China News
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China’s stocks fell for a fourth day on concern the nation’s economic growth will slow further as the government maintains tight monetary policies to fight inflation and Europe’s debt crisis worsens.
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Temasek Holdings Pte, Singapore’s state-owned investment company, bought shares in China Construction Bank Corp. for as much as HK$21.7 billion ($2.8 billion) about eight weeks after paring its holdings.
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Apple Inc. is preparing to open its first store in Hong Kong this month as the maker of iPhones and iPads aims to capture the surge in demand from China and its neighboring regions.
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Libya’s relations with China will suffer if there is confirmation of a report that Chinese state companies offered to sell Muammar Qaddafi $200 million worth of arms during the rebellion, the North African nation’s new leaders said.
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