China has "little choice" but to continue buying US Treasury bonds in the short term despite the potential risk of Washington defaulting on its obligations to foreign bondholders, analysts said on Tuesday.
Stocks on the Chinese mainland fell for the first time in four days on concern the nation's inflation rate will jump this month and the European debt crisis will curb demand for commodities and slow economic growth.
Citic Pacific Ltd, an arm of China's biggest State-owned investment company, plunged in Hong Kong after saying the development of its $2.6 billion iron ore mine in Australia may cost 35 percent more than expected and also be delayed.
China's Ministry of Railways (MOR) was 1.98 trillion yuan ($294.87 billion) in debt at the end of the first quarter of 2011, causing its asset-liability ratio to reach 58.24 percent, CNTV reported Tuesday.
China's fourth-largest automaker, Chang'an Automobile Group, said on Monday that its joint venture with Europe's second-largest automaker, PSA Peugeot Citroen, was approved by the National Development and Reform Commission.