Trading in credit default swaps is unlikely to trigger a substantial correction in China's property market, economists said on Tuesday, saying that concerns that speculators would use credit default to short the market were unfounded.
Lenovo Group Ltd confirmed on Tuesday the latest round of layoffs of about 1,000 employees, mostly from the overseas Motorola unit, in a bid to turn around the fortunes of the Chinese company's loss-making smartphone business.
The central bank will continue to make more bilateral currency swap deals, and enlarge the scope and scale of renminbi settlements with countries along the Belt and Road Initiative to cut exchange rate risk and transaction cost for trade and investment, said a senior central bank official on Wednesday.
Lower headline credit growth, still strong overall credit impulse
Booming Chinese robotics industry a good sign
New age, new balance and new breakthroughs
Is China running out of policy options?
Hello Huawei, Xiaomi, bye-bye big brands
Opening-up the service sector key for reform
Market economy status not a bilateral negotiation
Belt and Road strategy will be applauded years from now as visionary.
Billionaire Wang Jianlin is betting on strength in numbers prevailing as he battles modern-day invader Walt Disney Co to become China's biggest theme-park operator.
Chinese insurers are making overseas investments for steady returns and to prevent exchange rate risks, experts said.
China is considering introducing a dual-credit scheme for gasoline cars' fuel consumption and new energy vehicle production.
Didi announced on Monday that it has invested tens of millions of dollars in ofo, a bike-on-demand startup created in 2014 on the campus of Peking University as a student project.