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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...

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...

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...

Unexpected competition for China’s private infrastructure firms

SHANGHAI (Reuters) - Private Chinese companies taking part in a scheme to reduce the state's dominance in building infrastructure are finding competition is coming from an unusual place - the government peers they are supposed to replace. Private-sector businessmen say they are losing out in most projects to state firms,...

Chinese economic cyber-espionage plummets in U.S.

SAN FRANCISCO (Reuters) - The Chinese government appears to be abiding by its September pledge to stop supporting the hacking of American trade secrets to help companies there compete, private U.S. security executives and government advisors said on Monday. FireEye Inc, the U.S. network security company best known for fighting...

EU lawmakers reject easing trade defences against China

BRUSSELS (Reuters) - EU lawmakers overwhelmingly rejected on Thursday any loosening of the bloc's trade defences against China without reforms of its economy, including a reduction on state influence over business. The European Union is debating whether to grant China "market economy status" (MES) from December, which Beijing says is...