Countries in the Asia-Pacific Economic Cooperation bloc will implement flexible fiscal policies to support the global economy and job creation, the finance ministers of the member nations said in a joint statement on Wednesday.
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Negotiations between China and the United States on a bilateral investment treaty are facing big difficulties, Chinese Vice Finance Minister Zhu Guangyao said on Thursday.
China's finance minister on Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the yuan, given an unsteady economy and abnormal capital inflows.
China is likely to meet its economic growth target of 7.5 percent this year, the World Bank said on Friday, but must persevere with fiscal and financial sector reforms to deal with the root cause of its debt problems.
China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm even as growth cools.
China's cabinet has unveiled plans to set up more private banks to boost financial support for cash-starved smaller firms, in the latest bid to bolster the slowing economy.
Authorities in Shanghai have suspended the business of a travel agency in connection with allegations of bribery against British drugmaker GlaxoSmithKline (GSK.L), the official Xinhua news agency said on Thursday.
