2 dead, 26 injured after suspected gas explosion at restaurant in northern China
The blast occurred just before 8:00 am (0000 GMT) on Wednesday, state broadcaster CCTV said, in a residential area in the city of Sanhe, Hebei province, less than 50 kilometres (30 miles) east of the centre of Beijing.
Major Chinese property developer Vanke sees downgrade in Moody’s credit rating amid housing woes
Vanke is one of several major Chinese developers to run into trouble, with Moody’s downgrading its rating to indicate it has “substantial credit risk.”
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China breaking news, opinion, features, explainers, analysis and original reporting from Hong Kong Free Press.
Chinese tech giant Xiaomi to begin first electric vehicle deliveries by end of March
Xiaomi’s shares soared nearly 10 percent by midday in Hong Kong, where the firm is listed, upon the announcement that it would begin its first electrical vehicle deliveries by the end of the month.
Consumer prices in China rise for first time in 6 months, bucking deflation trend
The positive data comes as senior officials meet in Beijing for the annual “Two Sessions” of China’s parliament and its top political consultative body, in gatherings that have been dominated by the economy and national security.
China’s Two Sessions: Major political meeting wraps with pledges to boost sluggish economy
Top officials have been upfront about the myriad challenges China is facing, admitting that a modest five percent growth goal will not be easy and that “hidden risks” are dragging the economy down. But details of how they plan to tackle the problems have been scant.
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