China announced a 5.7 percent increase in electricity prices for businesses and industries and said it will adjust residential tariffs early next year through a new pricing mechanism to promote energy savings […]
Tag: Bank of China
Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]