China's shadow banking risk shifts to booming bond market


SHANGHAI A year after China's financial regulators squared up to the systemic perils of "shadow banking", the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors.

China police bust online gun ring, seize 1,180 guns - Xinhua 28 Nov 2015

SHANGHAI Police in China, where gun possession by ordinary people is illegal, have busted an online gun selling operation, seizing 1,180 guns and more than 6 million bullets, the state news agency Xinhua reported on Saturday.


Germany's Merkel urges strict, binding goals to tackle climate change 28 Nov 2015

FRANKFURT Germany's chancellor gave a qualified welcome on Saturday to China's pledge to tackle rising temperatures ahead of a global climate conference but she called for more ambitious goals to cut greenhouse emissions.


FTSE ends lower as miners slump 27 Nov 2015

LONDON British shares retreated on Friday as miners pushed the blue-chip FTSE 100 index into negative territory following weak Chinese industrial data which reignited concerns over China's economic slowdown.


China's army to get more prominent role in military reform 27 Nov 2015

BEIJING China's army will get a more prominent role under military reform proposals announced this week and there will also be more help for those who lose their jobs as a result of the changes, the Defence Ministry said on Friday.

China air force again holds drills in Western Pacific 27 Nov 2015

BEIJING China's air force said on Friday it had flown bombers and other jets through a strait between Japanese islands on their way to drills in the Western Pacific, and had carried out a patrol in China's air identification zone in the East China Sea.

Beijing to toughen car emission standards by 2017 to cut pollution 27 Nov 2015

BEIJING Beijing plans to ramp up its already tough car emission standards by 2017 in a bid by one of the world's most polluted cities to improve its often hazardous air quality.


China calls for calm amid tensions over Russian jet downing 27 Nov 2015

BEIJING China's Foreign Ministry called for calm on Friday over growing tensions about Turkey's shooting down of a Russian warplane, urging the international community to coordinate in the fight against terror to avoid such incidents.


Chinese rights activist jailed for six years 27 Nov 2015

HONG KONG A prominent Chinese rights activist, Guo Feixiong, was sentenced to six years imprisonment on Friday by a court in southern China, amid a continuing crackdown on human rights advocates across the country, his lawyer said on Friday.


Easing of China one-child policy too late for those who lost only child 27 Nov 2015

BEIJING Cui Wenlan was devastated when she heard the news last month that China was scrapping its one-child policy. She is among more than a million grieving Chinese parents who have lost the only child the government allowed them to have.