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Extreme runner to take Chinese stray dog home after it followed him for 125km

Australian extreme runner Dion Leonard says he is planning to bring a stray dog, who followed him for 125 km during a race across China, back to his home in Scotland. The dog, now named Gobi, accompanied the team from the cooler side of Tian Shan range and ran...

China’s state planner drops call for monetary easing from statement

BEIJING (Reuters) - A research office at China's top economic planner on Wednesday called for the central bank to cut interest rates and bank reserve requirements, but later removed the remarks in an updated statement posted on its website. The National Reform and Development Commission (NDRC) also removed a...

China says EU anti-dumping duties are ‘unjustifiable protection’

SHANGHAI (Reuters) - The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news agency reported, citing a statement from the Ministry of Commerce (MOFCOM). MOFCOM expressed regret that the move came just weeks after  a Group...

Apple’s revenue falls 33% in China

China is no longer Apple's number two market and Tim Cook has a big task ahead if he wants to claw back market share. Ryan Brooks reports. The Apple factor has been slipping for a while in China. But on Tuesday we got a glimpse of just how bad...

Heavy rain in China kills at least 87, thousands evacuated

SHANGHAI (Reuters) - Heavy rain in China has killed at least 87 people and forced  thousands from their homes, state media reported on Saturday. Seventy-two people have been killed and 78 are missing in the northern province of Hebei after rain triggered floods and landslides, the Xinhua news agency...

U.S. warns at WTO of China backsliding on economic openness

GENEVA (Reuters) - The United States is worried that China is retreating from pledges to open its economy to market forces as it tries to cope with a slowdown in growth, U.S. trade diplomat Chris Wilson told the World Trade Organization on Tuesday. China is undergoing a regular two-yearly...

China economy growing, but at only half of official estimates – SMI survey

BEIJING (Reuters) - A survey of Chinese sales managers indicates that the economy is growing but at only about half the rate of official estimates, a private survey showed on Tuesday.China's economy has bottomed out and continues to grow at a low but stable pace, but a major pickup...

Taiwan bus burst into flames, killing 26, including 24 tourists from China

TAIPEI (Reuters) - A Taiwan tour bus carrying tourists from China crashed into a highway railing en route to the airport on Tuesday and burst into flames, killing all 26 on board, Taiwanese authorities said. The bus was carrying 24 tourists on an eight-day tour organised by a travel...

Slowing China home price rises add to doubts about economy

BEIJING (Reuters) - Home price rises in China slowed in June for a second straight month, adding to fears that a construction-led rebound in the economy may not be sustainable. The property market is a key driver of the world's second-largest economy and a robust recovery in home prices and...

China’s innovation economy a real estate bubble in disguise?

SHACHENG, China (Reuters) - The Chinese government's call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around the country and are set to...