Marc Faber, Publisher, The Gloom, Boom & Doom Report, identifies a high debt-to-GDP ratio and a slowing economy as the key problems in the mainland.» Read More
CNBC's Eunice Yoon reports on China's response to the Malaysia Airlines flight MH17 crash as it urges countries not to jump to conclusions over who was responsible for the tragedy.
BEIJING— McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
*China railway sector rises on state support. *China airlines fall after another profit warning. HONG KONG, July 21- China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings, while Hong Kong was flat.
HONG KONG, July 21- China's yuan weakened against the dollar on Monday, extending last week's losing streak as investors judged the latest growth numbers would not trigger a fresh bounce in the currency in the near term as the broader economic outlook remains cloudy.
Paul Gruenwald, Chief Economist Asia Pacific at Standard and Poor's Ratings Services, explains why higher growth data may not benefit China.
Catherine Yeung, Investment Director at Fidelity Worldwide Investment, says global investors still see China as the "big bad economy" and are deterred by the opaqueness of Beijing's reform agenda.
Stephen Roach, Senior Fellow at Yale University, names the issues that have impacted bilateral ties between U.S. and China and says both countries need to address this "trust deficit" soon.
Joe Magyer, Senior Analyst at The Motley Fool, says "mini stimulus" alone will be unable to support growth in the mainland for long. He also explains why he likes Chinese tech stocks.
CNBC's Pauline Chiou outlines the key events to watch out for this week.
BEIJING, July 21- Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon.
Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets, carrying 298 people, over Ukraine. An even bigger question mark now hangs over the future of Malaysia Airlines, with its brand tied to two almost unfathomable tragedies.
KUALA LUMPUR, Malaysia— Coping with two disasters within a few months has left some Malaysia Airlines employees so shaken that they've been unable to function properly at work, a union official said Saturday.
*Ukraine says rebel missile shoots down Boeing 777. HRABOVE, Ukraine/ WASHINGTON, July 19- U.S.
SAO PAULO, July 18- Brazilian beef exports to China will increase by more than $1 billion next year following the decision by the world's second-largest economy to lift an embargo on Brazilian beef, the president of an industry group said on Friday.
*Ukraine says rebel missile shoots down Boeing 777. President Barack Obama demanded Russia stop supporting separatists in Ukraine after the downing of a Malaysian airliner by a surface-to-air missile he said was fired from rebel territory raised the prospect of more sanctions on Moscow.
NEW YORK, July 18- Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.
President Barack Obama demanded Russia stop supporting separatists in eastern Ukraine after the downing of a Malaysian airline by a surface-to-air missile he said was fired from rebel territory raised the prospect of more sanctions on Moscow.
*Copper faces biggest weekly loss since early June. LONDON, July 18- Copper fell to a two-week low on Friday, and its weekly performance headed for the biggest drop in 18 weeks, on concerns about the Chinese property sector and an outlook for increased production. Copper has dropped nearly 3 percent this week, the biggest weekly drop since mid-March.
BEIJING— A powerful typhoon killed one person and damaged several houses on the southern Chinese island of Hainan on Friday after claiming 54 lives in the Philippines. Typhoon Rammasun made landfall on Hainan southwest of Hong Kong at about 3:30 p.m. with winds as strong as 216 kph, the official Xinhua News Agency said.
MUMBAI, India— A developing nation version of the World Bank was formally agreed this week two years after India proposed the idea to Brazil, Russia, China and South Africa. India ensured a sense of parity with its insistence that each of the countries behind the New Development Bank contribute equal shares of $10 billion to its initial $50 billion capital.