- Reuters via Yahoo! FinanceAug 29 09:54 PM
China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. The premier, in remarks published late Saturday after a special cabinet meeting, said China is continuing to steadily manage its economy.
- AFP via Yahoo! NewsAug 29 04:22 AM
China on Saturday scrapped a two decade limit on the percentage of funds banks can lend out relative to deposits, state media reported. China's commercial banking law has since its enactment in 1975 stipulated that no more than 75 percent of a bank's deposits could be offered as loans, the official Xinhua news agency said. The NPC is China's Communist Party-controlled legislature.
- Reuters via Yahoo! FinanceAug 29 02:54 AM
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment". State news agency Xinhua quoted an unnamed Commerce Ministry spokesman as saying the devaluation will have "limited impact" on the country's foreign trade. On Aug. 11, in a move that stunned markets, China devalued the yuan by nearly 2 percent.
- AFP via Yahoo! NewsAug 29 06:10 AM
China has imposed a limit on local debt, state media reported Saturday, as the world's second-largest economy tries to control massive borrowing by its regions. The standing committee of China's National People's Congress (NPC) approved the ceiling of 16 trillion yuan ($2.5 trillion) in local debt for this year, the official Xinhua news agency reported. The NPC is China's Communist Party ...
- The Wall Street JournalAug 28 04:43 PM
China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.
- The Wall Street JournalAug 28 06:04 PM
China-bashing has erupted on the 2016 campaign trail and is emerging as the principal political fallout of this past week’s markets turmoil.
- The Wall Street JournalAug 28 02:19 AM
China’s biggest lenders are scrambling to clear rising bad loans from their books, as a faltering economy weighs on loan repayments and sets banks on pace for their worst year since they began listing shares 13 years ago.
- Business Insider via Yahoo! FinanceAug 28 09:00 AM
China's richest man thinks Beijing needs to cut its growth forecast and deal with it. Real estate...
- CNBCAug 29 02:36 AM
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
- Reuters via Yahoo UK & Ireland FinanceAug 29 07:28 PM
As China's stock markets have lurched wildly, seeding dramatic falls across the world, some have drawn parallels with the global financial crisis of 2008 or the Asian version a decade earlier. The abrupt end of Japan's boom in the 1990s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons. China's stocks ran up gains of 150 percent in...