The week in review: Trade deal review postponed, CBIRC chief warns about NPL, Hang Seng Index welcomes Alibaba, Xiaomi – GlobalCapital
In this round-up, the six month review of the US-China trade deal has been delayed, the head of the Chinese banking and insurance regulator talks about non-performing loan risk and the resurgence of shadow banking activity, and the Hang Seng Index begins including secondary listed companies and those with weighted voting rights. China and the US have postponed a video conference to review the phase one trade deal after six months of its implementation, according to Reuters. The review was set to take place on Saturday, but has been delayed to an unspecified date because of scheduling conflicts and the need to allow time for more Chinese purchases of US exports. * China’s industrial production (IP) went up by 4.8% year-on-year in July, the same pace as in June, according to data released by the National Bureau of Statistics last Friday. Retail sales fell 1.1% year-on-year, a slight improvement from the 1.8% year-on-year drop in June. Fixed asset investment increased 8.3% year-on...