China held large-scale military drills in the waters and skies surrounding Taiwan on Monday, a show of force that signaled the growing threat of Beijing’s ability to choke the self-governing island that China claims as its own. China said its army, navy, air force, rocket force and other troops took …
Read More »China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
China’s powerful Ministry of Finance said on Saturday that it would borrow more to help cash-short localities and put more money in the hands of state-owned banks, an effort to address a severe slowdown in real estate and shore up crumbling consumer confidence. Lan Fo’an, the finance minister, did not …
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