China’s Communist Party fired a vice chairman of the economic planning agency who is suspected of “severe disciplinary violations,” after a Chinese journalist posted allegations that he had improper business dealings.
Visiting China in 1928, when a rising Japan had begun to prey on its neighbor, the Japanese poet Akiko Yosano took a surprisingly broad-minded view of anti-Japanese passion among the Chinese: “It’s surely frightful from the imperialists’ point of view,” she wrote in her travelogue, “but for the Chinese people it must be celebrated in the name of humanity.”
Kweichow Moutai Co., China’s largest maker of baijiu liquor, said first-quarter profit rose 21 percent, less than half the pace of the year-earlier period as President Xi Jinping pushes to curb extravagant spending by government officials.
China Mobile Ltd.’s plan to buy part of Far EasTone Telecommunications Co., the first investment by a Chinese state-owned company in Taiwan in six decades, collapsed after the island wouldn’t ease ownership curbs.
The U.S. and China agreed to work together toward persuading North Korea to abandon its nuclear pursuits in a move that highlighted China’s growing frustration with a long-standing yet volatile Communist ally.
The U.S. and China pledged to work together toward convincing North Korea to abandon its nuclear pursuits in a move that highlighted China’s growing frustration with a long-standing yet volatile Communist ally.
China Development Bank Corp. Chairman Chen Yuan will step down, handing the reins of the world’s largest policy lender to Bank of Communications Co.’s Hu Huaibang, said two people with knowledge of the matter.