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Asia-Pacific markets fell on Friday as investors on Wall Street continued to rotate out of tech stocks and take profits from the rally in equities in recent weeks.
SHANGHAI -- Chinese state-owned enterprises will invest 3 trillion yuan ($413.8 billion) over the next five years to upgrade their equipment, the government's supervisor for state assets said on Friday, as the country races to bolster its industrial supply chain as laid out in a key economic blueprint.
Apple was edged out of the top five smartphone vendors' list in China in the second quarter, as competition from domestic brands such as Huawei intensifies, according to a Canalys report.
It's hard to avoid giving your child a smartphone in this new digital age, but some parents around the world are looking to buck the trend and seek out guidance on how to protect their kids from the harms of smartphone use.
Russia and China flew strategic bombers in a joint patrol exercise near Alaska, the first time they had conducted air drills together in that area, a pointed signal to Washington of their deepening military ties.
Over the past 15 years, China has come to dominate the global market for solar energy. Nearly every solar panel on the planet is made by a Chinese company. Even the equipment to manufacture solar panels is made almost entirely in China. The country’s solar panel exports, measured by how much power they can produce, jumped another 10 percent in May over last year.
JAKARTA -- Indonesia has launched a "golden visa" that allows investors and professionals with coveted skills to stay in the country for five or 10 years.
Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending benchmarks to bolster stuttering economic growth.
WASHINGTON (Reuters) -- The United States imposed sanctions Wednesday on a China-based network for helping North Korea develop its ballistic missile and space programs, the U.S. Treasury Department said.