Auditor Warns of Risks From Local Debt in China

SHANGHAI — The head of China’s national audit office warned on Monday that the country was facing growing risks because of a sharp rise in local government debt and poor controls over borrowing by investment companies set up by municipalities, provinces and other bodies.

China’s central bank may take cue from Europe

BEIJING — China’s central bank is considering taking a page from Europe’s financial-crisis handbook to free up more credit as growth in the world’s second-largest economy slows.

Market Access, Currency Value to Top US-China Dialogue

WASHINGTON — U.S. Treasury Secretary Jack Lew says the pace of economic reform and the need for further appreciation of China’s currency will be among the issues at next week’s (July 9, 10) Strategic and Economic Dialogue in Beijing.

China's Economy May Be Turning The Corner

China’s economy may be turning the corner, according to the just released China HSBC Flash Manufacturing Index (PMI), which rose to 13-month high of 50.4 in November.