China's manufacturing sector posted its best performance in more than two years, adding to signs that the world's second-largest economy is stabilizing, official data showed Tuesday.
Financials
The Chinese yuan strengthened by 0.16 percent against a basket of currencies in October despite weakening against the U.S. dollar, according to data released by the China Foreign Exchange Trade System (CFETS) Friday.
In-depth
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Business activity at service companies grew at a moderate pace, with total new order growth strengthening at the start of the fourth quarter, the survey said.
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The latest quarterly reports of Chinese banks pointed to milder growth in bad loans, adding to evidence the country's credit risk is under control albeit increasing.
Industries
The world's major aircraft manufacturers have high hopes for China's aviation industry, with predictions that the country will be the world's biggest civil aviation market in 20 years.
North China has been caught by sudden cold snap with temperatures already sub-zero, but local power plants have been feeling the chill for a long time as soaring coal prices stripped their profits away.
In a popular residential district near Beijing's South Fourth Ring Road, a real estate agent, Zhao, strolled out of his office and exchanged jokes with his colleagues.
