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Important news
在线翻译:
szdaily -> Business
At a Glance
    2017-December-4  08:53    Shenzhen Daily

Interbank business

THE banking regulator said Friday that the country’s interbank business slowed significantly in the first 10 months of the year, with the total volume of wealth management products (WMPs) shrinking by 2.7 trillion yuan (US$408.72 billion).

Interbank assets and liabilities of banking institutions in the January-October period declined by 3.4 trillion yuan and 1.4 trillion yuan, respectively, Xiao Yuanqi, head of prudential regulation for the China Banking Regulatory Commission, told a news conference.

GM recall

ONE of General Motors Co’.s China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said Friday, the latest in a spate of major auto recalls in China over the last few months.

SAIC-GM-Wuling Automobile Co. is a three-way tie-up between SAIC Motor Corp., General Motors (GM) and Guangxi Automobile Group, formerly known as Wuling Motors. The recall of the 938,686 vehicles involves two models of the venture’s popular Baojun cars.

Economy status

THE Ministry of Commerce has expressed “strong dissatisfaction and firm opposition” to a statement by the United States to the World Trade Organization (WTO) that it opposes granting China market economy status, Xinhua reported.

China has already appealed to the WTO over a similar case, Xinhua quoted the ministry as saying Saturday.

 

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