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  • Written by Cornell University economist Eswar Prasad, the report predicts that China will allow its tightly controlled financial system to "become largely open within the next three to five years." China has aggressively promoted the use of the yuan in global commerce. It has, for example, allowed yuan-denominated bonds to be issued in Hong Kong and permitted...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise is buying German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its pollution and waste recycling problems. China set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment...

  • SHANGHAI, Feb 4- Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald's Corp as the pair battle to revive flagging sales in China- a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales data suggests McDonald's is recovering faster in China than larger rival Yum as both seek to...

  • BEIJING, Feb 4- China's foreign exchange reserves remain abundant despite recent declines and risks from cross-border capital movements are under control, the country's foreign exchange regulator said on Thursday. "China's foreign exchange reserves remain abundant, as the ratio between outstanding short-term foreign debt and foreign exchange reserves...

  • *Could help Beijing's case for A share inclusion in MSCI. SHANGHAI, Feb 4- China unveiled new rules on Thursday that would let foreign institutional investors buy more stocks and bonds, and make it easier for them to move money out of the country. The new policies toward the Qualified Foreign Institutional Investor scheme are aimed at "gradually promoting...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise has struck a deal to buy German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its huge problems with pollution and recycling more of its waste. China set a target to spend about $16 billion between 2013 and 2016 to improve...

  • STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.

  • HONG KONG— Most Asian stocks jumped Thursday, leading world markets higher as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Britain's FTSE 100 percent rallied 1.5 percent to 5,921.69 and Germany's DAX climbed 0.7 percent to 9,504.25. France's CAC 40 gained 0.6 percent to...

  • SHANGHAI, Feb 4- The yuan slipped on Thursday due to robust demand for the dollar ahead of the week-long Lunar New Year holiday next week. Propelled by the dollar's global weakness, the People's Bank of China set its official midpoint rate at 6.5419 per dollar prior to market open, 0.16 percent firmer than the previous fix 6.5521. Corporates and individuals were...

  • HONG KONG, Feb 4- Property developers and other Chinese firms have shown strong interest to bid for the $1 billion insurance asset of Hong Kong's Dah Sing as they seek diversification from a slowing mainland economy and a weakening yuan, sources with direct knowledge of the matter said. China's fourth-biggest developer, Country Garden Holdings, and its biggest...

  • Is HK still a 'cool' place for luxury shopping? Wednesday, 3 Feb 2016 | 11:04 PM ET

    Retailers in Hong Kong face a real crisis: canny shoppers don't think they're cool enough.

  • HONG KONG, Feb 4- State-owned China National Chemical Corp plans for a mix of recourse and non-recourse loans to fund a $43 billion bid for Swiss seeds and pesticides group Syngenta, Thomson Reuters LPC said on Thursday, citing banking sources familiar with the plans. The specific breakdown of the funding package has yet to be decided, but about $30 billion would...

  • *Coming Up: U.S. Factory orders Dec at 1500 GMT. MELBOURNE, Feb 4- London copper rose for second day to the most in a month as a falling U.S. dollar spurred interest in commodities, including oil, that prompted investors shorting the market to close their positions ahead of the Lunar New Year holiday. China's copper imports surged by 18 percent in December and reached...

  • Why China's currency woes continue Wednesday, 3 Feb 2016 | 10:05 PM ET
    Trading strategies

    China's foreign exchange reserves possibly declined by $140 billion in December, notes Mitul Kotecha from Barclays.

  • LAUNCESTON, Australia, Feb 4-- The new entrants to China's crude market will not only boost the amount of oil imported, but are also likely to affect the supply sources and method of delivery. China more than doubled the non-state crude import quota for 2016 to 87.6 million tonnes, equivalent to 1.75 million barrels per day, part of efforts to boost competition and...

  • Treasury Secretary Jack Lew reiterated to China the importance of transitioning to a market-determined exchange rate in an orderly and transparent way, the Treasury said on Wednesday. During a phone call with Chinese Vice Premier Wang Yang on Tuesday evening, Lew also urged Beijing to clearly communicate its exchange rate policies and actions to financial...

  • Hollysys Automation posts 2Q profit Wednesday, 3 Feb 2016 | 6:05 PM ET

    BEIJING _ Hollysys Automation Technologies Ltd. on Wednesday reported fiscal second-quarter earnings of $32.9 million. Hollysys Automation expects full-year revenue in the range of $565 million to $600 million. Hollysys Automation shares have declined 23 percent since the beginning of the year.

  • *BOV Aviation set for $3 bln IPO, biggest for lessor. SINGAPORE, Feb 4- Fresh from taking on the world in financial services, China's cashed-up banks are targeting a bigger slice of the surging global aviation market, beefing up affiliates bent on supplying planes to airlines around the planet. Four Chinese lessors- including BOC Aviation- are among the world's top...

  • How China, the dollar and oil control the market Wednesday, 3 Feb 2016 | 4:06 PM ET
    How China, the dollar and oil control the market

    CNBC Contributor Brian Kelly explains the market relation between China, the dollar and oil prices.

  • How Japan sees China's island-building 'problem' Wednesday, 3 Feb 2016 | 3:24 PM ET
    Japan's Foreign Deputy Minister Shinsuke Sugiyama (L) gestures as he welcomes China's Assistant Minister of Foreign Affairs Liu Jianchao (R) prior to the 13th round of Japan-China Security Dialogue at the Foreign Ministry in Tokyo on March 19, 2015.

    "The current situation of the Chinese economy is not good for anybody," a top Japanese diplomat told CNBC.