Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
The U.S. Department of Defense has hit back at Russian officials who have criticized a U.S. plan to deploy more troops to the Middle East.World Politicsread more
Indigo Partners is to use the A321 XLR jets across airlines it runs out of the United States, Chile and Mexico.Paris Air Showread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
In a report Thursday, rating agency Standard and Poor's highlighted the "tough choice between supporting growth and controlling debt sustainability" as China tries to find new ways to fund public investments.
"Although aggregate and provincial GDP growth stabilized in the first two quarters of 2016, we believe the fiscal conditions of Chinese local governments are under more pressure given the weakened economy, " S&P analysts wrote in a report.
The rising debt pile of local government financing vehicles (LGFV) raised questions on credit risks, said S&P.
"As long as investments remain a growth impetus, it is very hard to shift away from the old public financing model to weaken the LGFVs' role in public investment," said S&P credit analyst, Xin Liu.
"The growing pile of LGFV debt will add to the fiscal vulnerability of local governments, which already rely on these financing vehicles to execute public investment mandates," she added.
S&P's warning on local government debt comes amid concerns about overall debt levels in the country as the world's second-largest economy begins to slow after years of boisterous growth.
Corporate debt is also under focus.
In another report released on Tuesday, S&P warned that the "unabated growth" of China's corporate debt could cost the country's bank "dearly".
It said the current growth rate of China's debt "is not sustainable for long".
S&P said if the growth in debt doesn't slow, the ratio of problem credit to total credit facing China's banks could triple to 17 percent by 2020. The banks may then need to raise fresh capital of up to 11.3 trillion Chinese yuan ($1.7 trillion), which is equivalent to 16 percent of China's 2015 nominal GDP.
The Bank of International Settlements warned recently excessive credit growth in China will increase the country's risk of a banking crisis in the next three years.
To cope with the debt load, China unveiled guidelines on Monday to reduce rising corporate debt.The government said it will take a multi-pronged approach to cutting company debt with measures including encouraging mergers and acquisitions, bankruptcies, debt-to-equity swaps and debt securitization, according to guidelines issued by State Council.
Corporate China sits on $18 trillion in debt, equivalent to about 169 percent of gross domestic product (GDP), according to Reuters.
China will combine deleveraging with overcapacity reductions, with the government giving preferential tax treatment to help firms cut debt levels, officials said on Monday, the news agency reported.
According to a recent Reuters analysis, profits at roughly a quarter of Chinese companies were too low in the first half of this year to cover their debt servicing obligations.
"We believe China's banks and financial system can withstand higher non-performers. However, in the downside scenario where the current growth rate continues unabated over the next five years, the likely rise in nonperforming debt could place greater strain on the financial sector, possibly leading to some bank recapitalization," said Qiang Liao, a S&P credit analyst wrote in Tuesday's report.
Follow CNBC International on and Facebook.