BEIJING - Economic activity indicators for August, including industrial production, fixed-asset investment and retail sales, all showed remarkable improvement from their previous month's readings -- and beat market consensus, according to the global financial services group, BBVA. Although China's recovery was still unbalanced, the silver lining was in retail sales, which entered positive expansion.
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HONG KONG - With minds in Beijing focussing increasingly on the upcoming meeting of the Chinese Communist Party Central Committee in October, high on the CPP's agenda will be the sketching out of a new official five-year plan for Asia's largest economy. Global financial group, Natixis, says a freshly-coined buzzword -- "dual circulation" -- looks set to play a leading role.
SYDNEY - Austrade, the Australian Government's trade and investment agency, is warning that cyber criminals are impersonating Austrade representatives.
BEIJING - Diverging funding costs could indicate that more defaults are on the way for China's weaker State-owned enterprises, according to S&P Global Ratings in a report published today.