In China, Cash Carries the Weight
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BEIJING -- When Wang Xiaoyu set out to buy some sleek Lincoln automobiles for the small company he owns, the problem was how to pay. No dealer in China takes personal checks. Credit card limits are too low. Car loans barely exist.
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Need capital? China's here to help. Just ask Morgan Stanley.
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China's top site has another big quarter.
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The best part? The Chinese government is paying for it.
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Why go slowly? "You can burn a lot of money in China very fast," a top executive says.
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It is the first sign that financial damage from the Chinese market might be spilling into other countries.
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There could still be a way to go in China's frothy equity markets.
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Eager for stable friends, China is making big loans for big projects, competing with the World Bank at its own game.
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KAIPING, China -- In this city and many others in China, senior officials are embezzling tens of millions of dollars and fleeing overseas with their families.
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When cashing out, there are several things to keep in mind.
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In a culture increasingly focused on personal wealth, many Chinese look to traditional fortunetelling tools to enrich them.
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China paid back 32.2 billion yuan (US$3.9 billion) owed to migrant rural workers from rural areas as of December 3, accounting for 95.88 percent of the total owed, the Ministry of Labor and Social Security said in Beijing December 17.
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China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust.
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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.
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Chinese inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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From farmers to millionaires, Chinese from all walks of life are digging deep into their pockets to help victims of Southeast Asia's devastating earthquake and tsunamis in one of the country's largest fund-raising efforts in recent history.
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China on Wednesday raised the proportion of deposits that banks must hold in reserve for the eleventh time since the start of 2007, extending a long-running campaign to mop up excess cash in the banking system.