China may start to give banks more freedom to set deposit rates this year, a shift that may lead to higher returns for savers, Mizuho Securities Asia Ltd. and Deutsche Bank AG said.
Ian Chen recalls his father quietly accepting he could no longer wade into a lake near their home in southern China where he’d swum his whole life. The raw sewage and agricultural waste spilling into the water meant it wasn’t safe anymore.
The yuan’s appreciation may be limited to 1.9 percent against the dollar this year as the euro’s slump hurts exporters, a survey of economists showed after China signaled an end to a two-year peg.
"Hong Kong is still the largest source of foreign direct investment for China and a very large portion of Chinese trade goes to Hong Kong."
- Ma Jun on Sep 22, 2014