China

China Legalizes App-based Ride Hailing Services like Uber and Didi with Certain Guidelines and Rules

Uber and Didi

China is the largest market for ridesharing services and for long Uber has been facing tough competition from the local leader in the business, Didi Chuxing.

Chinese Currency Faces Increasing Pressure

Chinese Currency Faces Increasing Pressure

The Chinese government is putting in efforts to stabilize the currency markets. The central bank of the country adding verbal support to the exchange rate following a drop in the currency's value in the past week against the green back to point that was lower than a key level.

China’s Economic Growth in the Second Quarter Remains Steady but not without a Price

China’s Economic Growth in the Second Quarter Remains Steady but not without a P

In the second quarter, growth in China's economy remained almost at level with the first quarter but to keep the growth rate steady, the economy is paying a heavy price with a strong pace of credit creation.

Even as Demand Slows Iron Ore Productions Carry on Leading to Huge Stock Piles

Even as Demand Slows Iron Ore Productions Carry on Leading to Huge Stock Piles

Iron ore prices have slipped in recent years as the market faces a supply glut, but the global iron-ore miners show no sign of slowing down their outputs despite the rapid dip in prices.

Data from June Quarter Signals at Stabilizing Economy in China with Growth in Spending

Data from June Quarter Signals at Stabilizing Economy in China with Growth in Sp

A brighter spot was noticed in China's economy with reports showing that lending and consumer spending in the country moved up in the latter half of the June quarter. That signals at the success of stepped up monetary and fiscal policy by the Chinese government.

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