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  • FT Confidential Research

    China crackdown on pollution and housing to hit excavator sales

    A surge in excavator sales this year is giving way to slower growth, according to a survey of Chinese dealers conducted by FTCR.Short-term demand is being affected by government curbs on pollution; slowing housing investment is also taking its toll.

    October 17, 2017 11:00 am JST
  • Abe sends ritual offering to Yasukuni during autumn festival

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe sent a ritual offering Tuesday to the war-linked Yasukuni Shrine, which has been a source of friction with Japan's neighbors that suffered from its wartime militarism.But Abe is likely to refrain from visit

    October 17, 2017 10:57 am JST
  • North Koreans in China feel the sting of sanctions

    DANDONG/BEIJING -- Flows of people and money between China and North Korea are slowing, as Beijing attempts to tame its rogue neighbor with banking controls and other restrictions.Nowhere is the shift more apparent than in Dandong, a border city in

    October 17, 2017 09:31 am JST
  • Mitsubishi Motors to rev up R&D, capital spending

    TOKYO -- Mitsubishi Motors plans to channel more than 600 billion yen ($5.34 billion) into capital spending and R&D over the three years through fiscal 2019, steering back toward growth investment after scandals forced the automaker to prioritize st

    October 17, 2017 06:09 am JST
  • Xi drives party elders into the shadows

    BEIJING -- China's retired political leaders have been keeping an unusually low profile ahead of the twice-a-decade Communist Party congress kicking off Wednesday, raising questions about how much influence these party elders still wield.Former Poli

    October 17, 2017 04:53 am JST
  • Japanese, Chinese, South Korean leaders set to host Trump

    WASHINGTON -- U.S. President Donald Trump will meet with leaders from at least five Asian countries during a tour of the region Nov. 3-14 that includes Japan, China and South Korea, the White House said Monday.The president begins in Hawaii, where h

    October 17, 2017 04:12 am JST
  • World steel demand forecast to grow for third year in 2018

    BRUSSELS -- Global steel demand appears likely to increase in 2018 for a third straight year, with Latin America, the Middle East and other emerging economies leading the way, a report by the World Steel Association shows.The international trade bod

    October 17, 2017 03:34 am JST
  • Hyundai's China sales cross recovery milestone in September

    BEIJING -- Hyundai Motor's monthly sales volume in China improved during September, suggesting a light at the end of a dark tunnel for the South Korean automaker, which Chinese consumers have punished for Seoul's decision to deploy a U.S. missile de

    October 17, 2017 02:44 am JST
  • Communist Party to add Xi philosophy to constitution

    BEIJING -- The Chinese Communist Party will amend its constitution to include the political thought and philosophy of President Xi Jinping in a move that further strengthens his hold on power.A proposal to make the changes was endorsed at the sevent

    October 17, 2017 12:51 am JST
  • Hong Kong stocks rise on China economic data, inflows

    HONG KONG (Nikkei Markets) -- Hong Kong stocks closed on Monday at their highest level since December 2007, as inflows from mainland China investors and benign consumer-price data helped lift sentiment. Financial and consumer stocks paced the gains.

    October 16, 2017 08:25 pm JST
  • China's new green car mandate sends BYD stock soaring

    GUANGZHOU -- Shares of China's largest green car manufacturer, BYD, have been skyrocketing from early September, reflecting expectations that the company stands to benefit from government policy of promoting eco-friendly vehicles.BYD's stock rose to

    October 16, 2017 03:21 pm JST
  • Nepal takes central role in China-India gold smuggling

    KATHMANDU -- The silver car drove over 100km through the hairpin turns along the landslide-prone mountain road from Nepal's northern border with Tibet to Kathmandu, arriving in the capital just before midnight on Sept. 3. Hidden in the trunk was a p

    October 16, 2017 03:00 pm JST
  • China inflows lift Hong Kong stocks close to 10-year highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares climbed Monday, taking the Hang Seng Index close to 10-year highs, aided by strong inflows from China and U.S. stock advances on Friday.By midday, Hong Kong's benchmark equity gauge had risen 0.9% to 28

    October 16, 2017 02:38 pm JST
  • Asian shares conquer 10-year peak, oil up on Iraq tensions

    SYDNEY (Reuters) -- Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply.Iraqi forces began moving at m

    October 16, 2017 12:37 pm JST
  • China Sept producer prices jump most in 6 months in boost for global inflation

    BEIJING (Reuters) -- China's producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenz

    October 16, 2017 12:14 pm JST
  • Diana Choyleva

    China's debt problems will outlast Xi Jinping

    Chinese Communist Party chief Xi Jinping is likely to emerge stronger than ever from this month's party congress, with all the authority he needs to rein in galloping debt and reform lumbering state-owned entities.Xi's belated recognition of the dan

    October 16, 2017 12:00 pm JST
  • China up close

    Xi Jinping has more tigers, foxes and flies in his sights

    TOKYO -- The past five years have been an "extraordinary" period in China, or so says the communique issued at the end of a key gathering of the Chinese Communist Party on Saturday.The five years point to the period that General Secretary Xi Jinping

    October 16, 2017 08:00 am JST
  • Shanghai stocks soar, yuan remains firm with government support

    SHANGHAI -- Chinese authorities are pulling out all the stops to keep the financial markets stable ahead of the all-important Communist Party meeting that starts Wednesday.The Shanghai Composite Index closed Friday at 3,390, a 22-month high. Kweicho

    October 16, 2017 05:21 am JST
  • Xi to present long-term vision at party congress

    BEIJING -- Chinese President Xi Jinping will put forward a new national vision extending to the middle of the century at the opening of the Communist Party congress Wednesday, according to party sources, apparently to claim a status comparable to Ma

    October 16, 2017 04:51 am JST
  • 'Teapot' oil refinery consolidation in China may spawn a tempest

    TOKYO -- A looming consolidation of China's independent oil refineries, known as "teapots," is raising fears of an export surge that could hit already sagging Asian prices.Seven out of nearly 30 teapots concentrated mainly in the eastern province of

    October 15, 2017 08:31 pm JST