China Economic ReviewInvestment in China's urban areas was 26.4% higher in the first five months of this year than a year earlier, due in part to spending on power stations and railway construction, Bloomberg reported, citing government data. The cumulative growth rate has increased every month of this year. Investment in coal projects and railways surged 83% […]
UK-based asset management firm Schroders has won approval from Chinese banking regulators to set up a US$24m fund management joint venture with the Bank of Communications Co, Reuters reported, citing the Financial News. The deal will be among China's first bank-run fund management groups, along with the similar SFB/Commercial Bank of China venture reported earlier. […]
China is looking at using some of its huge foreign exchange reserves to buy imported oil, state media reported, citing a Shanghai Securities News report. The plan would allow China to put its growing foreign exchange reserves to use while ensuring continuing oil supplies. China had foreign exchange reserves worth US$659bn at the end of […]
School children everywhere could benefit from better history textbooks.
Lehman Brothers on how the yuan will rise 5%, and other Asian currencies much more: