China curbs housing development to fight supply glut
BEIJING -- China has moved to bar housing construction in some areas in its latest attempt to shrink a mountain of unsold homes that is weighing on prices.
KENTARO SHIOZAKI in asian news
Russia trade isolation grows as Chinese banks cut payments
BEIJING -- Russian trade is suffering a major blow as the U.S. threatens sanctions on banks in third countries, including China, seen to be facilitating Moscow's war efforts in Ukraine.
China banks move to halt sales of large time deposits
BEIJING -- Chinese commercial banks increasingly are suspending sales of large time deposits as they look to reduce costs amid a tougher business environment.
China manufacturing rebound brings trade frictions with West
BEIJING -- A recovery in China's manufacturing activity has buoyed the economy while also creating frictions with the West, as companies flood overseas markets with cheap goods amid anemic domestic demand.
China's weak yuan forces central bank to hold rates steady
BEIJING -- China's central bank has kept key lending rates unchanged again as its monetary easing options are narrowed by the yuan's recent weakness against the dollar, which has risen on the delayed outlook for U.S. rate cuts.