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China's economy stumbles on power crunch, property woes

Kevin Yao and Gabriel Crossley, Reuters
Posted at Oct 18 03:17 PM

Data released on Monday showed GDP grew 4.9 percent in July-September from a year earlier, the weakest clip since the third quarter of 2020. Read more »

China's wild elephants head to safety after long trek

David Stanway, Reuters
Posted at Aug 10 02:14 PM

Fourteen wild elephants are heading south towards their protected habitat in southwest China's Yunnan province following a 1,300-km trek. Read more »

Businesswoman loses US$200,000 while trying to get money out of China

South China Morning Post
Updated as of Jun 22 01:33 PM

A Vancouver businesswoman has launched a lawsuit to recover about US$200,000 she says was lost when a scheme to thwart Chinese money control laws went awry. Read more »

Taiwan to quarantine workers to control COVID spike at tech firm

Reuters
Posted at Jun 06 06:15 PM

TAIPEI -- All foreign workers at a plant of major Taiwanese chip packager King Yuan Electronics in Taiwan's northern city of Miaoli will be quarantined as health workers try to stop an outbreak of COVID-19 there, the government said on Sunday. Read more »

'Impactful' Pinoy leaders included in A100 List by Gold House

ABS-CBN News
Posted at May 04 12:38 AM

Several Filipinos and achievers of Filipino descent were included in this year's Gold House A100 List, which honors the "most impactful Asians and Asian American and Pacific Islanders in culture."    Read more »

China’s digital currency no threat, former central bank chief says

Karen Yeung, South China Morning Post
Posted at Dec 14 01:48 PM

China’s new sovereign digital currency could be a boon for cross-border trade while also supporting Beijing’s efforts to promote the yuan as an international currency, the former head of the country’s central bank said on Sunday. Read more »

Stocks creep higher on U.S. stimulus hopes, yuan sinks

Tom Westbrook, Reuters
Posted at Oct 12 08:37 AM

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. Read more »

THE DAY IN PHOTOS: June 29, 2020

ABS-CBN News
Posted at Jun 30 02:03 AM

Here are the day's top stories in photos. Read more »

Taiwanese lawmakers scuffle over Presidential appointment

Ann Wang, Reuters
Updated as of Jun 29 07:36 PM

Lawmakers from Taiwan's ruling Democratic Progressive Party (DPP) scuffle with lawmakers from the main opposition Kuomintang (KMT) party, who have been occupying the Legislature Yuan, in Taipei, Taiwan, Monday. Read more »

Tulong hiling ng 24 seafarer na 3 buwan nang stranded sa China

ABS-CBN News
Updated as of Jun 27 02:09 AM

Humihingi ng tulong ang grupo ng 24 Pinoy seaman na nasa barkong Fu Yuan Yu 7881 na tatlong buwan nang stranded sa Fuzhou, China. Read more »

China lab rejects COVID-19 conspiracy claims, but virus origins still a mystery

David Stanway, Reuters
Posted at Apr 28 02:22 PM

SHANGHAI - Claims that the coronavirus pandemic originated in a laboratory in the Chinese city of Wuhan have no basis in fact, the head of the lab told Reuters, adding that there were still no conclusive answers as to where the disease started.  Read more »

'Pink yuan' economy grows to $500 billion as China warms up to LGBT+

Michael Taylor, Thomson Reuters Foundation
Updated as of Feb 21 08:21 AM

China's gay economy is worth $300 billion to $500 billion annually, reaching some 70 million people, according to Daxue Consulting, a market research firm - making it the biggest gay and transgender market in the world in terms of population. Read more »

China to destroy banknotes from coronavirus-hit sectors

Karen Yeung, South China Morning Post
Posted at Feb 17 08:27 AM

Financial news outlet Caixin reported on Saturday that officials at the People’s Bank of China’s (PBOC) branch in the southern city ordered that all paper currency from sectors with high exposure to the coronavirus be withdrawn for destruction. Read more »

China cleans, locks away banknotes to stop virus spread

Agence France-Presse
Posted at Feb 15 02:59 PM

Banks use ultraviolet light or high temperatures to disinfect yuan bills, then seal and store the cash for 7 to 14 days before recirculating them. Read more »

Yuan tumbles, yen rallies as spread of China virus unnerves markets

Dhara Ranasinghe, Reuters
Posted at Jan 21 05:10 PM

China's yuan tumbled on Tuesday, pulling away from six-month highs against the dollar, while the yen rallied as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and rattled world markets.   Read more »

World stocks tread water as easing US-China tensions boost yuan

Agence France-Presse
Posted at Jan 15 09:07 AM

New York was also rattled by news reports on Tuesday that US President Donald Trump intended to keep most punitive US tariffs on Chinese imports until after the 2020 presidential election.    Read more »

Trump says China trade deal might have to wait for 2020 election

Steve Holland, Reuters
Posted at Dec 03 08:45 PM

US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting hopes of a quick resolution to a dispute that has weighed on the world economy. Read more »

Facing US sanctions, Venezuela offers suppliers payment in Chinese yuan: sources

Mayela Armas and Corina Pons, Reuters
Posted at Nov 28 02:30 PM

CARACAS - Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said. Read more »

PayPal to enter China market through local acquisition

Reuters
Posted at Oct 01 09:24 AM

Gopay Information Technology, PayPal's acquisition target, has received approval from China's central bank to sell a 70 percent stake to PayPal, both companies said on Monday. Read more »

China scraps foreign invesment cap in stocks, bonds

Agence France-Presse
Posted at Sep 10 11:03 PM

China on Tuesday removed limits on foreign institutions wanting to invest in its stocks and bond markets, as it seeks to attract overseas investment amid a slowing economy and a trade spat with the United States.   Read more »