Economic growth in China will slow to the lowest level since the global financial crisis of 2008 during the fourth quarter, leaving little chance of any rebound in industrial production and fixed-asset investment growth, economists said on Friday.
Chinese banks made 852.7 billion yuan ($137.8 billion) worth of new loans in November, data showed on Friday, well above market expectations but still unlikely to dispel worries about the country's sputtering economic growth.
China plans to establish a fund to support troubled trust firms as repayment risks accumulate in the 13 trillion yuan ($2.1 trillion) industry.
Baidu Inc, the owner of China's biggest Internet search engine, is buying a minority stake in Uber Technologies Inc, the taxi-booking company which is expanding into China, according to a person familiar with the matter.
Members of the century-old Chinese Gold & Silver Exchange Society in Hong Kong should be able to start trading the yellow metal in Shanghai from March next year, allowing them to tap into mounting demand on the Chinese mainland, the world's leading gold consumer.
Senior Chinese and United States officials will meet next week in Chicago for a high-level forum to address bilateral trade and investment issues and promote business opportunities.
Mobile chip giant Qualcomm Inc is investing $40 million in Chinese tech startups notwithstanding the record-breaking antitrust fines it is facing in the country.
Tesla Motors Inc, the United States-based producer of electric cars, said that its top manager in China is leaving the company.
Jack Ma, the founder of Alibaba Group Holding Ltd, China's biggest e-commerce company, has passed Li Ka-shing, the Hong Kong property and ports tycoon, as Asia's richest person, according to the Bloomberg Billionaires Index.
China's nuclear technology is fully equipped to compete against the West in bidding for international projects, a senior official at the China National Nuclear Corp said on Friday.
Vehicle sales slowed drastically in China in November, as concerns over the cooling economy and purchase limitations in cities weighed heavily on buyers, industry sources said on Friday.
Stocks in China posted their biggest intraday swings since 2010 on Friday as transactions on the mainland's exchanges exceeded 1 trillion yuan ($163 billion) and the benchmark index traded near four-year highs.
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