Finance & Business Ties

China’s economic figures show weak consumer spending, highlighting vulnerabilities in its economy.

Beijing State-owned Assets Management has said it will auction off its 33 percent stake in UBS Securities.

Analysts told The Epoch Times this could fuel discontent with the regime and create catalysts for social unrest.

Beijing has offered to support a free meals programme for Indonesia’s poor.

China’s sluggish economy is causing ticket prices to fall, hitting airlines’ bottom line.

The new duties will take effect on Oct. 30 and will remain in place for the next five years.

Job applications in the public sector have hit a record high amid China’s unemployment crisis and gloomy economy.

Western experts dismiss the notion of BRICS states ditching the dollar given the greenback’s central role in today’s globalized economy.

BRICS currently accounts for 45 percent of the world’s population and 35 percent of the world’s economy in terms of purchasing power.

Without deep structural reforms, further risks in the financial market could be exacerbated and even trigger a bigger economic crisis, Sun Kuo-hsiang said.

‘I believe that American businesses, American investors, want to do the right thing,’ said Rep. John Moolenaar (R-Mich.).

‘RCEP did not reflect the aspirations of our small and micro medium industries,’ India’s minister of commerce said.

The German airline also cites high cost and weak demand as reasons for the consideration.

China’s real economic situation could be much worse than what the official data show, Chinese American economist Davy J. Wong said.

Over the past 20 years, the central bank has avoided buying such bonds in the secondary market, except in 2007 when China’s stock market tumbled.

Stock exchanges have stopped releasing real-time data on foreign funds buying Chinese stocks, which is a key indicator for investors.

Experts say it will expand China’s influence in Central Asia to compete with Russia.