China invites private investors to help build $318 billiion of projects


SHANGHAI - China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.

China officials taken on prison visits in warning against corruption 1:59am BST

SHANGHAI - Chinese authorities have taken government officials and members of their families on tours of prisons as a "warning" against corruption, the official China Daily newspaper reported on Monday, citing the country's top disciplinary body.

In China, P2P lenders offer some relief to small entrepreneurs 24 May 2015

SHANGHAI/HONG KONG - When Chinese flight booking operator Baitour needed cash to grow its business last year, it opted against using Industrial and Commercial Bank of China, its long-term lender and the world's largest bank, turning instead to Internet finance startup Jimu Box.


South Korea seeks deeper cooperation with Japan on China-led AIIB 23 May 2015

TOKYO - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.


China and Peru agree to study transcontinental rail link 23 May 2015

BEIJING - China and Peru have agreed to study the feasibility of a controversial 5,300 km (3,300 miles) transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.


China says U.S. South China Sea actions 'irresponsible, dangerous' 22 May 2015

BEIJING/WASHINGTON - China said on Friday it was "strongly dissatisfied" after a U.S. spy plane flew over part of the South China Sea this week near where China is building artificial islands, and called on the United States to stop such action or risk causing an accident.

China calls for immediate end to conflict in South Sudan 22 May 2015

BEIJING - China called on Friday for an end to conflict in South Sudan where fighting has caused thousands of people to flee from their homes and prompted warnings to oil companies to shut down operations.

China says to launch mutual fund recognition with Hong Kong on July 1 22 May 2015

BEIJING - A long-awaited scheme to allow funds domiciled in Hong Kong and China to be sold in each others' market will be launched on July 1, regulators said on Friday, in a move to facilitate cross-border investment.


China, India likely to be biggest shareholders in AIIB 22 May 2015

SINGAPORE - China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.


China-backed AIIB sets target to be operational by year-end 22 May 2015

SINGAPORE/NEW DELHI - China-backed Asia Infrastructure Investment Bank (AIIB) on Friday set an ambitious target to become operational by the end of the year after a three-day meeting of prospective founding member nations in Singapore.

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