China would increase the size of its economy by about 2 percent by joining a Pacific trade pact in the view of the central bank’s chief research economist, according to presentation slides seen by Bloomberg News.
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.
Cosco Shipping Co., a listed unit of China’s biggest shipping group, said first-half net loss tripled, the latest sign that slowing growth in the world’s second-biggest economy is eroding corporate earnings.
China should allow defaults of some wealth-management and trust products to reduce incentives for financial institutions to sell risky products and maintain stability in the financial system, Deutsche Bank AG said.