BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, a transition official said on Wednesday, choosing a longstanding friend of Beijing after rattling the world's second-largest economy by speaking to Taiwan's president.
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.
BEIJING Tighter rules in China on outbound capital flows have raised barriers for European and U.S. companies to get money out of the country, two prominent business lobbies said on Wednesday, with one saying dividend payments had been affected.
BEIJING Ford Motor Co expects China to wait until the last possible moment to announce whether it will extend a tax cut on small engine cars set to expire at year's end and is making contingency plans for various outcomes, an executive said on Wednesday.
BEIJING/GUATEMALA CITY China called on U.S. officials on Tuesday not to let Taiwanese President Tsai Ing-wen pass through the United States en route to Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent.
WASHINGTON Taiwan President Tsai Ing-wen said she does not anticipate any major policy shifts affecting the region despite her unprecedented call with U.S. President-elect Donald Trump that deeply rankled China, according to media reports on Tuesday.
BEIJING Alipay said Tuesday it has partnered with four more financial services providers in Europe, as it looks to tap into Chinese consumers travelling abroad, in a move that could help China's top online payments platform expand its global footprint nearly tenfold.
HONG KONG McDonald's Corp is looking to raise $1 billion (784.37 million pound) to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.
STUTTGART Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.
WASHINGTON/BEIJING The White House said on Monday it had sought to reassure China after President-elect Donald Trump's phone call with Taiwan's leader last week, which the Obama administration warned could undermine progress in relations with Beijing. | Video