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 […]
China breaks up $64-billion illegal banking network
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 […]
Chinese counterfeiter finds a comfortable life in California
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 […]
Longer visas for Chinese could spur US tourism
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.
Hong Kong-Shanghai stock link makes lopsided debut
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.
McDonald’s, KFC in China face new food scandal
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.
Chinese teen defaces temples, sparks outcry
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.