China Specialist Correspondent
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Nov 5, 2015

Insight: China-Taiwan summit two years in making, as leaders eye legacies

BEIJING/TAIPEI (Reuters) – This weekend’s historic summit in Singapore between the presidents of China and Taiwan may have surprised many, but the sides first broached the subject about two years ago and the leaders had their legacies very much in mind.

For Chinese President Xi Jinping, the summit may not change the outcome of Taiwan’s presidential election in January which the island’s main opposition Democratic Progressive Party (DPP) is widely expected to win, two sources with ties to the Chinese leadership said. Anti-China sentiment is rising in Taiwan.

Nov 5, 2015

China-Taiwan summit two years in making, as leaders eye legacies

BEIJING/TAIPEI (Reuters) – This weekend’s historic summit in Singapore between the presidents of China and Taiwan may have surprised many, but the sides first broached the subject about two years ago and the leaders had their legacies very much in mind.

For Chinese President Xi Jinping, the summit may not change the outcome of Taiwan’s presidential election in January which the island’s main opposition Democratic Progressive Party (DPP) is widely expected to win, two sources with ties to the Chinese leadership said. Anti-China sentiment is rising in Taiwan.

Sep 20, 2015

Four funerals and a wedding: China’s Xi mends political bridges

BEIJING (Reuters) – Chinese President Xi Jinping’s attendance at the funeral earlier this year of a one-time propaganda minister was a surprise; Deng Liqun, who died aged 99, was never a top-ranked official and had been a political enemy of Xi’s father.

Xi’s presence, sources said, was in fact part of a nascent effort to heal wounds across China’s ideological divide after his unrelenting crackdown on corruption alienated senior officials from the ruling Communist Party, government and military.

Sep 20, 2015

Insight: Four funerals and a wedding: China’s Xi mends political bridges

BEIJING (Reuters) – Chinese President Xi Jinping’s attendance at the funeral earlier this year of a one-time propaganda minister was a surprise; Deng Liqun, who died aged 99, was never a top-ranked official and had been a political enemy of Xi’s father.

Xi’s presence, sources said, was in fact part of a nascent effort to heal wounds across China’s ideological divide after his unrelenting crackdown on corruption alienated senior officials from the ruling Communist Party, government and military.

Sep 14, 2015

Exclusive – China seizes up to 101.8 billion pounds of unspent local government budgets – sources

BEIJING (Reuters) – Angry Chinese authorities have seized up to 1 trillion yuan (101.78 billion pounds) from local governments who failed to spend their budget allocations, sources said, as Beijing seeks ways to stimulate economic growth which is at its slowest for 25 years.

The huge underspend, linked to officials’ reluctance to splash out on big-ticket projects while authorities crack down on corruption, supports the argument of some economists that Chinese state investment has grown too slowly this year.

Sep 14, 2015

China grabs unused funds to spend on new projects as growth slows

BEIJING/SHANGHAI (Reuters) – Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to use their budget allocations, sources said, as Beijing looks for ways to spend its way out of an economic slowdown.

The exclusive Reuters report came after China’s stocks fell following data suggesting economic growth was running below the 2015 target level of about 7 percent, heightening concerns about the health of the world’s second largest economy.

Sep 14, 2015

Exclusive – China seizes up to $157 bln of unspent local govt budgets – sources

BEIJING (Reuters) – Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.

The huge underspend, linked to officials’ reluctance to spend on big-ticket projects while authorities crack down on corruption, supports the argument of some economists that Chinese state investment has grown too slowly this year.

Sep 14, 2015

Exclusive: China seizes up to $157 billion of unspent local government budgets – sources

BEIJING (Reuters) – Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.

The huge underspend, linked to officials’ reluctance to spend on big-ticket projects while authorities crack down on corruption, supports the argument of some economists that Chinese state investment has grown too slowly this year.

Sep 14, 2015

China seizes up to $157 bln of unspent local government budgets -sources

BEIJING, Sept 14 (Reuters) – Angry Chinese authorities have
seized up to 1 trillion yuan ($157 billion) from local
governments who failed to spend their budget allocations,
sources said, as Beijing seek ways to stimulate economic growth
which is at its slowest for 25 years.

The huge underspend, linked to officials’ reluctance to
spend on big-ticket projects while authorities crack down on
corruption, supports the argument of some economists that
Chinese state investment has grown too slowly this year.

Sep 9, 2015

Exclusive: Bombardier rejects Chinese offer for railway unit – documents

BEIJING (Reuters) – Canada’s Bombardier (BBDb.TO: Quote, Profile, Research, Stock Buzz) has turned down a Chinese offer to buy up to 100 percent of its prized rail unit, documents seen by Reuters show, underscoring its reluctance to cede control of the unit to a state-owned Chinese buyer at this juncture.

Beijing Infrastructure Investment Co [BEINF.UL] (BII), a government-owned company that operates 18 metro lines in China’s capital, has offered to acquire between 60 and 100 percent of Bombardier Transport, an Aug. 14 letter reviewed by Reuters outlining BII’s offer showed.

    • About Benjamin

      "Ben is based in Beijing and covers China regulatory news. He is an ethnic Chinese born and raised in the Philippines, and spent 13 years in Beijing and 15 years in Taipei. He joined Reuters in 1991, serving as Beijing bureau chief from August 2008 to August 2010 and Taipei bureau chief from February 2000 to December 2002."
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