BEIJING / Reuters China’s campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient and address a supply glut that has hammered ...

SHANGHAI / Reuters The World Bank has approved a $500 million loan to China to support financing of projects to help control air pollution in and around Beijing. The money is part of a broader programme expected to reach $1.4 billion for “green financing” over the next six years that includes another half billion dollars from Hua Xia Bank Co ...

TOKYO / Reuters Japan’s government lowered its assessment of the economy in March for the first time in five months due to weakness in consumer spending, a move likely to reinforce views that more fiscal stimulus will be needed to keep the economy growing. Some of Prime Minister Shinzo Abe’s advisers and prominent overseas economists have been calling for Japan ...