US housing prices rally by 1.7%
In the United States housing prices tacked on by up to 1…
China SOEs will resist privatization
China is expected to resist bad ideas, including privatization. Instead, it should drastically strengthen the role of the Communist Party in publicly owned companies, as the head of the country's state asset regulator told on Friday.
China turns to be in the middle of a reform program aimed at shaking up its debt-ridden, bloasted state sector for the purpose of creating innovative as well as globally competitive multinationals.
However, China's leaders have repeatedly emphasized that while local companies require being more competitive and responding better to the market, they’re bound to keep fulfilling their strategic objectives under the firm leadership of the country’s Communist Party.
The chairman of the State-Owned Asset Supervision and Administration Commission, Xiao Yaqing told that China shouldn’t hesitate when it comes to making state-owned companies big and extremely competitive.
Similar
Retail sales in Great Britain recover in April
Retail sales in the United Kingdom got back to surge in April, reviving from unusually bad weather in March…
Forex today: risk-off sentiment is still actual
The US dollar is falling. On Wednesday, the greenback managed to test levels above $94, however, didn’t stick there and closed at $93.90.
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
