China News

Beijing - China will launch a trial programme for private firms to set up banks, the country's banking regulator said Tuesday, with Internet giants Tencent and Alibaba reportedly among the first applicants.Most Chinese lenders are state-controlled and banks foun...

Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy the U.S. company's server business had yet to be finalized.

Kuala Lumpur - Dozens of ships and aircraft from multiple nations scoured an expanded swathe of Southeast Asia Tuesday for any sign of a Malaysian jet that vanished with 239 people on board, as frustration mounted over the baffling disappearance.Authorities had annou...

Hong Kong - The family of Muktesh Mukherjee, a passenger on board the missing Malaysia Airlines plane, are praying that disaster has not struck twice.The 42-year-old's grandfather, a former Indian government minister, was killed in a plane crash on the outskirts o...

China will launch pilot programs testing the development of privately owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.

Singapore - Nearly three days after it disappeared while en route from Kuala Lumpur to Beijing, mystery still shrouds the fate of Malaysia Airlines flight MH370 and the 239 people on board.No debris from the Boeing 777-200ER has been recovered despite an internati...

Shanghai - China's bank lending halved in February from January, the government said Monday, amid worries over a near-default on a financial product structured by the risky trust sector.Domestic banks extended 644.5 billion yuan ($105.0 billion) in new loans last...

Shanghai - China's auto sales eased in February from a record high in January as the long Lunar New Year holiday affected the market, an industry group said Monday.Auto sales in China -- the world's biggest car market -- rose 17.8 percent last month from a year a...

Kuala Lumpur - Malaysia has dispatched ships to investigate the sighting of a floating object that could be a life raft, as it continues to hunt for a missing airliner, an official said Monday."There was a report today that we just received that an aircraft had seen ...

Shanghai - A total of 72 people died from the H7N9 bird flu strain in China in the first two months of this year, government figures showed, far more than in the whole of 2013.China reported 41 deaths and 99 cases of H7N9 avian influenza in February alone, the Na...