The key to successful deleveraging of corporate debt is a clear line between the government and the marketplace, a commentary in the People's Daily, the official newspaper of the ruling Chinese Communist Party, said Wednesday.
We've been searching so long to find an answer. Will the Federal Reserve have one? Crude, like every other market, is chopping around waiting for the Federal decision on interest rates. While it seems unlikely they will raise rates in September, the suspense has been killing liquidity in the market. Oil prices swing on obscure headlines and sometimes move with the dollar and other times do not.
China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second-largest economy on a more balanced footing.
China is lauding its successful hosting of the G20 summit in scenic Hangzhou, with open confrontation largely avoided and broad consensus reached over the fragile state of the global economy and the need for a wide range of policies to fix it.
On the face of it, China's central bank has room to cut interest rates to try to lift the economy, but sources say evidence companies and banks are hoarding cash has reinforced policymakers' view there is no major benefit in easing policy further.
Republican presidential candidate Donald Trump threatened today to slap tariffs on Chinese products to show Beijing that the United States is "not playing games anymore" when it comes to leveling the field on trade.
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.