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China paper says U.S., South Korea will 'pay the price' for planned missile system

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BEIJING The United States and South Korea are destined to "pay the price" for their decision to deploy an advanced missile defence system which will inevitably prompt a "counter attack", China's top newspaper said on Saturday.

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Independence banners hung at Hong Kong universities in defiance of China - media 5:11am BST

HONG KONG Around a dozen Hong Kong universities draped large banners calling for the city's independence on China's National Day, defying authorities with demands for the Chinese controlled territory to split with mainland China.

Chinese navy ships arrive in Myanmar for five-day visit 4:11am BST

BEIJING Two Chinese navy ships have arrived in Myanmar's main city of Yangon for a five-day visit, state media said on Saturday, the latest move by Beijing to reinforce military ties with its strategically-located southern neighbour.

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IMF sets new SDR currency amounts to reflect Chinese yuan entry 30 Sep 2016

WASHINGTON The International Monetary Fund said on Friday it set new relative amounts of the currencies in its Special Drawing Rights currency basket, reflecting the entry of China's yuan for the first time on Saturday.

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GlaxoSmithKline to pay $20 million to settle U.S. foreign bribery case 30 Sep 2016

WASHINGTON GlaxoSmithKline Plc will pay $20 million to settle civil charges that it masked bribes to foreign officials in China by disguising them as legitimate travel, entertainment and marketing expenses, U.S. regulators said on Friday.

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Duterte visit to China may lead to changing alliances in East Asia 30 Sep 2016

MANILA/BEIJING Philippines President Rodrigo Duterte travels to China next month on a visit that could redraw alliances in East Asia after his incendiary comments about the United States and active courting of Washington's chief rivals.

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Canada says returning suspects to China needs to be done by law 30 Sep 2016

BEIJING Canada agreed to start talks about an extradition treaty with China rather than formal negotiations for such a deal, Canada's ambassador to China said on Friday, adding that returning suspects would have to meet Canadian legal standards.

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Samsung slammed by Chinese state TV over Note 7 recall 'discrimination' 30 Sep 2016

HONG KONG Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co for what it said was "discrimination" against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace batteries.

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Exclusive: Xi set to consolidate power in China by curbing Communist Youth League 30 Sep 2016

BEIJING A year before a Communist Party conclave that could decide who will eventually replace him as China’s next leader, President Xi Jinping is manoeuvring to reduce the power of a rival political bloc while seeking to get members of his own faction onto the country’s top ruling body, according to three sources with ties to the leadership.

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China's yuan prepares for global currency status as questions on reform linger 30 Sep 2016

SHANGHAI China's yuan will formally join the U.S. dollar, the euro, the Japanese yen and the British pound as a global reserve currency on Saturday, in a key milestone in the country's long campaign to boost its clout on the global stage.