China manufacturing woes continue: PMI index slips below 50 pts

Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.

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Tianjin blasts estimated to $1.5 billion in insurance claims

Due to a series of explosions leaving hundreds of people death and others injured, while some are still missing, China is about to start a wave of insurance claims.

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World stocks mostly higher on steady Yuan, Greece expected bailout

Most of the world stock markets were higher last Monday due to the steady Yuan and the expected bailout of Greece.

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China to extend 'parallel import' car scheme to Tianjin

A trial program allowing unauthorized dealers to sell imported cars will be extended to the northern city of Tianjin, China's state media said on Sunday, as the government moves to rein in high-end car prices.

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