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Exclusive - Chinese firm withdraws from U.S. effort to fight college application fraud

LONDON A major Chinese education company that was subsidising a project to verify transcripts of Chinese students applying to U.S. colleges has pulled out after Reuters reported that the firm itself stands accused of widespread application fraud.


Dangote, China's Sinotruck set up $100 million truck plant in Nigeria 11:56am GMT

LAGOS Africa's richest man Aliko Dangote has partnered with China's heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export, the executive director of Dangote group said.


China should cap new home prices to avoid 'severe' problems – state researcher 11:19am GMT

BEIJING China should urgently solve problems in its property market by putting a cap on the prices at which new homes are sold, a researcher for the cabinet was quoted as saying on Wednesday by a state-owned newspaper.


China 2016 home prices surge most in five years, but moderating, easing bubble fears 11:18am GMT

BEIJING Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.

China urges U.S. to bar Taiwan delegation from Trump inauguration 10:32am GMT

BEIJING/TAIPEI The United States should not allow a delegation from Taiwan to attend U.S. President-elect Donald Trump's inauguration, China's Foreign Ministry said on Wednesday, raising a new bone of contention in Beijing's relations with the incoming government.


U.S. lobby says China protectionism fuelling foreign business pessimism 10:27am GMT

BEIJING More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying they have little confidence in China's vows to open its markets. | Video


Foreign business sceptical of China's promised opening 9:17am GMT

BEIJING/SHANGHAI Beijing has some way to go to convince foreign businesses that it is serious about liberalising China's economy, despite President Xi Jinping's speech at Davos on Tuesday and new proposals to relax restrictions on foreign investment.


China says hopes for "win-win" deal between Britain, EU 9:07am GMT

BEIJING China's Foreign Ministry said on Wednesday it hoped Britain and the European Union could reach a "win-win" agreement on Britain's departure from the bloc, after Prime Minister Theresa May said it would quit the EU single market when it left.

China steps up capital controls, tightens investment rules for state firms 8:40am GMT

BEIJING China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.


China economic growth to slow slightly this year as policymakers focus on risks - Reuters poll 6:46am GMT

BEIJING China's economy will likely expand 6.5 percent this year as authorities tolerate a further slowdown so they can focus on containing increasing financial risks, but a weakening yuan will complicate their policy choices, a Reuters poll showed.