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Chinese Overseas Investments Grew 40% in 2016

Jan 12, 2017 11:26 PM EST

China reported a record increase in its overseas investments in 2016. Chinese firms raised their investment spending across the globe with special emphasis on technology-related acquisitions and advanced manufacturing operations.

China’s Fujian Gives Up on Aixtron Bid After Obama Blocks Deal

Girish Shetti |

Dec 09, 2016 03:18 AM EST

China's Fujian Grand Chip Investment Fund has withdrawn from the bidding race to acquire German chip equipment manufacturer Aixtron SE, after outgoing President Barack Obama imposed blockade over the deal last week.

Eastern China is bettered by Typhoon Megi, which made its landfall in central Fujian, early Wednesday morning.

Typhoon Megi Causes Devastation in Eastern China, Taiwan

S. Rina |

Sep 28, 2016 01:21 PM EDT

Eastern China is being battered by Typhoon Megi, which made landfall in central Fujian on Wednesday morning. Megi is believed to have killed five people, including one in China and left over 600 injured. Before hitting Eastern China, the typhoon caused widespread damage in Taiwan. The typhoon is likely to lose its strength on Thursday. However, it would still pose a danger to life and property.

Typhoon Meranti Batters Southern China and Taiwan

Rina S. |

Sep 16, 2016 08:53 AM EDT

Typhoon Meranti has hit southeastern China after causing devastation in Taiwan. The typhoon led to torrential rainfall and heavy winds in southeastern China. It also pulled out trees and interrupted power supply. The powerful typhoon made landfall in southeastern China at 3 a.m. on Thursday. It is expected to proceed to move inland.

China Landslide: Rescuers Search for 35 Missing People in Southeast Fujian Province [BREAKING]

Som Patidar |

May 08, 2016 09:17 AM EDT

Thirty-four workers have been reported missing after a landslide triggered by heavy rain hit a construction site of a hydropower project in southeastern parts of China on Sunday.

Stolen Buddha Statue May Return to China Under Dutch Collector's Terms [VIDEO]

Ma. Danilyn Miravalles |

Dec 08, 2015 02:55 PM EST

For some months since it made headlines, the world has had its eyes on a thousand-plus year-old Buddha statue, which was stolen from China 20 years ago. China's State Administration of Cultural Heritage announced that a process has been initiated to recover the statue from the private Dutch collector Oscar van Overeem.

Typhoon Soudelor Leaves 17 Dead in China; Economic Losses Estimated at USD1.4 Billion

Mars Woo |

Aug 11, 2015 07:26 AM EDT

At least 17 people were killed and five others remain missing after super typhoon Soudelor unleashed its fury in Eastern China, data released by the country's State Flood Control and Drought Relief Headquarters showed.