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Saturday, September 5, 2015
China's stock rescue jolts companies, reform plans
Tonhe Electronics is a casualty of Beijing's frantic effort to stop a stock market bust. The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to promote, hoped to raise 200 million yuan (US$32 million) from an initial public offering of stock to build a research and development center.
Mainland China's market regulator has fined three companies, including Alibaba-linked Hundsun, a combined 453 million yuan ($71 million) for conducting "illegal securities business," which has been blamed for volatility on the plunging markets.
Friday, September 4, 2015
Chinese mainland leader Xi Jinping lauded his country as a major power and a force for world peace Thursday as he presided over a spectacular military parade marking the 70th anniversary of Japan's defeat in World War II.
World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in mainland China, tanking emerging economies and panicked global stock markets.
Thursday, September 3, 2015
Hong Kong teen faces trial over pro-democracy protest
Hong Kong teenage student leader Joshua Wong is set to face trial on charges relating to his role in storming government headquarters nearly a year ago in a protest that sparked monthslong pro-democracy street occupations.
Mainland China chemical factory blast toll rises to 5
The death toll from an explosion at a chemical factory in eastern China has risen to five and the cause of the blast is still under investigation, mainland Chinese state media reported Wednesday.
Mainland China has approved for release the first film with gay principal characters, the movie's director said, in what some are calling a breakthrough in the country's heavily censored media.
Wednesday, September 2, 2015
China's leadership fans smoldering antipathy toward Japan
By administrative order, dramas about resisting the Japanese wartime enemy will fill mainland Chinese TV channels this week as China celebrates -- including with a massive military parade -- the victory over Japan 70 years ago.
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After a series of flight disruptions by angry or unruly passengers, mainland Chinese media on Tuesday revealed a new menace to air travel in the country: fighting pilots.
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Blind and a prisoner in his own home, he escaped when a guard had a moment of inattention, feeling for obstacles and scrambling over walls, breaking his foot and crawling away covered in blood to find help.
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