China says Indian prime minister to visit next week

Indian Prime Minister Narendra Modi will visit China next week, the Chinese Foreign Ministry said on Tuesday, his first trip to India's northern neighbor since being elected last year. Modi will be in China from May 14-16, the ministry said in a brief statement. China and India have growing commercial links and deep historical ties, but their recent history has been overshadowed by suspicion and the two have yet to sort out a festering border dispute.

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No meetings at tourist hotspots, China reminds officials

China’s top graft buster took the unusual step on Friday of plastering its website with pictures of 21 top Chinese tourist sites where officials are banned from holding meetings, a reminder of its crackdown on extravagance and corruption. As the country marked the Labour Day holiday, the party’s Central Commission for Discipline Inspection’s normally quite staid website posted pictures of the 21 no-go zones under the caption: “Though these sites are good, just don’t meet there!” The sites include the Badaling sector of the Great Wall outside of Beijing, the old summer residence of the Qing emperors at Chengde and the beach resort of Sanya, which China likes to style its answer to Hawaii or Bali.

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China foreign website malfunction drives home Internet woes

BEIJING/SHANGHAI (Reuters) – Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. Social media users first reported on Sunday that they were being sent to software website wpkg.org and travel website ptraveler.com when trying to access news websites like cnn.com, news portal yahoo.co.jp, and games website runescape.com, among others. Reuters reporters in China also experienced similar issues

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India’s Paytm adds mobile marketplace app for e-merchants

Paytm, an Indian online payments platform backed by China’s Alibaba, is pushing deeper into India’s booming e-commerce industry with a zero-commission mobile app marketplace targeted at small and medium-sized firms, the mainstay of the country’s economy.

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China’s PICC gets approval to set up online payment firm

A unit of People’s Insurance Company of China Co (PICC), one of China’s biggest insurers, has received regulatory approval to set up a third-party payment firm, challenging banks for control of the crucial market. The China Insurance Regulatory Commission said on Monday it granted PICC Life Insurance Co permission to invest 200 million yuan ($32.3 million) to establish a wholly-owned subsidiary, Beijing Baofutong Ltd, according to an online notice posted by the insurance regulator. The PICC unit still requires to get approval from the central bank and comply with legal procedures to set up a third-party payment service, the notice said.

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China clamps down on sexual content on WeChat

China's Internet regulator issued on Wednesday new guidelines prohibiting sexual and vulgar content on Tencent Holdings Ltd's popular messaging app, the latest step in the agency's perennial campaign to clean up China's Internet. The Cyberspace Administration of China (CAC) said sexually explicit pictures and text, including nude photos and erotic animation, and stories of “one-night stands, wife-swapping, sexual abuse and other harmful information” will be subject to punishment.

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Beijing official says Chinese have no need for blocked websites

By Ben Blanchard BEIJING (Reuters) – If Beijing is successful in its bid for the 2022 Winter Olympics then foreigners who attend will get uncensored Internet access, but this isn't an issue for Chinese who “don't like” sites like Facebook and Twitter, an official said on Wednesday.

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China to reap Alibaba windfall as tightens up on tax

By Michelle Price HONG KONG (Reuters) – China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. On Wednesday, a six-month lock-up period for the recently New York-listed stock expired, allowing insiders who bought 437 million shares prior to the IPO to sell their stock, though 100 million of them are subject to trading restrictions that apply to employees until the company reports results in May

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Chinese military denies role in reported U.S. hacking

China's Defense Ministry on Friday denied that it had anything to do with a cyber attack on Register.com, a unit of Web.com, following a report in the Financial Times that the FBI was looking into the Chinese military's involvement. “The relevant criticism that China's military participated in Internet hacking is to play the same old tune, and is totally baseless,” the ministry said in a fax to Reuters in response to a question about the story. It is not clear what the Chinese military would be looking for or what it would gain from Register.com's data

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