United Kingdom

Ryan Woo

China's 'mermaid descendants' weave final garments from skin of fish

21 Jan 2020

TONGJIANG, China You Wenfeng, who belongs to China's tiny Hezhen ethnic group, is one of the few people in her community who can still make clothing from the skin of fish. | Video

China's Baoshang Bank to be taken over by local governments, state firms

21 Jan 2020

BEIJING China's troubled Baoshang Bank will be taken over by local governments and a group of state firms, a central bank official with direct knowledge of the matter said, as Beijing looks to shore up some of the country's weakest lenders.

Chinese cities get creative in steadying cooling property markets

17 Jan 2020

BEIJING Property agent Yuan Bin thought he must have misheard when news broke on Nov. 11 - China's equivalent of Black Friday - that the Shenzhen government was cancelling a capital gains tax on some apartments in the southern boomtown.

China, U.S. sign initial trade pact but doubts and tariffs linger

16 Jan 2020

BEIJING/WASHINGTON China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies, defusing an 18-month row that has hit global growth. | Video

With nothing to lose, loners build future in China's hollowed-out north

13 Jan 2020

But the 32-year-old ship mechanic became a minor internet sensation last month after posting a video of his everyday life in a largely forgotten coal city in the country's far north. 

Chinese government shell firms buy cash-strapped companies for first time

09 Jan 2020

SHANGHAI/BEIJING Local government shell companies in China bought into struggling privately run listed firms for the first time last year, veering from their typical remit of financing infrastructure projects to pump over $2 billion into cash-strapped businesses.

China's December consumer inflation still high, not seen hindering PBOC easing

09 Jan 2020

BEIJING China's consumer inflation steadied while factory-gate prices fell at a slower pace in December, giving Beijing room to stay the course on monetary easing as economic growth cools.

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