China’s CITIC Bank approves deal for stake in Kazakh lender

SHANGHAI China's CITIC Bank Corp Ltd (601998.SS) said late on Wednesday its board had approved a deal to buy a 60 percent stake in Kazakhstan's Altyn Bank, a subsidiary of Halyk Bank HSBK.KZ(HSBKq.L), the country's No.2 lender by assets. Halyk Bank said in ... ( read original story ...)

A financial crisis in China could also take down Australia

Australia managed to survive the global financial crisis with the help of a huge stimulus program from China. Chinese demand for Australian minerals prevented our economy from tanking. However, almost a decade later, doubts have arisen about the health of ... ( read original story ...)

China May imports, exports unexpectedly speed up but seen fading

Concerns over China landed squarely back on global investors' radar after Moody's Investors Service downgraded its credit rating last month, saying it expects the country's financial strength will erode in coming years as growth slows and debt continues to ... ( read original story ...)