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The deal was signed on Friday and is likely to be announced on Monday.

SAIC Motor to Build Audi Cars in China

Nov 13, 2016 01:15 PM EST

China's SAIC Motor Corp has inked a deal with Audi AG, which may see the Chinese company producing the luxury cars. The deal was signed on Friday and is likely to be announced on Monday.

The fossil was spotted by a farmer and construction workers.

New Species of Bird-Like Dinosaur Unearthed in China

S. Rina |

Nov 11, 2016 01:56 PM EST

A preserved fossil of a new species of dinosaur has been discovered in China. The fossil was spotted by a farmer and construction workers. The specimen is nearly two meters long and has a toothless beak with wing-like arms. It has been named Tongtianlong limosus, which means "muddy dragon on the road to heaven."

The decision has been taken despite the rise in coal prices due to limited supply.

China to Maintain Coal Output Limits Until March 2017

S. Rina |

Nov 11, 2016 01:50 PM EST

China has announced that it would place limits on coal output until the end of March next year. The decision was made despite the rise in coal prices due to limited supply. The move is likely to curb the speculative practices in the market.

China Warns Trump Against Isolationism, Military Intervention

S. Rina |

Nov 11, 2016 01:41 PM EST

China's state-sponsored media has cautioned the newly-anointed president-elect of the US against the policies of interventionism and isolationism. Donald Trump was encouraged to actively engage with China to maintain the status quo.

China is one of the leading contender for taking up high speed rail projects in India.

India May Choose Japan Over China for Second High Speed Rail Contract

S. Rina |

Nov 11, 2016 12:39 PM EST

India and Japan are looking to boost the cooperation between two countries. It is likely that authorities from the two countries may discuss India's second high-speed rail contract during Prime Minister Narendra Modi ongoing two-day visit to Japan.

The rise was higher than expected and was caused by imploding food prices.

China Consumer Inflation for October Increases More Than Expected

S. Rina |

Nov 10, 2016 01:04 PM EST

China's consumer inflation increased for the second-straight month in October. The rise was higher than expected and was caused by imploding food prices. However, it remained below the official upper limit. The rate of increase was the highest in six months.

The yuan hit a new six-year low on Wednesday.

Chinese Yuan at Lowest in 6 Years Following Trump's Victory

S. Rina |

Nov 10, 2016 12:53 PM EST

Donald Trump's victory led to the Chinese yuan plunging to a six-year low. The fall is due to concerns about Trump's protectionist trade policies. The Chinese yuan seems to be heading for its third annual loss. The currency is down 4.4 percent this year.

Manchester United captain declined the offer to stay with his current team.

Wayne Rooney Turned Down Offer to Join Beijing Guoan

S. Rina |

Nov 10, 2016 12:38 PM EST

Luo Ning, honorary chairman of Beijing Guoan, claims that the club approached Wayne Rooney at the beginning of the season. However, Manchester United captain declined their offer and opted to stay with his current team. Rooney still has three years left on his current contract.

China Cautions Online Retailers Against Suspicious Singles Day Sales Tactics

S. Rina |

Nov 09, 2016 04:12 PM EST

Chinese business regulators have issued a stern warning to online retailers. Major e-commerce companies such as JD, Amazon, and Alibaba Group Holding have been told to refrain from adopting dubious sales practices during the upcoming Singles Day festival on November 11.

It will also regulate the promotion of the film industry.

China Enacts new Film Law to Fight Box Office Frauds

S. Rina |

Nov 09, 2016 02:57 PM EST

China has passed a new law to govern film content and regulate the promotion of the film industry. The film law was approved by the National People's Congress standing committee at a meeting in Beijing. This is the first instance of a formal legislation for China's film industry.

China Collaborates With Total for Iran Gas Deal

S. Rina |

Nov 09, 2016 02:51 PM EST

China and Total SA have signed a gas deal with Iran. The deal marks the first natural gas joint venture for Iran after the U.S. eased the sanctions it imposed on the country. The agreement is related to the 11th phase of the offshore South Pars gas field.

Chinese yuan continues to depreciate and exports continued to shrink in October.

China Forex Reserve Declines Following Weaker Yuan

S. Rina |

Nov 08, 2016 10:41 PM EST

China adjusted its yuan exchange rate upward against dollar this Monday. However, the weaker currency has been accompanied by unexpected fall in exports. The country's exports have fallen 7.3 percent in the past year. Its imports are also low on the year over year basis.

A $12.4 billion agreement between Scotland and Chinese firms SinoFortone Group and China Railway No. 3 Engineering Group (CR3) has been called off.

China Admonishes Scotland over Collapsed $12.4 Billion Deal

S. Rina |

Nov 08, 2016 10:20 PM EST

A deal signed between Scotland and China has apparently been called off. Both parties have exchanged blame over the collapsed $12.4 billion deal. The agreement was signed by Scotland with SinoFortone Group and China Railway No. 3 Engineering Group (CR3). The opposition parties in Scotland had raised concerns about the collaboration.

China plans to use more coal with capacity set to increase by up to 19 percent.

China to Increase Coal Sector Capacity by 19%

S. Rina |

Nov 08, 2016 08:18 PM EST

China is set to increase its coal use, raising the sector's capacity by 19% over the next five years. It is expected that the coal fired plant capacity will still remain below 1,100 gigawatts mark. The country also intends to increase its non-fossil power by 48 percent to 770 gigawatts by 2020.

The China's standing committee of the parliament has introduced a new cyber security law on Monday despite receiving strong opposition from foreign firms.

China Enacts New Cyber Security Law Amidst Foreign Opposition

S. Rina |

Nov 08, 2016 06:43 PM EST

Chinese government approved a new cyber security law, rattling foreign firms operating in the country. The new law has been passed by the standing committee of the parliament and was made public on Monday. Among other things, the law deals with censorship and security reviews in strategic areas.