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China says Taiwan activist confesses to harming state security, Taiwan says charges vague

BEIJING/TAIPEI China said on Friday that a Taiwan rights activist has been arrested on suspicion of subversion and has confessed to harming state security, as Taiwan said the charges were vague and unconvincing.

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U.S. dip a "splutter" not a slump, says IMF chief economist 1:16pm BST

LONDON The dip in the U.S. economy is a "splutter" rather than a more serious downturn, the International Monetary Fund's chief economist said, though policy uncertainty in Washington was making forecasting increasingly difficult.

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China's reforms not enough to arrest mounting debt - Moody's 12:09pm BST

BEIJING China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.

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Safe Sex - Chinese buy condom business as savvy youth spur demand 11:57am BST

SHANGHAI April Zhang, a 21-year-old student from Shanghai, reflects the fast-shifting attitudes of China's younger generations towards sex. She's confident to talk about a topic once taboo here and is well educated about the risks.

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Gay rights in China get fillip from Taiwan same-sex marriage ruling 11:48am BST

BEIJING Taiwan's decision giving same-sex couples the right to marry has proved a shot in the arm for the gay rights movement in Asia, but it is likely to be many years before China approves similar measures, amid deep-rooted opposition in some quarters. | Video

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China's teapot refiners set to slow crude imports as tanks overflow 10:20am BST

BEIJING/SINGAPORE As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners - awash with crude and facing disappointing local demand - are poised to slow purchases of oil for at least the next two months.

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U.S. says China realises limited time to negotiate with North Korea 9:55am BST

BEIJING China has realised it has limited time to rein in North Korea's nuclear programme through negotiations and is open to further sanctions against Pyongyang, a senior U.S. State Department official said on Friday.

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Irritation with Moody’s reflects China’s sensitivity as it seeks foreign investors 9:22am BST

BEIJING/HONG KONG China has tried to brush aside a rare cut to its credit rating by Moody's Investors Service as misinformed, but its reaction highlights its sensitivity to how it is being viewed just as it seeks more foreign capital in its equity and bond markets.

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China factories seen growing at slowest pace in eight months in May 9:02am BST

BEIJING Factory activity in China is expected to have grown at its slowest pace in eight months, a Reuters poll showed, as previous stimulus fades and policymakers focus on tackling rising debt - a sign the cooldown in manufacturing will persist through 2017.

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Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion - sources 8:56am BST

MELBOURNE/SINGAPORE Australia's top energy retailer Origin has drawn interest from at least five potential bidders, including China's Fosun International, for A$2 billion ($1.5 billion) worth of oil and gas assets it aims to spin off, sources said.

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