China’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in market cap. The smaller Shenzhen and ChiNet indices also has plunged 20% from its recent … Continue reading
More foreign direct investment flowed into China than the US in 2014, bumping the US off the top spot for investment in the world, a position it has held since 2003. China attracted $127.6 billion in foreign investment in the past year, far more than the $86 billion that flowed into the US, according to … Continue reading