China’s passenger-vehicle market had its strongest start since 2010, while sales in India shrank for a third month, illustrating the contrast in automobile demand in the world’s two most populous nations.
Shanghai, China’s financial hub, signaled the delay of its international board two months after the city’s stock exchange said it was ready to allow overseas companies to list in the world’s third-biggest equity market.
The Shanghai city government is working with the tax authorities and Ministry of Finance to work out details for the implementation of reforms to value-added tax, Mayor Han Zheng said at a briefing today.
The Shanghai government will compensate victims of a Nov. 15 high-rise fire that killed 58 people, a day after municipal authorities took responsibility for lax safety supervision that led to the blaze.
China’s real estate prices rose for a 19th month in December, raising concerns that the government will expand curbs to limit the risk of asset bubbles in the world’s fastest-growing major economy. Property stocks fell.