The Financial Times reports: "China has loosened restrictions on foreign investment in its onshore stock and bond markets in an effort to counter unprecedented capital outflows in recent months by investors nervous about an economic slowdown and tumbling asset prices. The move also marks a major step in China's long-term campaign to integrate its financial markets with the rest of the world and encourage greater international use of its currency....The foreign exchange regulator said on Thursday that foreign investors accredited through its Qualified Foreign Institutional Investor (QFII) programme will no longer be subject to individual quotas assigned by the regulator....The International Monetary Fund recognised China's progress towards making the renminbi convertible for investment purposes — known as capital account convertibility — when it admitted the redback to its elite basket of reserve currencies late last year."
The Associated Press reports: "North Korea announces it will launch a long-range rocket smack in the middle of a top Chinese envoy's visit to Pyongyang. In diplomatic terms, it was yet another sign of disrespect for North Korea's chief ally. Adding to the indignity: The launch window for the rocket, which critics say is a banned test of ballistic missile technology, falls during the Lunar New Year, casting a shadow over China's most important seasonal holiday. The announcement again places China under pressure from the U.S. and others to use its influence with Pyongyang to rein in its communist neighbor, despite Beijing's protestations that such influence is overestimated."
TIME reports: "Chinese journalist Li Xin, who went missing from Thailand nearly two weeks ago, has resurfaced in China saying he is being held by the police, his wife said Wednesday, making him the latest in a series of individuals suspected to have been abducted by the Chinese government....Li is the fourth dissident to resurface in China after seeking refuge in Thailand within the past four months, as the Chinese government's rapidly expanding crackdown on nonconformist voices continues to extend beyond its own borders and the Thai military junta government appears ever ready to cooperate....As for the journalist Li, many questions still remain despite the revelation that he is in China, with Thai authorities telling the Times on Wednesday that there is no record of him having left the country."