Asian shares are mixed after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy ... ( read original story ...)
VIEW China raises local government debt ceilings to revive economy
China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or "hidden" debt over three years, as ... ( read original story ...)
Chinese Stocks Close Lower Ahead of Expected Stimulus From NPC Meeting
Chinese shares closed lower ahead of announcement of stimulus expected later today following the NPC meeting. The benchmark Shanghai Composite Index fell 0.5% to 3452.30, the Shenzhen Composite Index ... ( read original story ...)
Expats laud Bank of China’s payment services
The Bank of China has rolled out a package of services to make it easier for expats living in Shanghai to make payments. Let's hear what some expats have to say about the bank's payment services. ( read original story ...)
China to unveil much-anticipated economic stimulus package
China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its legislature on Friday. ( read original story ...)
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions. ( read original story ...)
Brookfield in talks to refinance Shanghai office towers as vacancy risks rise
Some of the buildings in Shanghai’s most prestigious business districts were nearly half empty, and overall office vacancies climbed to 21.5 per cent in the third quarter, the highest in about two ... ( read original story ...)