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  • BEIJING, March 5- China's top leaders are expected to revise down their 2015 economic growth target to around 7 percent on Thursday when the annual parliamentary meeting begins in Beijing, signalling the slowest expansion for a quarter of a century. The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a...

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • UPDATE 2-Trina Solar plans IPO of power plants business Wednesday, 4 Mar 2015 | 11:41 AM ET

    *Plans to set up low-cost plants outside China. Trina's U.S. rivals, SunPower Corp and First Solar Inc, said last week that they were in talks to set up a venture that would hold some of their power-generating assets. The company said it expects to spend $250 million- $300 million on its manufacturing business and about $1.1 billion on the downstream, or power plants,...

  • WASHINGTON, March 4- China's rapidly increasing defense spending is not a cause for alarm unless Beijing uses its resources to be provocative, the U.S. Army's commander in Asia said on Wednesday after China announced plans to boost its defense budget by 10 percent. Brooks said China's military expansion could be expected considering the country's rapid...

  • March 4- Trina Solar Ltd said it expects to set up low-cost plants outside China to ramp up production capacity this year, as the panel maker tries to counter U.S. and EU duties on products made in the Asian country. Trina Solar, which expects to add 500 megawatts cell and 800 MW of module capacity in 2015, said it also plans to use local manufacturers in select...

  • LONDON, March 4- Global business activity picked up last month just as many central banks around the world loosen monetary policy further to try and drive up stubbornly low inflation and revive moribund economies. Growth in China's service industry accelerated and India's expanded at an eight-month high while firms across the euro zone ramped up operations...

  • Tuniu reports 4Q loss Wednesday, 4 Mar 2015 | 5:14 AM ET

    NANJING, China _ Tuniu Corp. on Wednesday reported a loss of $27.1 million in its fourth quarter. The Nanjing, China- based company said it had a loss of 54 cents per share. Tuniu shares have increased 26 percent since the beginning of the year.

  • According to two sources with direct knowledge of the matter and another who had been briefed by police, the police last month froze one account at Industrial and Commercial Bank of China and another at Bank of China, both held in Shanghai by Trafigura Private Limited, a Singapore unit. Trafigura will be anxious to avoid any disruption to its business in Shanghai,...

  • *China is world's second biggest defense spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • Hong Kong shares end lower after retail sales plunge Wednesday, 4 Mar 2015 | 3:15 AM ET

    HONG KONG, March 4- Hong Kong shares finished lower on Wednesday, following weaker U.S. and European markets and as a sharp drop in domestic retail sales hurt investor sentiment. Retail stocks including Sa Sa International, Chow Tai Fook and Giordano International sagged on news that Hong Kong retail sales in January slid 14.6 percent from a year earlier, their...

  • SHANGHAI, March 4- China stocks rebounded on Wednesday in volatile trade, with Shenzhen- listed shares rising sharply amid hopes that regulators would soon open a channel for fresh foreign money to enter the city's bourse. Hong Kong chief executive C.Y. Leung told reporters on Tuesday that preparatory work for a Hong Kong- Shenzhen stock connect was going "...

  • SHANGHAI— China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for a share of China's $465 billion technology market, saying Wednesday that the law is purely designed to address domestic security issues.

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • ISMAILIA, Egypt— Bulldozers push earth and dredgers spit mud round the clock at Egypt's Suez Canal in a race to quickly expand the strategic waterway for two-way traffic, a project trumpeted by President Abdel-Fattah el-Sissi to revive both the country's damaged economy and visions of nationalist glory. Although more vessels will be drawn to the canal...

  • CANBERRA, Australia— Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million. The billionaire, Hui Ka Yan, is chairman of Hong Kong- listed real estate developer Evergrande Real Estate Group, which is based in Guangzhou, China.

  • BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets. "Compared with great powers, the road of China's defence modernisation is more difficult.

  • SHANGHAI, March 4- China stocks ended lower on Wednesday morning, as early gains following a private survey showing growth in the service sector were erased by continuing worries about the economy. Investors are seeking fresh policy cues from this week's meeting of China's legislature, the National People's Congress. Stocks in the pharmaceutical, media and...

  • BEIJING, March 4- China's defense budget this year will rise about 10 percent compared with 2014, the spokeswoman for the country's parliament said on Wednesday, outpacing the slowing Chinese economy as the country ramps up investment in high-tech equipment. National People's Congress spokeswoman Fu Ying told a news conference that the actual figure would...

  • SHANGHAI, March 4- U.S. companies in China have a less rosy outlook for business conditions over the next five years due to a slowing economy, an "opaque" regulatory environment and rising domestic competition, a U.S. business lobby survey showed on Wednesday. The annual report by the American Chamber of Commerce in Shanghai- the self-dubbed voice of American...