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China hails "golden period" in relations with Philippines

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BEIJING Relations between China and the Philippines have entered a "golden period of fast development", Chinese Foreign Minister Wang Yi said on Thursday, touting growth in trade ties and bilateral efforts to settle disputes in the South China Sea.

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China's Xi tells Hong Kong he seeks "far-reaching future" for its autonomy 8:20am BST

HONG KONG Chinese President Xi Jinping said on Thursday China would work to ensure a "far-reaching future" for Hong Kong's autonomy, but he faces a divided city with protesters angered by Beijing's perceived interference as it marks 20 years of Chinese rule.

China denounces accusations it is main source of fake goods in EU 7:17am BST

BEIJING China denounced a Europol report on Thursday that accused China of being the main source of counterfeit goods in the European Union, calling it "irresponsible" while vowing to continue the crackdown on intellectual property right violations.

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Rio Tinto shareholders okay $2.69 billion coal assets sale to China-backed Yancoal 6:49am BST

SYDNEY Rio Tinto shareholders approved the sale of a suite of Australian coal assets to China-backed Yancoal Australia for $2.69 billion (£2 billion), ending a bidding war with commodities trader Glencore .

China's Sinomach to merge with China Hi-Tech Group - state asset regulator 6:31am BST

SHANGHAI The China National Machinery Industry Corp (Sinomach) will merge with The China High-Tech Group, the country's state asset regulator said on Thursday, part of China's ongoing efforts to slim down its bloated state sector.

China eyes healthcare payment shake-up to trim costs 5:52am BST

SHANGHAI China will push to diversify how it pays the healthcare costs for its nearly 1.4 billion people in a bid to stem "irrational growth" of medical costs, the finance ministry said in a statement on Thursday.

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Global coordination important as world economy changes - China Vice Finance Minister 5:25am BST

BEIJING Global coordination is important as the world economy undergoes changes, including the latest increase in U.S. interest rates earlier this month, China's Vice Finance Minister Zhu Guangyao said ahead of a G20 summit of leaders in July.

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From 1997 to 2017: Hong Kong in pictures 3:50am BST

HONG KONG On Saturday, Hong Kong will mark 20 years since the end of British colonial rule, when the Asian financial hub was handed back to mainland China.

Chinese paper says Australia spying on embassy, monitoring citizens 2:18am BST

BEIJING The Australian government has been spying on China's embassy in the country and "harassing" Chinese people to provide intelligence, an influential state-run newspaper said on Thursday, citing a security source.

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China open to free-trade agreement with Mexico - Xinhua 1:24am BST

SHANGHAI China is open to negotiating a free-trade agreement with Mexico, the official Xinhua news agency reported on Thursday, citing the Chinese ambassador to the country, a fillip for Mexico as it faces uncertainty over its trade deals with the United States.

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