China’s economy is showing mounting signs of deterioration from manufacturers to banks, raising the risk that outgoing Premier Wen Jiabao will miss his growth target for the first time since taking office in 2003.
Industrial & Commercial Bank of China Ltd. led the nation’s biggest lenders in posting profit that beat analyst estimates, defending their lending margins even as economic expansion slowed to a three-year low.
Aluminum stockpiles in the main trading regions in China have climbed to the highest level in two years as growth in supply outpaces demand in the world’s largest user, according to two industry surveys.
Shangri-La Asia Ltd. plans to add four hotels in the Yangtze River Delta region in the next two years, the South China Morning Post reported, citing Cetin Sekercioglu, vice-president for its Yangtze River Delta operations
Bonds issued by China developers are rebounding from their worst first half in two years as a record $6.8 billion in offshore debt sales spurs confidence the borrowers have the resources to weather a slowing economy.