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China's housing market correction is "sending shock waves through its economy'

Chinese policymakers have for a while been trying to deflate the nation's property bubble. While its housing market has been correcting, and prices are deflating at a moderate speed, it hasn't bottomed yet, according to Societe Generale analyst Wei Yao.

Foxconn, Apple-linked manufacturer reports another worker suicide

A Foxconn employee commited suicide Wednesday - the first since the company said it was improving work conditions after a spate of similar incidents two years ago.

China vows support for emerging industries to boost growth

The Chinese cabinet agreed Wednesday to support seven emerging industries that it considers strategic.

Fengshui master in court over Nina Wang's billion-dollar will

A former bartender, Tony Chan developed a career advising clients – including Wang, once Asia’s richest woman – on fengshui, an ancient Chinese belief system through which one can supposedly lead an improved life by harnessing spiritual and natural energies. 

Dalai Lama to give away $1.75MN award

The 76-year-old spiritual leader, Nobel laureate, and leader of a Tibetan government in exile in India was in London Monday to receive the Templeton Prize at St Paul’s Cathedral for his contribution to affirming life’s spiritual dimension.

Chen Guangcheng says China taking revenge on his family

According to Chen, both his brother and sister-in law have been placed under house arrest, his nephew is in police detention, and other half-dozen relatives face some form of restriction on their movements in their village in Shandong province.

Ferrari apologizes to China over ancient wall publicity stunt

The stunt left tire tracks on the ancient city wall, possibly permanently damaging the protected landmark, which was built during the early Ming dynasty. 

China court says Ai Weiwei can challenge $2.4MN tax bill

The fine for “back taxes” was imposed last year on a design company, Fake Cultural Development, founded by the 54-year-old. 

South Korea arrests Chinese sailors over Yellow Sea attack

South Korea’s coast guard said one official’s head was cut during the fight with Chinese sailors – who were armed with clubs and knives – while another was rescued after falling into the sea.

China approves supply dock project in disputed Paracel islands

The move is likely to inflame tensions between China and Vietnam, who both assert claims over the small islands and reefs in the area, which China has occupied since 1974.
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