China’s traffic regulator is preparing a proposal to make the use of child-safety seats in vehicles mandatory in the country to reduce the number of fatalities and injuries in the world’s largest auto market.
China’s stocks dropped, sending the benchmark index to its biggest retreat in five months, amid speculation a weaker property market and falling currency will curb corporate earnings. The yuan sank the most since 2010.
China’s stocks fell, sending the benchmark index to its biggest loss in seven weeks, amid speculation that reduced lending to the property industry will curb growth in the world’s second-largest economy.
West Texas Intermediate reversed earlier gains on concern demand in emerging markets may slow after a Chinese state-owned newspaper said some banks curbed loans to developers in the world’s second-biggest oil user.
Australia’s bid to sell state-owned infrastructure to help fund new projects will form a centerpiece of its Group of 20 agenda as the nation bets its plan to spur jobs is as relevant in Moscow, Mumbai and Michigan as it is in Melbourne.
The singling out of three debt types most at risk by the People’s Bank of China has prompted Nomura Holdings Inc. to warn that rising borrowing costs will make it even harder to avoid a default by these issuers.