Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.
High savings and weak consumption was still the main structural problem for China's economy, and the country needed to craft a national plan to boost consumption and adjust the economic structure, an expert had said.
Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd. (ICBC), China's largest commercial bank, the Malaysian central bank said here on Friday.
Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.
China will issue 15 billion yuan (about 2.2 billion U.S. dollars) of short-term treasury bonds next week, the Ministry of Finance said here Friday.
China's fiscal revenue for October reached 684.49 billion yuan (about 100 billion U.S. dollars), the Ministry of Finance announced Friday.
"Emerging markets are facing a real risk of possible asset bubbles in the short run given the excessive liquidity in the international system."
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