By Erika Kinetz Associated Press WENZHOU, China (AP) — Alex Theil lost his innocence the day an envelope landed on his desk. It was filled with money from a counterfeiter of Toyota auto parts he’d busted, mistakenly delivered to him by a lawyer hired to help with the raid. Theil was running the office of […]
By Erika Kinetz Associated Press SHANGHAI (AP) — Authorities in China have cracked the country’s biggest-ever underground banking network, which handled illegal foreign exchange transactions worth 410 billion yuan ($64 billion), police said. The bust comes amid a month-long crackdown on illicit outflows, which officials say disrupt China’s financial management, facilitate corruption and help terrorists […]
By Erika Kinetz and Elliot Spagat Associated Press SHANGHAI (AP) — The Chinese woman has a history of selling counterfeit luxury goods. She has been sued in the U.S. by eight luxury brands. She owes Chanel Inc. $6.9 million for selling products online under its name. None of it has stopped Xu Ting, a 45-year-old […]
By Deepti Hajela Associated Press NEW YORK (AP) — A rule change allowing Chinese visitors to return to the U.S. multiple times over a 10-year period is being hailed as a boon to American tourism, with the federal government predicting the economic impact could be $85 billion by 2021.
By Kelvin Chan AP Business Writer HONG KONG (AP) — International investors plowed money into Shanghai’s stock market, maxing out their daily limit, in the debut Monday of a landmark trading link that gives outsiders wider access to mainland China’s main stock market through brokers in Hong Kong.
By Joe McDonald AP Wire Service BEIJING (AP) — McDonald’s and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
By Gillian Wong The Associated Press BEIJING (AP) — A Chinese teenager who defaced an ancient temple in Egypt with graffiti has come under fire at home where his vandalism prompted public fretting about how to cultivate a good image overseas as more newly affluent Chinese travel abroad.