Wang Jian News
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Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
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Alibaba.com Ltd., operator of China’s biggest online commerce site for business owners, will audit all exporters that pay the company to market their products after some buyers were defrauded.
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China’s stocks fell for a second day, capping a monthly loss for the benchmark index, on speculation Europe’s debt crisis will hurt shipments to the country’s largest overseas market.
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China’s stocks , trading almost 10 percent below this year’s highs, may extend declines as higher interest rates slow economic growth, according to ICBC Credit Suisse Asset Management Co. and Goldman Sachs Group Inc.
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The yuan completed the biggest monthly gain this year on speculation China will tolerate more currency appreciation to curb inflation and rein in dollar purchases.
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China’s benchmark money-market rate declined on speculation the central bank will inject more funds into the financial system as part of efforts to prop up growth in the world’s second-largest economy.
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China’s stocks fell for a fourth day on concern the nation’s economic growth will slow further as the government maintains tight monetary policies to fight inflation and Europe’s debt crisis worsens.
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China’s stocks , trading almost 10 percent below this year’s highs, may extend declines as higher interest rates slow economic growth, according to ICBC Credit Suisse Asset Management Co. and Goldman Sachs Group Inc.
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China’s interest-rate swaps rose for a fifth month on speculation policy makers will curb the availability of cash to stem inflation running at the fastest pace since 2008.
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Chinese government bond yields are falling at the fastest pace this year relative to U.S. Treasuries as a slowing economy curbs inflation.
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