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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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Alibaba Taobao China media news Tech Top News 

China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown

August 17, 2017 By Cate Cadell BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Five websites have been asked to carry out immediate “self-examination and correction” to remove vendors that sell illegal virtual private networks (VPNs), according to a notice posted by the Zhejiang provincial branch of the Cyberspace Administration of China (CAC), China’s top cyber regulator. Some of them were…

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China Economy Japan month Top News United States 

Japan’s exports rise in July, underpin strengthening economy

August 17, 2017 By Leika Kihara TOKYO (Reuters) – Japan’s exports rose for an eighth straight month in July on robust shipments to the United States and a boost from a weak yen, a sign overseas demand rebounded from a lull in the previous quarter to underpin a steady economic recovery. The data underscores the Bank of Japan’s view the world’s third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-led recovery. Imports rose for the seventh straight month on brisk demand for personal…

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China Future Mobility Corp Nissan Motor Co president Tech Top News 

China e-car newcomer Future Mobility raises $200M in new financing

August 16, 2017 BEIJING (Reuters) – A Chinese-funded electric-car startup Future Mobility Corp, led by former BMW and Nissan Motor Co sales executive as president and co-founder, has raised $200 million in its latest round of financing. Daniel Kirchert, Future Mobility’s president, told Reuters in an interview main investors in its new financing round include Fullshare Holdings Ltd and Zijin Venture Capital. He said most of the money will be used for product development. Future Mobility has said it plans to launch three models. The first, a premium midsize crossover…

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China Economy media Top News U.S. United States 

China state media says U.S. trade probe will hurt both countries

August 15, 2017 SHANGHAI (Reuters) – A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said on Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s alleged theft of intellectual property that administration officials said could have cost the United States as much as $600 billion. U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on…

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China Economy Mao Shengyong National Bureau news Top News 

China’s stable economic performance should continue in second half: stats bureau

August 14, 2017 BEIJING (Reuters) – China’s stable economic performance should continue in the second half of this year and the overheated property market has cooled somewhat, a spokesman of National Bureau of Statistics said on Monday. China created 8.55 million new jobs in the January-July period, and the July survey-based unemployment rate in major cities was under 5 percent, Mao Shengyong told a news conference. (Reporting by Elias Glenn; Editing by Jacqueline Wong) Powered by WPeMatico

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China Economy Monday Politico month Top News Trade Act 

Trump to ramp up trade pressure on China with call for probe on Monday

August 12, 2017 By Lesley Wroughton WASHINGTON (Reuters) – President Donald Trump on Monday will order his top trade adviser 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 asked China to do more to crack down on North Korea’s nuclear missile program as he threatens possible military action against Pyongyang. Trump has said…

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China Economy Monday Politico month Top News Trade Act 

Trump to call for China IT trade probe on Monday: Politico

August 12, 2017 WASHINGTON (Reuters) – President Trump will call on Monday for his chief trade adviser to investigate China’s intellectual property practices, Politico reported, citing an unnamed administration official. Trump had been expected to call for a so-called Section 301 investigation under the 1974 Trade Act earlier this month, but action had been postponed as the White House pressed for China’s cooperation in reining in North Korea’s nuclear program. Politico said it was not clear how much detail Trump would provide in his announcement, but that administration officials expected…

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China cyber internet investigating Tech Top News 

China cyber authority says Baidu, Tencent, Weibo platforms under investigation

August 11, 2017 BEIJING (Reuters) – China’s top cyber authority said on Friday it is investigating several of China’s most popular internet platforms over breaches of cyber laws. The investigation includes China’s most popular social media platforms, Tencent Holdings Ltd’s WeChat and Weibo Corp, as well as Baidu Inc’s forum site Tieba. The Cyberspace Administration of China accuses the sites of failing to remove violent and obscene content, as well as terrorism content and false news, according to local regulations. (Reporting by Cate Cadell; Editing by Neil Fullick) Powered by…

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China Economy government month spending Top News 

Growth in China’s fiscal spending slows in July

August 11, 2017 BEIJING (Reuters) – Government spending in China rose 5.4 percent in July from a year earlier, while revenue increased 11.1 percent, the Ministry of Finance said on Friday. July’s growth rate dropped sharply from 19.1 percent in June, although revenue growth rose from 8.9 percent in that month. Government spending in the first seven months of the year rose 14.5 percent from a year earlier, while revenues increased 10 percent. (Reporting by Beijing Monitoring Desk) Powered by WPeMatico

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