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  • Will preferred shares end China banks' financing funk?

    HONG KONG -- Three major Chinese banks are planning to raise a combined 210 billion yuan ($34 billion) by selling preferred shares for the first time. The size of the stock sales has prompted predictions of a new wave of capital raising that will im

    July 3, 2014 07:00 pm JST
  • Worker revolts complicate life for Japanese business in China

    DONGGUAN, China -- A rising tide of strikes and demands for recompense is forcing Japanese companies to reconsider how they treat employees at their Chinese operations. In addition to walking off the job over such issues as pay, employees are no

    July 3, 2014 05:46 am JST
  • China's move to ease one-child policy spurred by economic concerns

    BEIJING -- China has relaxed its decades-old one-child policy in most parts of the country due to worries that the country's fast-aging population will slam the brakes on economic growth. In 29 of the nation's 31 administrative divisions, includ

    July 3, 2014 05:13 am JST
  • LG Chem to make batteries for electric vehicles in China

    SEOUL -- South Korea's LG Chem said Wednesday it will build a factory in Nanjing, China, to manufacture electric-vehicle batteries for local and foreign-affiliated automakers in that country. The factory will begin operations during 2015 with a

    July 3, 2014 04:12 am JST
  • Dongfeng, Peugeot to build fourth auto plant in China

    BEIJING -- Chinese automaker Dongfeng Motor and France's PSA Peugeot Citroen group announced plans Wednesday for a passenger car plant in Chengdu, Sichuan Province, their first cooperative venture since entering into a capital partnership this March

    July 3, 2014 03:34 am JST
  • Chinese sales jump at Honda, Nissan in June

    DONGGUAN, China -- Both Honda Motor and Nissan Motor enjoyed double-digit growth in new-car sales in China last month compared to a year earlier, thanks to strong performances by newly released models. Honda announced Wednesday that June sales r

    July 3, 2014 03:08 am JST
  • China's debt-ridden municipal companies weighing on markets

    SHANGHAI -- While the Shanghai Composite Index rose slightly Wednesday amid signs that China's economic stimulus measures are taking hold, gains are being damped by worries that those same fiscal policies are causing public debt to balloon. Fres

    July 3, 2014 12:20 am JST
  • Li Yao: Chinese investment fund aims to spread wealth, sustainability in Asean

    China sees its relationship with the 10-member Association of Southeast Asian Nations as strategically reciprocal. The recent proposal by President Xi Jinping to forge a regional grouping called the China-Asean Community of Common Destiny marks a ne

    July 3, 2014 12:00 am JST
  • Strikes have Chinese officials looking to robots

    BEIJING -- Officials in the southern Chinese factory town of Dongguan have a solution for rising labor unrest: robots. Some 2 million migrant workers from the countryside are employed in the Guangdong Province city, which claims to produce almos

    July 3, 2014 12:00 am JST
  • Fraud worries a lead weight on metal imports in China

    QINGDAO, China -- Chinese imports of copper and iron ore are plunging as authorities crack down on shady loans backed by stockpiles of the commodities. In May, copper imports fell 25% compared with the previous month to 1.09 million tons, the lo

    July 3, 2014 12:00 am JST
  • Ana Swanson: China's property market past tipping point

    The recent downturn in China's property market has alarmed not only investors but also the government. In May, the People's Bank of China met with the country's biggest lenders to urge them to grant mortgages in a more timely and efficient manner. T

    July 3, 2014 12:00 am JST
  • Loss-laden Malaysia Airlines faces hard choices

    KUALA LUMPUR -- Malaysia Airlines, hit with the loss of one of its flights in March, is also under pressure from shareholders to sort out its finances. At a shareholders meeting June 25, the national carrier admitted that it needs to drastically

    July 3, 2014 12:00 am JST
  • Xi's anti-graft drive threatens to stifle China's growth

    BEIJING -- China's economic growth has cooled to a 7-8% in recent years, a pace President Xi Jinping recently called "the new normal." The slowdown can be partially explained by a policy move to trim excess capacity in sectors such as steel and s

    July 3, 2014 12:00 am JST
  • China's growing image problem in Myanmar

    YANGON -- When protesters against a copper mine in central Myanmar recently took two Chinese contractors hostage, the incident sparked reports about growing anti-China sentiment in a country long reliant on investment from its giant neighbor. So

    July 3, 2014 12:00 am JST
  • Modi plays three-way game with China, Japan

    BEIJING -- By the time Chinese president Xi Jinping meets Narendra Modi, India's new prime minister, at the BRICS summit in Brazil on July 15, Beijing will hope to have persuaded India to soften its resistance to Chinese companies. India is witn

    July 3, 2014 12:00 am JST
  • China's AAC Technologies rides high; iPhone 6 seen to be future boost

    HONG KONG --AAC Technologies Holdings is a major Chinese maker of micro audio components, and supplies leading smartphone makers with a wide range of audio products, such as small speakers, microphones and headsets, as well as various parts for tabl

    July 2, 2014 07:00 pm JST
  • China's local governments recommending smaller pay hikes

    DALIAN, China -- Chinese local governments have started to ease pressure on businesses by recommending smaller pay raises in their annual wage guidelines. Their aim is to retain businesses within their jurisdictions by slashing the burden of labor c

    July 2, 2014 07:00 pm JST
  • What Asia's love of rhino horn means for global security

    If you ever want to buy a secondhand AK-47 and ammunition, it will set you back about $500 on the black market in northern Thailand. Short of cash? Try selling some rhinoceros horn. Just a 500-gram chunk of rhino horn, easily carried in a trouse

    July 2, 2014 01:00 pm JST
  • China lifts ban on foreign nonbanks in Shanghai free trade zone

    SHANGHAI -- The free trade zone here has decided to eliminate regulations on foreign investments in nonbank financial institutions under a new policy announced by the city Tuesday. The municipal government reduced the number of restricted busine

    July 2, 2014 06:21 am JST
  • Japan sees stronger ties with US as deterrent

    TOKYO -- The cabinet's decision Tuesday to reinterpret the constitution to allow the use of force even if Japan is not attacked is aimed chiefly at ramping up its alliance with the U.S., a move believed to be a step toward a stronger military deterr

    July 2, 2014 05:42 am JST