Activity in China's manufacturing sector unexpectedly picked up in September even as factory employment slumped to a 5-1/2-year low, a survey showed on Tuesday, a potential source of worry for Communist leaders who prize social stability above all else.
China
Huawei to invest $4 billion in fixed broadband R&D in next three years
Huawei Technologies Co Ltd [HWT.UL], the world's largest telecommunications equipment maker, said it would invest more than $4 billion in fixed broadband technology research and development (R&D) in the next three years.
China, Spain to sign business deals worth $3.8 billion: official
China and Spain are set to sign business deals worth a total of about 3 billion euros ($3.8 billion) in Beijing this week, an official said, as Spanish Prime Minister Mariano Rajoy visits the Asian giant to drum up support for his country's economy.
China to cut cotton import quotas to boost demand for domestic fiber
China, the world's top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fiber, a senior official said on Monday, driving futures prices in both China and the United States lower.
Alibaba's Jack Ma rises to top of China rich list as tech tycoons gain
Jack Ma, executive chairman of Alibaba Group Holding Ltd (BABA.N), has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.
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Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.
Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year.
China will continue leading a prudent monetary policy with focus on targeted easing measures, Premier Li Keqiang said, according to a statement published on a central government website.
China does not need strong policy stimulus as long as economic growth hovers within the government's targeted range, a policy adviser to the People's Bank of China said on Thursday, an indication Beijing will continue with targeted steps to support growth.
China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.
China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy.
More refined zinc is likely to be shipped from bonded warehouses in China to warehouses approved by the London Metal Exchange in Asia in the fourth quarter as tight credit crimps domestic demand at a time of increased imports, traders said.
Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanor of a metalworker's son.
