China

China says wants closer military ties with Iran

BEIJING - China wants to have closer military ties with Iran, the Chinese defence minister told the visiting head of the Iranian navy on Thursday, state media reported, reaffirming diplomatic links despite controversy over Iran's nuclear plans.

UPDATE 1-China says wants closer military ties with Iran

BEIJING, Oct 23 - China wants to have closer military ties with Iran, the Chinese defence minister told the visiting head of the Iranian navy on Thursday, state media reported, reaffirming diplomatic links despite controversy over Iran's nuclear plans.

1:03pm IST

UPDATE 2-Sovereign wealth fund chief to lead China's CICC after chairman resigns

* Reshuffles at state-backed firms not unusual - analyst (Adds background)

12:54pm IST

China says wants closer military ties with Iran

BEIJING, Oct 23 - China wants to have closer military ties with Iran, the Chinese defence minister told the visiting head of the Iranian navy on Thursday, state media reported, reaffirming Beijing's diplomatic links with Tehran despite controversy over its nuclear plans.

11:41am IST

UPDATE 4-China flash HSBC PMI edges up in Oct but no indication of turnaround yet

* Analysts say more stimulus needed, differ on extent (Adds Japan factory survey)

11:26am IST

Chinese trainmakers set to go head to head for California deal

SHANGHAI, Oct 23 - China's CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd .

11:11am IST

China's capital outflows not a risk, in line with reforms - regulator

BEIJING - China's foreign currency regulator is not concerned by signs of forex outflows as the economy slows, the country's foreign exchange regulator said on Thursday, saying a recent decline in forex reserves is in line with Beijing's policy goals.

10:38am IST

China flash HSBC PMI edges up in Oct but no indication of turnaround yet

BEIJING - China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though analysts said the figure does not point to a fourth-quarter turnaround for the cooling economy.

10:21am IST

China shares fall to one-month low on liquidity concerns, HK edges lower

SHANGHAI, Oct 23 - China shares fell to one-month lows by midday on Thursday, dampened by concerns over liquidity amid a rush of initial public offerings as well as profit-taking pressure.

10:13am IST

China readies legal framework for carbon market, hefty fines possible

BEIJING, Oct 23 - China is planning hefty fines for companies that fail to comply with the rules of its national carbon trading market but has yet to decide how to set emission caps for big polluters, according to a draft government document seen by Reuters.

9:01am IST

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