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He is known in China as the "godfather of real estate," helping lay the groundwork for private homeownership in China, a move that enriched millions and laid the foundations for a vibrant and thriving Chinese middle class. Now, Meng Xiaosu wants a lot of Chinese — the older ones, specifically — to cash out. Older people need to mortgage their homes to address China's looming demographic bust, Mr. Meng argues. Because of China's now-defunct one-child policy and other social trends, the country has a rapidly graying population that someday soon may become too expensive for the Chinese government to support....

"I didn't come to play," the Chinese internet giant's new head of entertainment said in a memo. Alibaba Group's top entertainment executive is cementing his reputation as a bold leader at the Chinese e-commerce giant. Yu Yongfu was named CEO of Alibaba's newly consolidated media and entertainment subsidiary in October. This week, the 40-year-old executive pledged to invest $7.2 billion (RMB50 billion) in media and entertainment over the next three years, adding that he "didn't come to play." Content will be a focus of investment, he also said. The statements were made in an internal memo reviewed by Reuters. An...

Beijing (CNN)What do you get when you cross the year of the rooster with the year of Trump? A "yuge" statue. A giant rooster sculpture, sporting the President-elect's signature hairdo and hand gestures, has been erected outside a shopping mall in Taiyuan, in China's northern Shanxi Province. The sculpture was commissioned by the company that owns the mall and will be its mascot, Cao Mingliang, the deputy director of planning department from N1 ArtWalk Mall, told CNN. A giant rooster figure, sporting a Donald Trump hairstyle, has popped up outside a shopping mall in downtown Taiyuan, north China's Shanxi...

China aims to capture the attention of the global export market with its new stealth fighter variant. The latest FC-31 Gyrfalcon, upgraded from its original J-31 version, flew publicly for the first time over the northeastern city of Shenyang on Friday, state-run media China Daily first reported. The J-31 airframe was first openly unveiled in 2014 at the Zhuhai Airshow. The radar-evading aircraft, which bears similar resemblance to U.S. F-35 and F-22 fighters, is smaller than China’s Chengdu J-20.

A Chinese shopping mall is ringing in the year of the rooster with a giant sculpture of a chicken that looks like US president-elect Donald Trump. China has gone cuckoo for the cartoonish pastiche — complete with orange pompadour — of the billionaire politician in Taiyuan, capital of the northern province of Shanxi.

Worshippers gather for a secret mass in a factory compound while Vatican and Beijing explore ways of healing fractured tiesIt was eerily quiet on Christmas Eve in a manufacturing hub city in Pearl River Delta, with machinery silent, except at one factory compound, the temporary gathering point for Catholics who were singing carols. About three hundred people came to the site to celebrate the birth of Jesus Christ. Dazzling fireworks were set off within the plant at about 11pm. The crowd then went to a factory canteen for a quick meal and at midnight mass began in a prayer hall...

Change is afoot in the fashion industry. We've already seen glimpses of how the tectonic plates in the fashion world are moving. In one of our best-read fashion stories of 2016, we explored how some of the premium U.S. fashion brands of the past—Tommy Hilfiger, Calvin Klein, Ralph Lauren—have lost their luster. They're losing ground to a new generation of direct-to-consumer brands that were born on the internet, including Everlane, Cuyana, M.Gemi, DSTLD, American Giant, and Vrai & Oro. These companies are offering something different from the flashy designers of yesterday: the insight into their supply chain and sometimes even...

In an unexpected escalation that was not the result of Israel's angry response to Friday's UN vote which passed a resolution condemning the country's settlements on occupied Palestinian territory, and which the US refused to veto, Israeli Defense Minister Avigdor Lieberman on Monday called on French Jews to leave their country to protest a Paris-hosted conference planned for next month aimed at restarting Palestine-Israel peace talks, Israeli daily Yedioth Ahronoth has reported.

Scientists with the China Academy of Space Technology (CAST) claim NASA’s results ‘re-confirm’ what they’d already achieved, and have plans to implement it in satellites ‘as quickly as possible.’ China claims they’ve created a working prototype of the ‘impossible’ reactionless engine – and they say they’re already testing it in orbit aboard the Tiangong-2 space laboratory. The radical, fuel-free EmDrive recently stirred up controversy after a paper published by a team of NASA researchers appeared to show they’d successfully built the technology. The implications for this could be huge. For instance, current satellites could be half the size they are...

