The growth of China's local government debt has drastically slowed since the last audit in mid-2013, which analysts said reflects regulators' yearlong curb but raises concerns that it could curtail the nation's debt-driven growth.
Major players struggle to maintain growth as home inventories mount
Electronics retailer Gome Electrical Appliance Holding Ltd said on Monday that its net profit surged to 693 million yuan ($112.5 million) during the first six months of the year on the back of a 53.7 percent growth in its e-commerce revenue.
Premium liquor maker Kweichow Moutai Co Ltd is planning to enter supermarkets and open online stores to offset flagging margins from the recent government austerity measures.
Educating officials, public can mean difference between success, failure
Various signs indicate that instead of loosening credit, China has targeted "lower financing costs" as a priority for the second half of this year.
A successful investment by a private equity firm is a team effort.
Micro companies are the lifeblood of financial industry, according to CGB
Equities in China, on pace for their best quarterly gain in a year, are still in the "early" stages of a rally, according to Michael Shaoul, chairman and chief executive officer of Marketfield Asset Management LLC.
China's largest online payment provider Alipay announced the official launch on Monday of Zhaocai Bao, an Internet finance platform that aims to reshape financing for small businesses to the tune of 1 trillion yuan ($162 billion) within three years.
Taiwan's insurers drove a surge in issuance of foreign debt, as an easing of ownership curbs allowed them to seek higher returns on $580 billion of assets.
In the ancient mountain fastness of Shaolin Temple, behind the closed doors of a Buddhist sanctum, Abbot Shi Yongxin holds court from a lacquered wooden chair carved with dragons.
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