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China's Fujian drops Aixtron bid after Obama blocks deal


FRANKFURT China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt.

Risking Beijing's ire, Vietnam begins dredging on South China Sea reef 9:43am GMT

SYDNEY/HONG KONG Vietnam has begun dredging work on a disputed reef in the South China Sea, satellite imagery shows, the latest move by the Communist state to bolster its claims in the strategic waterway.


China Nov trade rises unexpectedly in sign of global pick-up but Trump clouds 2017 8:39am GMT

BEIJING China's imports grew at the fastest pace in more than two years in November, fuelled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global demand.


China goes on unexpected commodities splurge 7:30am GMT

BEIJING China's imports of commodities surged unexpectedly last month putting the world's second-largest economy on track to set records for shipments of iron ore, coal and soybeans even as concerns linger about slowing economic growth.

Quake of magnitude 6.2 strikes China's Xinjiang, no reports of casualties 6:59am GMT

BEIJING An earthquake of magnitude 6.2 hit China's far western region of Xinjiang on Thursday, the China Earthquake Administration said, with tremors shaking buildings near the epicentre about 100 km (60 miles) west of the regional capital of Urumqi.

China vows to punish local govt officials for forging economic data 5:19am GMT

BEIJING Some local government officials in China have forged economic data and such offenders will be severely punished, the country's statistics chief wrote in an article in the People's Daily on Thursday.


China November forex reserves fall more than expected to lowest in nearly six years 1:22am GMT

BEIJING China's foreign exchange reserves fell far more than expected in November to the lowest level in nearly six years, as authorities struggled to stem capital outflows and shore up the sliding yuan in the face of the relentlessly rising dollar.


Trump picks longtime friend of Beijing as U.S. ambassador to China 12:27am GMT

BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world's second largest economy with tough talk on trade and a telephone call with the leader of Taiwan.

China's CIC head says Trump to be careful in considering tariffs when in office 07 Dec 2016

MELBOURNE The CEO of China's sovereign wealth fund said on Thursday he expects U.S. President-elect Donald Trump to be very careful in considering whether to increase tariffs in line with his election promises because it would not be in U.S. interests.


Beijing, London Games positive re-tests rise, more expected 07 Dec 2016

LAUSANNE, Switzerland Re-tests of doping samples from the 2008 Beijing and 2012 London Olympics have found another three positive tests to take the tally to 101 and more are expected, the International Olympic Committee (IOC) said on Wednesday.