China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Transportation

China high-speed rail operator forced to hike fares as debt balloons

Rapid expansion leaves China Railway with $859bn in debt along with unused stations

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
Under President Xi Jinping, China has intensified efforts to protect national security and prevent espionage.
Companies

China's indictment of Astellas worker alarms Japanese businesses

Opaque espionage crackdown spurs concern over employee safety

22 August 2024
Neither Astellas nor Japan's Foreign Ministry disclosed what charges the employee has been indicted on.
Companies

Japan drugmaker Astellas says employee indicted by China prosecutors

Man has been detained since March 2023 on suspicion of espionage

21 August 2024
Macao Chief Executive Ho Iat Seng, center, attends a tech event in the former Portuguese colony in May. He surprised observers on Aug. 21 by announcing that he would not seek reelection in October due to "health reasons." (Photo by Kensaku Ihara) 
Politics

Macao leader Ho Iat Seng says he will not seek second term

Chief cites health for unusual decision less than 2 months before election

21 August 2024
The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
As of end March, U.S. retailer Walmart held a 9.4% stake in JD.com, making it the No. 2 shareholder after the Chinese company's founder. It has now sold it all. (Source photos by AP)
Business deals

JD.com stock drops as Walmart unloads stake for estimated $3.6bn

U.S. retailer says it wants to focus on its own China operations

21 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024
Turkish President Recep Tayyip Erdogan, left, meets with Chinese President Xi Jinping at the Shanghai Cooperation Organization Summit in Kazakhstan on July 4. (Turkish presidency)
International relations

Turkey lauds improvement in relations with China after long stagnation

President Erdogan reveals possible visit in 2025 by counterpart Xi

21 August 2024
Profit margins at Chinese commercial banks have hovered around a record low for months.
Economy

China lending at 15-year low as central bank holds rates

Real estate slump continues to squeeze financing demand

21 August 2024
People try out iPhone products at an Apple Store in Beijing. 
Opinion

China must decide whether to rein in exploitive 'Apple Tax'

Pushback by Tokyo and Seoul against tech group show Beijing the way forward

21 August 2024
A group of U.S. lawmakers warned of the possibility of forced participation of Uyghurs in clinical trials conducted in China's Xinjiang region.
Pharmaceuticals

American clinical trials in China questioned by U.S. lawmakers

House members cite risks of intellectual property theft and forced use of Uyghurs

21 August 2024
China's three state-owned telecom operators are gearing further towards higher dividend payments and lower capital expenditure. (Photo by Kenji Kawase)  
Telecommunication

China Telecom, China Mobile hike dividends under Beijing pressure

Payout ratios to go beyond 75% for state-owned telecos as need to invest recedes

21 August 2024
Indian External Affairs Minister Subrahmanyam Jaishankar and Japanese Foreign Minister Yoko Kamikawa are part of a press conference in Tokyo during July.
Defense

Japan and India hold third '2-plus-2' security talks

Tokyo considers communications exports as top diplomats, defense ministers meet

20 August 2024
People view the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle (EV) maker Nio's new lower-priced brand, in Shanghai in May.
Opinion

China's EV makers can't follow Japan's 'flying geese' offshoring strategy

As domestic demand cools, automakers turn to exports but face protectionist headwinds

20 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
Black Myth: Wukong, which one analyst called China's "first full-fledged game" for consoles, was developed by Tencent-backed Hangzhou startup Game Science.
Media & Entertainment

Black Myth: Wukong hits PS5s and PCs in Chinese industry 'milestone'

One of this year's hottest console games raises hopes for sector's development

20 August 2024
Indian Prime Minister Narendra Modi, left, and Chinese President Xi Jinping meet on the sidelines of the G20 summit in Osaka in 2019.
Economy

India economic report card triggers debate over China investment

Influential annual review encourages Delhi to loosen FDI rules to boost growth

20 August 2024
Sushiro's first Beijing location features a large touch screen for ordering. (Photo by Shunsuke Tabeta)
Food & Beverage

Sushi chain Sushiro rolls into Beijing with private rooms, sashimi platters

Restaurant positions itself as an affordable choice for lovers of Japanese food

20 August 2024
In May, China Southern Airlines opened direct flights from Shenzhen to Mexico City, the company’s longest passenger route.
Transportation

China-Mexico flights reopen amid manufacturers' Latin American push

BYD's plans for new plant in the country could further boost air travel demand

20 August 2024
Attendees at the latest Financial Working Group pose for a photo in Shanghai. (People's Bank of China)
Economy

U.S., China agree to work more closely in times of financial stress

The fifth Financial Working Group meeting concluded as trade tensions rise

20 August 2024
Chinese President Xi Jinping, right, hosts Vietnam's President To Lam at a signing ceremony at the Great Hall of the People in Beijing on Aug. 19.
International relations

Xi Jinping meets Vietnam's new leader To Lam to renew 'priority' ties

South China Sea rivals sign 14 deals, from railways to crocodile and durian trade

19 August 2024
Wagons filled with iron ore enter Rio Tinto's railyard near Karratha, 1,250 kilometers northeast of Perth, Australia, on Oct. 20, 2023. Australia shipped $138 billion of iron ore in the year through June.
Commodities

Australia warns of $2bn budget hole as iron ore slumps on China woes

Concerns elevated after bleak outlook from largest steelmaker

19 August 2024
A Chinese Coast Guard vessel is seen from a Philippine Coast Guard ship near Second Thomas Shoal in the South China Sea on March 5.
19 August 2024
Fashion Momentum Group's Benlai brand is taking aim at Lululemon with yoga pants for women. (Photo by Itsuro Fujino)
Retail

China's answer to Zara has a sister brand that ditches jeans for yoga pants

FMG's Benlai chain adds more Chinese stores and plans overseas debut in Thailand

19 August 2024