Bloomberg Sales of diggers at a five year high. The price of rebar, a steel product used to reinforce concrete, back at 2012 levels. Crude steel output surging to a record. China’s economy may be slowing down but the nation’s old economy is still booming. The government’s effort to keep Asia’s biggest economy on track for its 6.5-percent growth target ...

Bloomberg SoftBank Group Corp. has quietly amassed a $4 billion stake in Nvidia Corp. making it the fourth-largest shareholder in the graphics chipmaker, according to people familiar with the situation. The Japanese company, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments to the technology investment fund ...

Bloomberg Chinese consumers may have a lot more cash at their disposal than previously thought — and they’re ready to flash it. That’s the upshot of two items throwing fresh light on the outlook for consumer spending, a key metric in China’s much-vaunted shift from an investment- and export-led economy to one more based on people buying things like holidays, ...