Though central government agencies have struggled to spend their budgets, this summer saw shrinking growth in state revenues that could herald the end of an era of surpluses.
China's sovereign wealth fund, China Investment Corporation (CIC), is unlikely to inject more money into US private equity firm Blackstone, which the former had in last year spent multi-billion dollars on.
Shanghai-based Hua An Fund Management Co. is one of the casualties of Lehman Brothers' collapse. But the fund also has itself to blame for its current predicament.
The current financial storm in the Wall Street has quickened the pace for China to relax its monetary policy, and market analysts are expecting more interest rate cuts to come.
The Shanghai composite index has jumped beyond 2,000 points in Friday's morning trading session after the government announced a series of measures on the night of Sept 18.
Around eight global asset management firms have been picked by China's pension fund as potential managers to look after its overseas investment portfolios.
Labor-intensive industries are expected to lose out under a proposed Value-added Tax (VAT) regime change in China; and Chinese provinces with resource-based economy might gain.
China has reversed its initial reluctant and joined the International Monetary Fund (IMF)brokered voluntary code of conduct for sovereign wealth funds (SWFs).
A value-added tax (VAT) reform under consideration may cause 150-billion yuan revenue loss to the Chinese government, but it could also stimulate the economy.
China's central bank policymakers have recently begun discussing a pilot project to give select small-to-medium sized businesses the ability to float bills through Chinese banks.
China has replaced the US to become Japan's biggest export destination, latest statistics shows; and China's trade surplus against Japan is narrowing for the past years.
Slower growth for China's foreign exchange reserves and money supply have led market observers to believe that hot money has started retreating from the country.
Worries over post-Olympic debts arise as the Beijing organizing committee ups its budget for the third time, while one research center lowers its expectation on the Games' contribution to Beijing's GDP growth to a mere 0.8%.
