Britain’s national security adviser is to clear China’s Huawei Technologies Co. of leaving its equipment open to Chinese spying, while recommending that British agencies look at how they can tighten procedures.
China’s stocks rose to the highest level since October, led by steel, material and drug companies, as a drop in money-market rates eased concern of a cash squeeze before the resumption of initial public offerings next month.
Rockwood Holdings Inc., the world’s largest producer of lithium products, agreed to form a joint venture with China’s Chengdu Tianqi Industry Group Co. that will give it a stake in Tianqi’s Australian mining unit.
U.K. Prime Minister David Cameron called for the European Union to open talks with China on a full-scale trade deal, as the bloc seeks to curb Chinese goods that EU officials say are being dumped and subsidized.
China’s stocks climbed for the first time in five days as brokerages led gains among financial companies, while rising tensions over a new air defense zone spurred an advance for defense-related companies.
The Communist Party can’t wait to see the back of Gary Locke, the outgoing U.S. ambassador who ruffled many a feather during his two-plus years in Beijing. The 1.2 billion Chinese who aren’t party members should be begging him to stay.