Beijing's kindergarten crackdown is the latest disaster for China stocks

HONG KONG • First came the clampdown on shadow banks. Then it was gaming companies and drugmakers. Now education firms are in the Chinese government’s crosshairs, roiling stocks and reminding investors how quickly their fortunes can change in a country rife with regulatory risk. RYB Education and Bright Scholar Education both plunged by records in US trading, while Vtron Group […]

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Major hotels in China inspected after room cleaning expose

Residents passes by The Peninsula hotel which announced that it was investigating claims in an online video that supposedly showed the hotel cleaners using dirty towels to wipe cups and sinks in Beijing Friday, Nov. 16, 2018. The Chinese tourism ministry asked authorities in Beijing, Shanghai and three provinces to investigate room cleaning at 14 major hotels after hidden camera […]

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China says high-level trade talks with US have resumed

BEIJING — China’s Commerce Ministry says high-level trade talks between Beijing and Washington have resumed. A ministry spokesman, Gao Feng, said Thursday the two sides are “maintaining close contact” following a Nov. 1 phone call between President Xi Jinping and President Donald Trump. The two sides have raised tariffs on billions of dollars of each other’s goods in a dispute […]

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Boeing CEO: US, China mutually interested in successful aerospace ecosystem

Boeing CEO: China is very important to us Boeing CEO Dennis Muilenburg on the company’s supply challenges keeping up with growth, the company’s sales in China, the sector’s growth potential and the government’s defense spending. Dennis Muilenburg, chairman and CEO of Boeing — the world’s largest plane maker — said the aerospace industry is vital to the U.S and China […]

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White House adviser says U.S. talking again with China on trade

WASHINGTON (Reuters) – U.S. President Donald Trump’s top economic adviser said on Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the U.S. and Chinese governments,” National Economic Council Director Larry Kudlow told CNBC in an interview. “We’re talking to them again […]

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China auto sales fall in October, deepening slump

China's auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry's biggest market deepened. Continue Reading Below Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million units, the China Association of Auto Manufacturers reported Friday. Auto demand had been forecast to weaken after […]

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China's Xi tries to reassure the country's worried private companies

President Xi Jinping is attempting to reassure China’s private sector that it has nothing to fear from the state. Xi met entrepreneurs on Nov. 1, telling them they “should feel totally reassured” and offered tax breaks and financing help, state media reported. Analysts say Xi’s outreach, which comes amid the trade war with the United States and a slowing Chinese […]

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China’s Exports, Imports Rise More Than Forecast

China’s exports and imports increased more-than-expected in October as trade remained resilient, despite escalating trade disputes with the U.S. Exports grew 15.6 percent annually, the General Administration of Customs reported Thursday. Economists had forecast an increase of 11.7 percent, after a 14.5 percent rise in September. Shipments to the U.S. advanced 13.2 percent in October. At the same time, total […]

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