggest drop in 6 months on China concerns

    HONG KONG (Reuters) -- Hong Kong's stocks are set for their biggest daily drop in six months on Thursday, as worries about the health of the global economy, particularly China, sparked a sell-off in financials and energy shares. Reopening after

    February 11, 2016 01:47 pm JST
  • Wanda unit suffers downgrade as latest Chinese buying spree heats up

    BANGKOK The $43 billion acquisition of Swiss agrochemical giant Syngenta by Chinese state-owned company China National Chemical, known as ChemChina, set records and garnered enormous media coverage around the world. But it was only one of the mass

    February 11, 2016 12:00 pm JST
  • Andreuw Gunawan: Syngenta buy reveals China's agrochemical ambitions

    The recently announced $43 billion acquisition of Swiss agrochemical producer Syngenta by China National Chemical, or ChemChina, a state-owned chemical company, will accelerate the consolidation of the global chemicals industry triggered by the rapi

    February 11, 2016 12:00 pm JST
  • Fred Gale: China's stockpiling of farm commodities is sowing market havoc

    China has a record-breaking stockpile of farm commodities that has been languishing in warehouses for years, declining in value. Officials are afraid to let the crops out, fearing the havoc they could cause if released. The towering stockpiles

    February 11, 2016 12:00 pm JST
  • Minxin Pei: China's economic woes deflate the 'competent autocrat' myth

    The relentless economic slowdown and unfolding panic in China's financial markets has exposed several long-cherished myths. One is that of a competent autocratic regime run by clever technocrats and decisive politicians. Recent stumbles -- including

    February 11, 2016 12:00 pm JST
  • Asia needs to aim for sustainable tourism

    China now sends the world more tourists than any other country. With its rapid economic transformation, the emergence of a new generation of affluent Chinese could push the country's annual count of outbound travelers to 400 million over the next fi

    February 11, 2016 12:00 pm JST