More Chinese officials sought to reassure investors and homeowners on Wednesday over a debt crisis afflicting the country's property sector, saying risks were controllable and excessive credit tightening by banks was being corrected.
Myanmar's economic turmoil is due to political instability and mismanagement following a February coup, a U.S. official said on Wednesday after a junta minister blamed the crisis partly on foreign backers of its opponents.
The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would pursue all means to secure reforms.
Numbers don't lie, you just need to be looking at the right ones. That's the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group lumbers towards what is expected to be the country's largest-ever corporate default.
China's commodities markets tumbled on Wednesday, led by sharp falls in thermal coal prices, after the state planner said it was considering intervention to cool record prices of the fuel that is vital to power the world's second biggest economy.