California is trapped — between two authoritarian regimes that want to fight each other. One is headquartered in Beijing; the other is taking power in Washington, D.C. But it’s striking how much they have in common.

You will not see a box but instead My delight, ‎ You see my Love for you can not be contained for its borders are out of sight, It reaches far beyond where you are right now, In fact further than the East is from The West is my promise and my vow, So just open up your Heart and I will place it in, It's very simple just receive me and that's when it begins, For truly I AM a Wonder for I live inside of you! So My True birthday is when you say I DO!

BEIJING (AP) -- China's first aircraft carrier has set off for the Western Pacific for an open-sea training exercise, the Defense Ministry said. State media said Sunday that it is the first time that the Liaoning, which was commissioned by the Chinese navy in 2012, has headed to "distant sea waters." The Western Pacific region stretches from China to New Zealand and encompasses countries in the Pacific, Oceania and parts of Asia. The statement said a navy formation including the Liaoning set off Saturday for training in the Western Pacific, without elaborating on the location, as part of an annual...

While it has been said for a long time that the U.S. is bleeding manufacturing jobs overseas, particularly to China, some businesses have been moving operations the other way round. And now, the head of a leading Chinese glass maker making the same move has openly questioned if his country really is such a lucrative destination for offshore factories, reports Hong Kong newspaper the South China Morning Post. Overall speaking, the tax burden for manufacturers in China is 35% higher than in the U.S., Cao Dewang told China Business Network in an interview. He added that a combination of cheap...

Americans – our public and our leaders – have no understanding of how seriously the United States’ nuclear weapons capability has been damaged over the past 25 years. Today we risk losing our country unless President-elect Trump launches a virtual nuclear weapons revolution to reverse the ill-advised policies that have been in place and rebuild our capabilities. Here’s what has happened and what actions are needed. When the Cold War ended in 1991, our nuclear arsenal was #1 in the world. We had just defeated the Soviet Union in a 45-year conflict and saved the world from nuclear holocaust. At...

How Banned North Korean Seafood Could End Up on Your Dinner Table Reuters Updated: Dec 21, 2016 7:58 AM UTC (YANJI, China) — The brightly colored packages advertising "Walleye Pollock" at the West Market in Yanji, a Chinese city near the border with North Korea, say the fish came from China. But 15 vendors interviewed at the market say the fish came in from North Korea to be processed, packaged and mostly sold in China. They say they buy the fish from Chinese wholesalers who deal with their North Korean counterparts at the border. The packaged fish is also exported...

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The London Financial Times reported that Chinese Foreign Ministry spokesperson Hua Chunying said immediately after the appointment that Beijing is now monitoring the policy positions of the incoming Trump Administration: “As two major powers with broad mutual interests, co-operation is the only correct choice.”

As the FT first reported yesetrday, in a dramatic development for Sino-US relations, Trump picked Peter Navarro, a Harvard-trained economist and one-time daytrader, to head the National Trade Council, an organization within the White House to oversee industrial policy and promote manufacturing. Navarro, a hardcore China hawk, is the author of books such as "Death by China" and "Crouching Tiger: What China’s Militarism Means for the World" has for years warned that the US is engaged in an economic war with China and should adopt a more aggressive stance, a message that the president-elect sold to voters across the US...

Shanghai (AFP) - A Chinese auto glass tycoon has caused a stir by shifting part of his empire to the United States and setting up a factory in Ohio, citing high taxes and soaring labour costs at home. Cao Dewang's $600-million investment comes after Donald Trump threatened to declare Beijing a currency manipulator and slap 45 percent punitive tariffs on Chinese imports to protect American jobs. The 70-year-old tycoon's decision to open a glass factory in the eastern American state of Ohio in October -- a rare case of jobs being exported from China to the US -- triggered an...

An article published by the China Military Online website on 7 December has provided further insights into the requirements for China's new strategic bomber. Remarks made in the media report by Rear Admiral Yin Zhuo, director of the People's Liberation Army Navy's Expert Consultation Committee, followed on from the confirmation given on 1 September by General Ma Xiaotian, Commander of the People's Liberation Army Air Force (PLAAF), that China is developing a new long-range strategic bomber referred to in the article as the H-20.