Although China's automobile market is facing challenges such as the first year-on-year sales drop in April since 2009, Kevin Wale of General Motors China is optimistic about the industry's future in the country.
Stocks on the Chinese mainland fell to the lowest level in almost nine months on Monday. That's after Nomura Holdings Inc forecast the Chinese central bank will raise interest rates and Credit Suisse Group AG said the country is heading for a "sluggish landing".
China's one-day Shanghai interbank offered rate, or Shibor, surged the most in five months on speculation cash supplies will become tighter as redemptions of central bank bills decline this week.
China will soon loosen restrictions on domestic securities brokerages engaging in private equity (PE) investment despite investors' concerns that they may manipulate the market by pushing up initial public offering prices to reap exorbitant profits as prefloat investors.
An increasing number of China's rich are snapping up properties overseas in the expectation that domestic inflation will continue to rise after the consumer price index reached a 34-month high in May.