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China has unveiled a series of reforms aimed at overhauling its economy over the next decade

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China has unveiled a series of reforms aimed at overhauling its economy over the next decade. In a statement issued after a closed-door summit, the Chinese leaders promised the free market would play a bigger role. A new committee will oversee internal security to guard against social unrest, and farmers will be given more property rights over their land. The leaders will now have to persuade off...

Japan’s PM Shinzo Abe has warned China that his country will respond with force if any attempt is made to land on disputed island

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Chinese economy has slowed for a seventh quarter

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Chinese economy has slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods. The annual rate of growth was 7.4% in the third quarter, down from 7.6% in the previous three months. However, there were signs that the world’s second-biggest economy was now stabilizing and rebounding. That would be good news for China, which is facing a leadership change, and the...

Zhou Xiaochuan, the governor of China's central bank, has pulled out of the IMF and World Bank meetings being held in Japan

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Zhou Xiaochuan, the governor of China’s central bank, has pulled out of the International Monetary Fund and World Bank meetings being held in Japan. The move comes amid an ongoing territorial dispute between the two countries. Relations between the two soured after Japan said it had purchased disputed islands in the East China Sea claimed by both Tokyo and Beijing. China’s four state-...

In future, Chinese families will be allowed two children if one parent is an only child

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China has decided to relax its policy of restricting most couples to having only a single child, state media announces. In future, families will be allowed two children if one parent is an only child, says the Xinhua news agency. The one-child policy already exempts rural dwellers and ethnic minorities. The move comes after this week’s meeting of a key decision-making body of the governing...

Google Chairman Eric Schmidt called China an Internet menace that backs cyber-crime for economic and political gain in a new book, The New Digital Age, due for release in April

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Google Chairman Eric Schmidt called China an Internet menace that backs cyber-crime for economic and political gain in a new book, The New Digital Age, due for release in April. The New Digital Age reportedly brands China “the world’s most active and enthusiastic filterer of information”. China is “the most sophisticated and prolific” hacker of foreign companies, acc...

The Chinese economy, world's second-largest, has slowed and performed worse than many analysts expected in the first quarter of 2013

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...220;All these figures showed that the economy is in a weak recovery.” Over the past few years, China has relied heavily on its exports and investment spending to maintain a strong pace of growth. However, as economic growth in its key markets such as the US and Europe has slowed, and its exports have weakened, there have been calls for China to rebalance its economy. Beijing has acknowledged...

The oriental Skywalk is situated 4,700 ft above sea level on the side of the Tianmen Mountain in Zhangjiajie, China

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Tourists looking to test their nerves can choose to go to China to walk across a dazzling glass bridge suspended from a cliff face. The oriental Skywalk is situated 4,700 ft above sea level on the side of the Tianmen Mountain in Zhangjiajie, China. In order to keep the glass path clean, tourists are asked to put on shoe covers before passing. The oriental Skywalk is situated 4,700 ft above sea l...

Two US B-52 bombers flew over disputed islands in the East China Sea in defiance of new China’s air defense rules

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Two US B-52 bombers flew over disputed islands in the East China Sea in defiance of new China’s air defense rules, officials say. China set up its “air defense identification zone” on Saturday insisting that aircraft obey its rules or face “emergency defensive measures”. A Pentagon spokesman said the planes had followed “normal procedures”. The islands, known a...

China's economy grew by 7.4 percent in 2014 Q1, better than what many were expecting

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China’s economy grew by 7.4% in 2014 Q1, better than what many were expecting. However, it is a slowdown from 7.7% growth in the final quarter of last year. Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago. Retail sales for the month of March spiked by 12.2%, underscoring China’s efforts to boost economic...

China's inflation rate hit a 10-month high in February after Lunar New Year festivities drove up food prices

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China’s inflation rate hit a 10-month high in February after Lunar New Year festivities drove up food prices. Consumer prices rose 3.2% from a year earlier, with food prices up by 6%. Inflation has been a hot political issue in China. There have been concerns that if consumer prices rise too much, it may prompt Beijing to tighten monetary policies, which in turn may hurt China’s growt...

Two Chinese patrol ships have been sent to islands disputed with Japan, which has sealed a deal to purchase the islands

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...hips have been sent to islands disputed with Japan, which has sealed a deal to purchase the islands, China’ state media says. The ships had reached waters near the islands – known as Senkaku in Japan and Diaoyu in China – to “assert the country’s sovereignty”, Xinhua news agency said. Japan confirmed on Tuesday it had signed a contract to buy three of the islands from...

The World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth

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The World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth. The bank said it expects China’s economy to grow by 7.7% this year, down from its projection of 8.2% in May. China’s exports have been hurt by economic problems in the eurozone and the US, two of its biggest markets. Meanwhile, policymakers have found it tough to bo...

