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Beijing China Economy month National Bureau Top News 

China’s new home price growth continues to slow in July

August 18, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Growth in new home prices slowed in China in July with Beijing prices down for a second straight month, reinforcing expectations of further slowing later this year. Government restrictions to keep prices in check weighed on larger cities, with July showing the slowest growth since August 2016. Smaller centers pulled back but remained robust. New home prices growth in Tier-3 cities fall to 0.6 percent from 0.9 percent in June, the National Bureau of Statistics (NBS) said in…

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advisor Beijing Economy Herbert Smith Freehills Thomson Reuters Top News 

China’s Belt and Road acquisitions surge despite outbound capital crackdown

August 16, 2017 By Kane Wu and Sumeet Chatterjee HONG KONG (Reuters) – Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China’s acquisitive conglomerates to restrict capital outflows. Chinese acquisitions in the 68 countries officially linked to President Xi Jinping’s signature foreign policy totaled $33 billion as of Monday, surpassing the $31 billion tally for all of 2016, according to Thomson Reuters data. Unveiled in 2013, the Belt and Road project is aimed…

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Beijing China Daily Economy North Korea President Donald Trump Top News 

Chinese state newspaper says Trump trade probe will ‘poison’ relations

August 14, 2017 BEIJING (Reuters) – U.S. President Donald Trump’s order to his top trade adviser to investigate supposedly unfair Chinese trade practices will “poison” relations between the two countries, a Chinese state-run newspaper said on Monday. Trump will later on Monday issue the order to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said on Saturday. The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump has…

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Beijing China Economy President Donald Trump Top News WTO 

In rare bipartisan display, Democrats back Trump on China trade probe

August 3, 2017 By David Lawder and Lesley Wroughton WASHINGTON (Reuters) – Three top Democratic senators, in a rare show of bipartisanship, on Wednesday urged U.S. President Donald Trump to stand up to China as he prepares to launch an inquiry into Beijing’s intellectual property and trade practices in coming days. Senate Democratic leader Chuck Schumer pressed the Republican president to skip the investigation and go straight to trade action against China. “We should certainly go after them,” said Schumer in a statement. Senators Ron Wyden of Oregon and Sherrod…

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Beijing Business China Economy industry Top News 

Growth in China’s services sector slows in July: Caixin PMI

August 3, 2017 BEIJING, (Reuters) – China’s services sector expanded at a slightly slower pace in July as new business growth eased, a private business survey showed on Thursday, pointing to potential softening in a key part of the world’s second-largest economy. The findings were in line with an official gauge of the non-manufacturing sector published on Monday which also showed growth in the services sector cooled, adding to views that China’s economy could slow slightly in coming months after a strong start to the year. The Caixin/Markit services purchasing…

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Apple Pay Beijing Business Greater China internet 

Apple doubles down on China as rivals pull ahead

August 1, 2017 By Adam Jourdan and Pei Li SHANGHAI/BEIJING (Reuters) – Apple Inc is binding itself more closely to China as its share of the world’s biggest smartphone market slips and it becomes more reliant on selling services which require government approval. A flurry of recent action by Cupertino-based Apple underlines its push to get on the right side of China’s notoriously tough tech regulators, as it looks to revive sales there. This weekend it moved to block apps used to evade the country’s internet censors, a decision that…

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Beijing Business China Economy month Top News 

China factory activity accelerates in July on strong export orders: Caixin PMI

August 1, 2017 BEIJING, August 1 (Reuters) – Growth in China’s manufacturing quickened in July, a private survey showed on Tuesday, as output and new orders rose at the fastest pace since February on strong export sales. But even as firms boosted purchasing in anticipation of more business, employment levels at factories fell at the fastest pace in 10 months and a reading on business outlook was the lowest since last August – a sign that economic momentum may start to ebb in the months ahead. The Caixin/Markit Manufacturing Purchasing…

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Beijing Business China Economy month Top News 

China factory activity accelerates in July on strong export orders: Caixin PMI

August 1, 2017 BEIJING, August 1 (Reuters) – Growth in China’s manufacturing quickened in July, a private survey showed on Tuesday, as output and new orders rose at the fastest pace since February on strong export sales. But even as firms boosted purchasing in anticipation of more business, employment levels at factories fell at the fastest pace in 10 months and a reading on business outlook was the lowest since last August – a sign that economic momentum may start to ebb in the months ahead. The Caixin/Markit Manufacturing Purchasing…

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Beijing China Economy Top News U.S. United States 

China says no link between North Korea and China-U.S. trade

July 31, 2017 BEIJING (Reuters) – There is no link between North Korea’s nuclear program and China-U.S. trade, a senior Chinese official said on Monday, after U.S. President Donald Trump said China had done nothing for the United States on North Korea. Trump, in tweets on Saturday, said America’s “foolish past leaders” had allowed China to make billions of dollars a year in trade and that he was disappointed in Beijing for not solving the problem. Trump made the comments after North Korea said it had conducted another successful test…

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Beijing Business Cardinal Health China China Resources Holdings Shanghai Pharma 

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

July 20, 2017 By Julie Zhu and Kane Wu HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are among those wanting to buy Cardinal Health China, one of the nation’s largest drug distributors, said the first source who had direct knowledge…

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