Wednesday, July 29, 2015
Chinese shares sank Tuesday, a day after Shanghai's steepest one-day slide in eight years, defying renewed government vows of support that analysts warned were not enough to soothe nervous investors.
Asian markets mostly fell again Tuesday, with Shanghai seeing another round of wild volatility a day after its heaviest one-day loss in more than eight years.
Saturday, July 25, 2015
A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world's second-largest economy.
Wednesday, July 22, 2015
A new US$100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders.2 Comments
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan (US$2.04 billion), citing growth in both international and domestic air travel.
The Chinese arm of Dutch electronics giant Philips is being sued by an official government villa in Beijing over alleged false advertising of air purifiers, a court said Tuesday.1 Comment
Wednesday, July 15, 2015
China's property market is warming up again in first-tier cities.
China's Communist government has averted a stock market crash -- for now -- but it will take the world's second-largest economy longer to repair tarnished reform credentials and investment sentiment battered by its heavy-handed intervention.
Liu Yiqian, a Chinese billionaire, expanded his gain by nearly 340 million yuan (US$54.8 million) after purchasing millions of stocks during the market downtrend last week, when the government rolled out a series of measures to prop up market sentiment and restore investor confidence.
China's bank lending rose in June and the broader money supply also increased, the central bank said Tuesday, as monetary easing measures to boost the world's second-largest economy kick in.