China has agreed to buy 50 planes worth $3.5 billion from Europe's Airbus

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China has agreed to buy 50 planes worth $3.5 billion from Europe’s Airbus. The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China. An agreement on Airbus plane assembly in China was also signed, according to the Xinhua news agency. Chinese Premier Wen Jiabao said on Thursday his country would continue to invest in th...

Millions of Chinese people in Henan Province have been tuning in every Saturday night to watch an extraordinary talk show called “Interviews Before Execution”, in which a reporter interviews murderers condemned to death

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...his execution with a placard around his neck, detailing his crime. The practice is illegal in modern China – but the law is not always observed. Judge Lui Wenling, who worked closely with the programme-makers, says things are changing in the Chinese legal system. “The present criminal policies in China are <<To kill less and cautiously>> and <<Combining lenience and s...

Dumex allegedly paid doctors and nurses in the northern city of Tianjin to promote its baby formula products

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...; Danone baby food unit – said it is investigating claims the company bribed hospital staff in China to use its products. According to China Central Television, Dumex allegedly paid doctors and nurses in the northern city of Tianjin to promote its baby formula products. The report, which cited an unidentified former sales manager, comes amid an anti-corruption drive by Beijing. Dumex said it...

PM Shinzo Abe has called for Japan to broaden the scope of activities performed by its military

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...ed a new national security strategy and increased defense spending in a move widely seen as aimed at China. Over the next five years, Japan will buy hardware including drones, aircraft and amphibious vehicles. The military will also build a new marine unit, an amphibious force capable of retaking islands. The move comes with Tokyo embroiled in a bitter row with Beijing over East China Sea islands...

China's economy grew at its slowest pace in 14 years in 2013

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China’s gross domestic product (GDP) expanded 7.7% in 2013 from a year ago, the slowest pace of growth since 1999, official figures show. Chinese economy is the world’s second largest. The growth rate was higher than the government’s target of 7.5% and the same as in 2012. The data highlights the challenge policymakers face in sustaining China’s high growth rate as they look to...

State John Kerry has hailed China for being "very serious" about a pledge to help resolve tensions over North Korea's nuclear programme

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US Secretary of State John Kerry has hailed China for being “very serious” about a pledge to help resolve tensions over North Korea’s nuclear programme. The US and China earlier said they were committed to the “denuclearization” of the Korean peninsula. John Kerry said the two sides would hold further meetings “to bear down very quickly” on how to achieve...

Chen Guangcheng has phoned a US Congressional hearing to plead for help in his attempts to leave China with his family

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...1; Chen Guangcheng has phoned a US Congressional hearing to plead for help in his attempts to leave China with his family Although he initially said he wanted to stay in China, Chen Guangcheng said he had changed his mind because he believed China had reneged on an agreement to guarantee his safety. There is no official confirmation about the nature of any such agreement, but media reports from t...

China has become the world's second-biggest movie market in 2012

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China has become the world’s second-biggest movie market, after Japan lost the place, underscoring its importance as a key market for Hollywood’s moviemakers. China’s box office revenues surged 36% to $2.7 billion in 2012, the Motion Picture Association of America said. The surge came after China eased some restrictions on the number of foreign films allowed to be screened. In 2...

Chinese indignation grew recently when nationalist politicians from Japan visited disputed islands to commemorate the Japanese dead of WWII

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...Japanese-held islands, known as the Senkaku in Tokyo and the Diaoyu in Beijing. The unpopulated East China Sea islands may be rich in natural resources. Chinese indignation grew recently when nationalist politicians from Japan visited the chain to commemorate the Japanese dead of World War II, when the country occupied much of eastern China. Thousands of people have attended angry protest rallies...

Japan has accused China of violating its airspace for the first time after a Chinese government plane flew near disputed East China Sea islands

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China is accusing Japan of using its national security as a pretext for military expansion

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China is accusing Japan of using its national security as a pretext for military expansion. China’s Defense Ministry spokesman Geng Yansheng said in a statement that the move would increase regional tensions, state news agency Xinhua reported. Earlier this week, Japan said it would buy advanced equipment including drones and amphibious vehicles. It comes as Tokyo is embroiled in a bitter row with...

Starbucks has come under fire in China for reportedly charging locals higher prices than in other major markets

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Starbucks has come under fire in China for reportedly charging locals higher prices than in other major markets. The official China Central Television (CCTV) claimed Starbucks earns higher margins in China due to its pricing. Starbucks is the latest foreign company to come under scrutiny from Chinese media over its pricing practices. Earlier this year, Apple and Nestle were also put under pressur...