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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.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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