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Apple to set up R&D centre in Shenzhen, bolster China ties

HONG KONG (Reuters) - Apple Inc will set up a research and development centre in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world's second largest economy amid growing competition. The Shenzhen hub follows a similar plan for...

China will improve access for foreign companies

BEIJING (Reuters) - China's State Council, or cabinet, said on Saturday the country is committed to improve access for foreign companies in China, as part of "a new round of high-level opening up".According to a statement released on Saturday following a State Council meeting chaired by Premier Li Keqiang,...

Yum blames South China Sea protests for dip in China sales

(Reuters) - Yum Brands Inc, owner of KFC and Pizza Hut, blamed tensions over the South China Sea for an unexpected dip in quarterly sales at its established restaurants in China.The company, which will spin off its China business on Oct. 31, said the last quarter started well there,...

Road to stagnation? China Inc gets a break from lenders

HONG KONG (Reuters) - Profits at roughly a quarter of Chinese companies in a Reuters analysis were too low in the first half of this year to cover their debt servicing obligations, as earnings languish and loan burdens increase. Corporate China sits on $18 trillion (14.07 trillion pounds) in...

Insured crabs, tea help China’s farmers avoid weather losses

HONG KONG (Thomson Reuters Foundation) -  Ma Rongda, a tea grower for nearly 30 years, knows how badly his business can be affected by extreme weather. But when heavy snow and cold hit his tea garden earlier this year, Ma was not as worried as he used to be. “I...

Yunnan killing spree sparkled by family dispute

Kunming. Yunnan police on Friday Yang Qingpei confessed to killing 19 people after a conflict with his parents, who were among the victims. The man of Han nationality born in 1989, returned to his hometown of Yema Village,  in Huize County, Qujing and killed his parents following a fight...

Inequalities in China’s healthcare system: ‘Cancer hotels’

China's healthcare system - In the shadow of one of China's top cancer hospitals in Beijing, a catacomb-like network of ramshackle brick buildings has become a home-from-home for hundreds of cancer patients and their families waiting for treatment.BEIJING (Reuters) - The cluster of nine buildings, connected by dark, narrow...

Kunming police destroyed nearly 20,000 illegal weapons

On 28 September, Kunming Public Security Bureau destroyed illegal weapons and explosives.The weapons, mainly guns, knives, self-made weapons, and explosives were publicly destroyed. The PSB carried out special campaigns to prevent and control explosives, in order to crack down on illegal activities involving firearms and explosives,  arresting 128 people, and...

The World’s longest sea bridge, long 55 km, is completed

The challenging project, part of China's planned national highway network, linking the opposite banks of the Pearl River, has an initial cost of 105 billion yuan (15.7 billion US dollars), and includes a tunnel, an artificial island, and the 55-km bridge. The total length is 89 kilometres. The Hong Kong-Zhuhai-Macao...

Paris climate target to cost Asia $300 billion a year, but will help save lies – research

JAKARTA (Thomson Reuters Foundation) - Developing economies in Asia will have to spend $300 billion a year until 2050 to meet targets set by the Paris climate deal, but can expect to save thousands of lives and avoid worsening poverty if they shift to low-carbon growth, research showed on...