Liu Yuan, son of former Chinese President Liu Shaoqi, was named political commissioner of the general logistics department of the Chinese People’s Liberation Army, the China News Service reported on its website today.
Nomura Holdings Inc. is recommending dollar-denominated bonds of five Chinese developers for 2013 as a recovery in sales boosts cash flow, contrasting with Morgan Stanley that has twice cut its outlook on the debt since August.
Japanese Prime Minister Shinzo Abe denounced China’s use of weapons-targeting radar on one of Japan’s naval vessels as provocative, saying the move will undermine efforts to ease tensions over a territorial dispute.
Kevin Xi had no trouble getting a mortgage to buy a 1.53 million yuan ($242,563) one-bedroom apartment in Beijing last month, even as China’s government tries to cool the housing market. He even got a 10 percent reduction on interest.