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North Korean coal
China Underground > China News

U.S. challenges China’s imports of North Korean coal amid U.N. sanctions

BEIJING (Reuters) – China’s imports of North Korean coal run counter to global sanctions, a senior U.S. official said on Saturday, adding that a U.S. missile system deployed in South Korea should “motivate” Beijing to pressure Pyongyang over its nuclear programme.

Read moreU.S. challenges China’s imports of North Korean coal amid U.N. sanctions

Hong Kong Indipendence activists
China Underground > China News

Chaos erupts as Hong Kong independence activists fight ban to enter legislative chamber

Hong Kong Indipendence activists: HONG KONG (Reuters) – Hong Kong’s legislature descended into chaos on Wednesday as two pro-independence lawmakers defied a barring order and barged into the chamber as democrats formed a human chain around them, forcing the session to be adjourned.

Read moreChaos erupts as Hong Kong independence activists fight ban to enter legislative chamber

China third quarter GDP 2016
China Underground > China News

China third quarter GDP 2016 grows 6.7 percent as expected as construction booms, debt rises

China third quarter GDP 2016: BEIJING (Reuters) – China’s economy expanded at a steady 6.7 percent in the third quarter and looks set to hit Beijing’s full-year target, fuelled by stronger government spending, record bank lending and a red-hot property market that are adding to its growing pile of debt.


Read moreChina third quarter GDP 2016 grows 6.7 percent as expected as construction booms, debt rises

Shenzhou XI launch
China Underground > China News

China launches Shenzhou XI manned spacecraft to Chinese Space Laboratory

On Oct 17, 2016, China launched the Shenzhou XI manned spacecraft to transport two astronauts, Chen Dong, 37, and Jing Haipeng, 49, to the Tiangong II Chinese space laboratory.

Read moreChina launches Shenzhou XI manned spacecraft to Chinese Space Laboratory

North Korean leader Kim Jong Un guides the 3rd Meeting of Activists of the Korean People's Army (KPA) in the Movement for Winning the Title of O Jung Hup-led 7th Regiment in this undated photo released by North Korea's Korean Central News Agency
China Underground > China News

U.S. detects failed North Korean missile test

WASHINGTON (Reuters) – The U.S. military detected a failed North Korean test launch of an intermediate ballistic missile, the Pentagon said on Saturday.

Read moreU.S. detects failed North Korean missile test

People use an escalator outside the headquarters of ChemChina (China National Chemical Corporation) in Beijing, China
China Underground > China News

ChemChina, Sinochem in talks on possible $100 billion merger

BEIJING (Reuters) – Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion (81.89 billion pounds) in annual revenue, three sources familiar with the matter said.

Read moreChemChina, Sinochem in talks on possible $100 billion merger

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

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.

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

Chinese Premier Li Keqiang speaks to Montreal businessmen at the 6th China-Canada Economic & Trade Cooperation Forum in Montreal
China Underground > China News

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”.

Read moreChina will improve access for foreign companies

File photo of logos of KFC, owned by Yum Brands Inc, are seen on its delivery bicycles in front of its restaurant in Beijing
China Underground > China News

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.

Read moreYum blames South China Sea protests for dip in China sales

Buildings are seen at the Yujiapu financial centre, in Tianjin
China Underground > China News

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.

Read moreRoad to stagnation? China Inc gets a break from lenders