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Asia Top News and Analysis China

  • BEIJING _ Bitauto Holdings Ltd. on Wednesday reported a loss of $15.1 million in its fourth quarter. The Beijing- based company said it had a loss of 39 cents per share. For the year, the company reported that its loss narrowed to $42 million, or $1.11 per share.

  • *Graphic of China's coal imports: http://tmsnrt.rs/2lj1BS0. Teck has the ability to add to its output, but is waiting for the steel industry in India to take off, as well as watching policy developments in China. China remains key for the outlook for coking coal, with policy decisions likely to drive both short- and medium-term prices.

  • *China domestic and export demand pick up. LONDON, March 1- Copper prices rose to their highest in more than a week on Wednesday as manufacturing data from top consumer China showed potential for strong demand, reinforcing worries about shortages due to supply disruptions. Factory activity in China expanded faster than expected in February as domestic and...

  • HONG KONG, March 1- Taiwan's Foxconn, the world's largest contract electronics maker, is "definitely bidding" for the chip business of Japan's Toshiba Corp and is "very confident" it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61 billion yuan...

  • HONG KONG/ SHANGHAI, March 1- China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. Such measures could potentially help China win inclusion on global bond indexes, but investors say market accessibility and concerns about...

  • *Founder says money should not be only thing for Toshiba. HONG KONG, March 1- Taiwan's Foxconn, the world's largest contract electronics maker, is "very confident" it can buy into the chip business of Japan's Toshiba Corp, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61...

  • BEIJING— China's latest-generation combat drone has made its maiden flight in what its developer says is a sign that the country is catching up with industry leader the United States. The drone's successful test flight "allows China to follow the U.S. in producing a new generation of integrated surveillance and combat unmanned aerial vehicles," the company...

  • HONG KONG, March 1- Taiwan's Foxconn, the world's largest contract electronics maker, is sincere in its interest in Toshiba Corp's chip business, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61 billion yuan flat-screen display factory in Guangzhou province,...

  • BEIJING— China will cut another 500,000 steel and coal jobs this year to reduce excess production capacity, the labor minister said Wednesday, amid complaints the industries are flooding global markets and depressing prices. Beijing is in the midst of a multiyear effort launched last year to shrink bloated industries including steel, coal, cement, aluminum...

  • *China manufacturing PMI hits 3- mth high, beats expectations. MELBOURNE, March 1- London copper climbed on Wednesday to its highest in nearly one week, supported by an upturn in manufacturing growth in top metals user China and concerns about a shortage of mine supply. "This confirms that China's economic fundamentals are gaining momentum bodes well for China's...

  • The latest on foreign reaction to President Donald Trump's speech to Congress:. China says its participation in the World Trade Organization has not only benefited Beijing but global economic growth as well, implicitly rejecting President Donald Trump's claim that it took factories away from the U.S. Trump, in his speech to Congress, said the U.S. has "lost...

  • *Graphic of China's coal imports: http://tmsnrt.rs/2lj1BS0. Teck has the ability to add to its output, but is waiting for the steel industry in India to take off, as well as watching policy developments in China. China remains key for the outlook for coking coal, with policy decisions likely to drive both short- and medium-term prices.

  • SINGAPORE, March 1- The United States' pull-out from the Trans Pacific Partnership hurt confidence in American policies, Singapore's Prime Minister Lee Hsien Loong said, urging Washington to "focus" on its relationship with China. In an interview with the BBC broadcast on Wednesday, Lee said Singapore was disappointed with President Donald Trump's decision to...

  • *China Feb factory activity continues modest expansion streak. BEIJING, March 1- China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism. Zhou said it was "very likely" that China's central bank...

  • *China factory activity expanded faster than expected in Feb. SHANGHAI, March 1- China stocks rose on Wednesday after better-than-expected factory activity surveys offered fresh signs of economic recovery, days ahead of the country's annual parliamentary meeting that investors hope will unveil fresh reforms. "This is the 7th consecutive month that China's...

  • Guo Shuqing speaks to the media at the Great Hall of the People to attend a plenary session of the National People's Congress on March 10, 2013 in Beijing, China.

    China's banking regulator named Guo Shuqing as the new chairman of China Banking Regulatory Commission.

  • Manufacturing surveys for Asia, including for its two biggest economies China and Japan, were broadly positive for exports in a welcome sign for many of the companies tapped into the global supply chain. Authorities in China, whom Trump last week labeled the "champions of currency manipulation", can take comfort from a private survey showing factory activity...

  • HONG KONG, March 1- China's yuan fell against the dollar on Wednesday, after the greenback climbed to one-week highs on growing expectations that the U.S. The People's Bank of China set the midpoint rate at 6.8798 per dollar prior to the market open, weaker than the previous fix of 6.875. "Demand for dollars is strong in the market today and trading is quite active,"...

  • A United States Army missile defense system.

    Tensions are surging in China after a decision pushed forward plans to deploy a U.S. anti-missile system in South Korea.

  • Why China is upset with the Lotte Group

    CNBC's Sophia Yan reports on China's displeasure with a land swap deal between Lotte and the South Korean government.