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The hunt for a Chinese national in the U.S. has sparked political intrigue that could overshadow a visit to the U.S. in September by China’s leader, Xi Jinping.
An Indonesian plane carrying 54 people went missing after it lost contact with ground control on a short flight in the country’s mountainous province of Papua.
Premier Li Keqiang on Sunday visited the scene of a deadly warehouse blast in Tianjin that officials say likely housed hundreds of tons of sodium cyanide. Prosecutors vowed a thorough probe of the blast.
China’s currency isn’t undervalued despite this week’s decline against the U.S. dollar, but the world’s second-largest economy still needs to adopt a fully market-based exchange-rate system within three years, the International Monetary Fund said.
Eurozone finance ministers approved nearly $100 billion in new bailout loans for Greece, sending the country a lifeline as it hurtles toward a battle between its creditors over how to reduce its hulking debt.
According to the People’s Bank of China, total outstanding funds for foreign exchange held by Chinese financial institutions fell $39 billion in July.
Authorities raised the death toll from explosions in the city of Tianjin to at least 50 as they searched for the cause of twin blasts.
China’s central bank is fighting to open the country’s markets, but questions are emerging about whether its creaky financial system, and the people who run it, are up to the task.
The currencies of Asian emerging markets that trade heavily with China fell sharply as investors bet that a weaker yuan will add to pressures on their deteriorating economies.
China’s central bank set the yuan’s reference exchange against the dollar largely in line with where the currency last traded, reflecting Beijing’s pledge to let market forces dictate the currency’s future direction.