Bloomberg China’s most popular savings products have become a battleground for the nation’s smaller banks, which are competing for funds in a market that’s drawing increasing scrutiny from national policy makers. Whatever the result, one of the main casualties is set to be the domestic bond market. The accounts known as wealth management products, offering lesser-regulated returns that beat the ...

Bloomberg Lenovo Group Ltd.’s Yang Yuanqing asked for patience as he tries to get China’s top PC maker growing once more, but for the first time publicly vowed to step down as chairman and chief executive if he doesn’t deliver on a critical sales goal. Yang, who helped grow Lenovo into the world’s largest PC maker but also orchestrated the ...

Bloomberg Japanese trade returned to surplus in June, with both imports and exports continuing the strong growth they have had all year. Exports rose 9.7% from a year earlier (estimate 9.5%). Imports increased 15.5% (estimate 14.4% ). The trade surplus was 439.9 billion yen (estimate +488 billion yen). The nation’s modest economic recovery reflected in the trade data and the ...