Guangzhou's municipal government is planning to launch its own Uber-like online taxi hire service, only weeks after police closed the Uber office. The FT reports.
Gross domestic product expanded an annualized 2.6 percent from the year before, topping the advance estimate of 2.1 percent.
The Australian government may allow foreign airlines to operate domestic routes, reports the Wall Street Journal.
A China infrastructure tycoon who is suing local governments for failing to pay bills said he reached settlement deals. The FT reports.
Get the best of CNBC in your inbox
Speculation about Chinese investments in Fortescue Metals reinforces the fact that the iron ore sector remains "very strategic," says Tom Albanese, CEO of Vedanta Resources.
Sue Trinh, senior currency strategist at RBC Capital Markets, says Fed chair Janet Yellen's comments last week gave the dollar a boost and bolstered the case for a September rate hike.
Simon Cooper, managing director for Asia Pacific at Marriott International, says occupancy rates in Macau are unaffected by the fall in gaming revenues hence the decision to open the 1,000-room JW Marriott.