China shares fall as economic pulse slows

By Samuel Shen and Pete Sweeney SHANGHAI, Feb 1 : Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite for markets from the country’s economic drift. The Shanghai Composite Index eased 1.8 percent, while the CSI300 index of […]

Leading China pastor probed for suspicion of embezzling funds – church authorities

By Megha Rajagopalan BEIJING, Jan 31 : One of China’s leading Christian pastors Gu Yuese is being probed for suspicion of embezzling funds, state-backed church authorities in Zhejiang province said, a move that comes after the pastor opposed a campaign to remove crosses from atop churches. “We feel deeply shocked and filled with regret,” the […]

Mid-tier Chinese banks piling up trillions of dollars in shadow loans

By Shu Zhang and Matthew Miller BEIJING, Jan 31 : Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the scale and risks of their lending to China’s slowing economy. The size of this ‘shadow loan’ […]

US warship sails near island claimed by China in South China Sea

By Phil Stewart and Nathaniel Taplin WASHINGTON/SHANGHAI, Jan 30 : A US Navy destroyer sailed within 12 nautical miles of an island claimed by China and two other states in the South China Sea today to counter efforts to limit freedom of navigation, the Pentagon said. China claims most of the South China Sea, through […]

US warship sails near island claimed by China in South China Sea

By Phil Stewart WASHINGTON/SHANGHAI, Jan 30 : A US Navy destroyer sailed within 12 nautical miles of an island claimed by China and two other states in the South China Sea today to counter efforts to limit freedom of navigation, the Pentagon said. China claims most of the South China Sea, through which more than […]

US warship sails near island claimed by China in South China Sea

By Phil Stewart WASHINGTON, Jan 30 : A US Navy guided-missile destroyer sailed within 12 nautical miles of an island claimed by China and two other nations in the South China Sea today, in an operation the Pentagon said aimed to challenge efforts to restrict freedom of navigation. China claims most of the South China […]