BusinessChina's August Trade Reveals Widening Gap as Export Surge Outpaces Sluggish Imports
China's trade figures for August revealed a mixed economic performance, with exports unexpectedly rising 7.2% year-on-year while imports contracted by 0.3%, missing analyst estimates. This widening trade gap intensifies calls from global partners for China to rebalance its economy amidst ongoing domestic challenges and international trade tensions.
BusinessBeijing Enlists State Tobacco Giant in Crucial Financial Sector Capital Drive
China is reportedly leveraging its state-owned tobacco monopoly, China National Tobacco Corporation (CNTC), to provide much-needed capital injections to its financial institutions. This move follows smaller-than-expected initial government infusions and aims to bolster the financial sector's stability and ability to mobilize resources in capital markets.
