FBI employee gets two years in prison for acting as Chinese agent

By Nate Raymond NEW YORK, Jan 20 : A former FBI employee in New York was sentenced to two years in prison today after admitting that he illegally acted at the direction of a Chinese official to gather sensitive information. Kun Shan Chun, also known as Joey Chun, was also ordered by US District Judge […]

US lobby says China protectionism fuelling foreign business pessimism

By Michael Martina BEIJING, Jan 18 : More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying they have little confidence in China’s vows to open its markets. The American Chamber of Commerce […]

Capital curbs push Chinese firms to risky, costly dollar bonds

By Samuel Shen and John Ruwitch SHANGHAI, Jan 18 : China’s efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations. Despite the yuan’s nearly 7 percent […]

Trump nominee says China should be denied access to South China sea islands

By David Brunnstrom and Matt Spetalnick WASHINGTON, Jan 12 : US President-elect Donald Trump’s nominee for secretary of state set a course for a potentially serious confrontation with Beijing, saying China should be denied access to islands it has built in the contested South China Sea. In comments expected to enrage Beijing, Rex Tillerson yesterday […]

China’s ZTE to slash about 3,000 jobs -sources

By Sijia Jiang HONG KONG, Jan 10 : Chinese telecom equipment maker ZTE, which is facing U.S. trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the […]