China economy faces growing downward pressure: Vice Premier Li Keqiang

BEIJING: China should rely on domestic demand and structural reforms to support the economy which faces growing downward pressures, Vice Premier Li Keqiang said on Wednesday.

HSBC to refocus on Asia as £14bn profit looms

The London-based bank is set to say at its annual results that it will focus its efforts on growing economies such as China at the same time as maintaining its market share in lower growth Western economies such as the UK.