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Apple's biggest rival in China sold $335 million worth of phones in just 12...
Xiaomi, the red-hot startup often referred to as the "Apple of China," sold more than 2 million smartphones in a 12-hour flash sale.The company on Wednesday held a "Mi Fan Festival" to commemorate its...
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China explains why it's building islands in the South China Sea
China on Thursday sketched out detailed plans for the islands it is creating in the disputed South China Sea, saying they would be used for military defense as well as to provide civilian services that...
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China's arms exports have exploded over the last 15 years
China's arms export trade has been booming. In the 2010-2014 time period, Beijing rose to become the world's third largest weapons exporter, according to the Stockholm International Peace Research...
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The US may supply India with state-of-the-art aircraft carrier technology
India's newest aircraft carrier could be equipped with state-of-the-art American technology. Defense Undersecretary Frank Kendall, who also oversees US-India defense trade, told Reuters on April 3rd...
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China is planning to build a railway under Mount Everest
Chinese foreign minister Wang Yi is considering extending a rail line from the Tibetan capitol of Lhasa to Kathmandu in Nepal, and tunneling under Mount Everest to do so, AFP reports. The project would...
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A Bloomberg analyst just traveled across China and came back with a serious...
This is ominous. According to a report from Bloomberg's Timothy Coulter, Bloomberg Intelligence analyst Kenneth Hoffman just spent a week traveling across China and he came back with a really gloomy...
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China consumer inflation stays at 1.4 percent year-on-year in March
SHANGHAI (Reuters) - China's consumer inflation stayed flat at 1.4 percent in March, while producer prices fell slightly less than projected, official data showed on Friday, keeping pressure on profit...
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China has 41 brand new billionaires thanks to a surge in share prices
The recent surge in share prices on the mainland has created at least 41 new super-rich people in the nation whose individual net worth exceeded US$1 billion during the past two months, Forbes business...
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South Korea and Japan set to resume security talks after a 5-year hiatus
SEOUL (Reuters) - Senior officials of South Korea and Japan will resume security talks next week after more than five years, with the hope of normalizing dialogue despite recent diplomatic spats.South...
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The $20,000 gold Apple Watch Edition sold out in China in less than an hour...
The Apple Watch Edition has already sold out in China — and it took less than an hour for the most luxurious gold version of the device, which reportedly costs 126,800 yuan ($20,000), to get completely...
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Australian miner Atlas is the first major victim of the iron ore price crash
The crash in the iron ore price, driven by softening Chinese demand, has claimed its first major victim.After entering into a trading halt on Tuesday, mid-tier Australian iron ore miner Atlas Iron will...
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Here's how to think of China's new Asian Infrastructure Investment Bank
One of the more interesting and fun assignments I had while working in the research department of the World Bank was to travel around India and interview local government officials about their...
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Why slower growth is good for China
After four disappointing years, Chinese economists have realized that slowing GDP growth – from a post-crisis peak of 12.8% in 2010 to about 7% today – is mainly structural, rather than cyclical. In...
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Chinese unveil 'The Great Cannon,' an offensive hacking and censorship program
Chinese Internet censors have developed an “offensive system” that makes it possible for them to knock international websites offline and install malicious software on computers around the world, says...
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A 'crazed' fan invaded a race track in China and tried to drive a Ferrari
Shanghai (AFP) - A track invader sparked a security panic during Friday's free practice at the Chinese Grand Prix after climbing over the pit wall and demanding to test-drive a Ferrari.The fan scaled a...
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Larry Summers has a major warning about the US economy
This is a big deal.On Monday, we published Larry Summers' latest op-ed in The Washington Post, which opened with the former Treasury Secretary and Harvard president writing,"This past month may be...
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The US has allegedly promised to support China's campaign to hunt down...
BEIJING (Reuters) - The United States has promised support for China's campaign to hunt corrupt officials fleeing abroad, the official Xinhua news agency reported late Friday, after meetings between...
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Chinese Apple arch-rival Xiaomi just sold a crazy amount of phones (AAPL)
Xiaomi, the red-hot startup often referred to as the "Apple of China," sold more than 2 million smartphones in a 12-hour flash sale.The company on Wednesday held a "Mi Fan Festival" to commemorate its...
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More doubts about the U.S. and China than the euro zone
FRANKFURT (Reuters) - Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.As finance...
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China just revealed a terrifying new cyberweapon
China's determination to censor information inside the country is exemplified by the world's largest digital cordon, known as the Great Firewall.People who try to gain access to Facebook in China, or...
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