Foxconn Technology Group faces a “challenging” task in trying to meet a July deadline for cutting work hours and improving union participation, said the labor monitor appointed by Apple Inc., its largest customer.
China’s stocks fell the most in three weeks after JPMorgan Chase & Co. cut its growth outlook for the nation’s economy and concern grew the government is introducing more property restrictions to limit gains in housing prices.
China’s largest oil producer defended plans for a chemical plant in southwestern Sichuan province, saying it will improve air quality by providing higher-standard oil products and curbing car-emission pollutants.
Swiss luxury watchmaker Piaget said its sales in China may grow less than 10 percent this year, the slowest in eight years, as Chinese consumers take advantage of the stronger yuan and travel overseas to buy premium goods.
China’s Sichuan province began a day of mourning for 196 people killed in an April 20 earthquake, with wailing sirens signaling the start of three minutes of silence at 8:02 a.m., the time the temblor hit.