10 Ways America Is Losing Its Superpower Status to China
Just a few years ago, most people around the globe viewed the U.S. as the world's leading economic power. Now, that title is passing to China, and here are 10 reasons why.
China Construction Bank
Threat of Worsening Inflation Drags Shares Lower in China
Asian shares were mixed Monday. In China the Shanghai Composite Index fell 0.7% and in Hong Kong the Hang Seng Index edged down 0.3% as investors worried that inflation could rise further in the lead-up to Chinese New Year. However, Japan's Nikkei 225 Index climbed 0.7%.
Japanese Consumer Lenders Soar on Nikkei
Shares of Japanese consumer lenders surged on the news that plans are in the works for Osaka to become a special business zone. This would make it exempt from heavy regulations that have long strangled Japanese lenders.
