UnionPay: its days of domination may be under threat after a complaint in 2012 by the United States to the World Trade Organisation

The Chinese payment system UnionPay, operated by the People’s Bank of China and owned by the about 85 domestic banks, which dominates the credit card (...)

Rescue workers search on a sunken ship in the Jianli section of Yangtze River, Hubei province. Photograph: Reuters 0:51

Divers have pulled two people alive from inside a capsized cruise ship in China and are preparing to rescue at least four more, state broadcaster CCTV(...)

Investors look at computer screens showing stock information at a brokerage house in Fuyang, Anhui province, China. Photograph: Reuters/China Daily

Late last week, shares on the CSI 300 index hit a seven-year high and their biggest weekly gain (nearly seven per cent) in two months. Investors are c(...)

A construction site in Qingdao in China’s Shandong province: Premier Li Keqiang has urged local officials to  avoid bureaucratic delays on infrastructure projects. Photograph: AFP/Getty Images

It’s all about infrastructure spending in Asia at the moment, with many economies in the region expanding their investment in transport, communication(...)

 Chinese President Xi Jinping:  crackdown on  decadent bourgeois pastimes and luxury lifestyles. Photograph: EPA/FENG LI

Once banned as a decadent bourgeois pastime by chairman Mao Zedong, golf enjoyed a brief purple patch during the heady days of the noughties boom, but(...)

The cement industry in China is getting dangerously close to a glut.  Photograph: Bloomberg

These are hard times for China’s cement industry. Last week, the government issued a decree ordering officials to halt the development of new cement a(...)

Residential construction  in  Guangzhou, Guangdong Province: new home prices in China’s four major cities are on the rise. Photograph: Brent Lewin/Bloomberg

One piece of news sure to be welcomed by the BRICS countries is news that China’s economy seems to be expanding at a faster rate than before, and was (...)

A labourer works beside a logo of Bank of China: report has prompted speculation that the government is getting ready for a new campaign to tighten up capital outflow controls. Photograph: Reuters

It’s not common for the state-owned Chinese Central TV (CCTV) to blow the whistle on an equally powerful government-owned monolith, especially when th(...)

A voter carries her dog as she joins others lining up outside a polling station during an unofficial referendum in Hong Kong yesterday. Photograph: Reuters/Bobby Yip

More than 668,000 Hong Kong people have voted after the third day of a democracy poll that China says is illegal, dwarfing the most optimistic forecas(...)

Qingdao port, Shandong province: the People’s Bank of China will encourage banks to lend more to exporters to boost shipments. photograph: china stringer network/reuters

China’s economy continues to expand, but at a slower rate than previously – GDP rose 7.4 per cent in the first quarter, year on year, the slowest rate(...)