China's banking regulator unveiled aggressive measures to restrain the country's fast expanding peer-to-peer (P2P) lending sector today, warning that almost half of the 4,000-odd online lending platforms are "problematic".
China will kickstart fiscal reforms in areas of national defense and basic public services this year, with plans to focus on education, healthcare and environmental protection in 2017-2018, the State Council said today.
At the section of the Great Wall of China that runs through Yulin, tour guide Gao Jing says she tried to learn English in expectation of the increased number of overseas visitors the city planned to attract as part of its economic transformation.
World shares set up camp at one-year peaks today as a rally in Chinese stocks helped offset news that Japan's economic growth had ground to a halt in the last quarter, while crude oil prices extended their latest rally.
A year ago today the Bank of China shocked global markets by devaluing its currency and helped set up the environment for an oil market crash. While the oil market looks weak due to seasonal factors and high inventories, do we have the same situation a year later that can set up an oil market crash? I think not.
Friday’s incredibly impressive U.S. jobs report sent the U.S. dollar and equities higher, with S&P 500 and Nasdaq ending the week at new record highs. The 255,000 jobs added in July and 292,000 in June, made the markets look beyond the weak release in May of only 24,000 additional jobs.
China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain's decision to leave the European Union.
The United States is worried that China is retreating from pledges to open its economy to market forces as it tries to cope with a slowdown in growth, U.S. trade diplomat Chris Wilson told the World Trade Organization yesterday.
Crude oil might have seen some support from data out of China, easing concerns that Chinese oil demand was faltering. Reuters reported that China's June refinery output was up 3.2% from a year earlier at 45.08 million tons, or 10.97 million barrels per day (bpd)-- the highest on a daily basis ever, according to data from the National Bureau of Statistics.