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China to buy more Brazilian soybeans for Q4 as U S crop suffers

China, the world s biggest soybean importer, is likely to buy a larger volume of the oilseed from Brazil than usual for September to December, three trade sources said, as prices of new-crop.

China banks under pressure as local debt crisis mounts

Large Chinese banks are under pressure from Beijing to sacrifice their margins and extend new loans to cash-tight local government financing vehicles (LGFVs). Bloomberg reported that state banks have in recent months been offering LGFVs loans with a maturity period of 25 years, instead of the normal 10 years. Some of the loans came with waivers on any interest or principal payments for the first four years, though the interest will be accrued for later payment, unnamed sources were quoted as

China Envoys Grab Billions in Unprecedented Push for Deals

Large Chinese delegations of city and business officials have made hundreds of trips to Asia and Europe since December, in a bid to “grab” foreign investment.…

Large Chinese reconnaissance balloon spotted over the US, officials say

Large Chinese reconnaissance balloon spotted over the US, officials say
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