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 […]
Japan’s leader says he will express remorse for World War II
By Ken Moritsugu Associated Press TOKYO (AP) — In a year that marks the 70th anniversary of World War II’s end, a question weighs on the minds of policymakers in Asia and as far away as Washington, D.C.: What will Japanese Prime Minister Shinzo Abe say about his country’s role in the war?
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.
‘Octomom’ case stuns one-child public in China
By Alexa Olesen The Associated Press BEIJING (AP) — The photo was undeniably cute. A studio portrait of eight babies in identical onesies and perky white cotton hats, sports an array of expressions from giggly to goofy, baffled to bawling.
‘Coupon generation’ wields consumer power in China
BEIJING (AP) — Ding Can is obsessed with bargains. Her purse is crammed with more than 30 shopper discount cards and dozens of coupons.