China held a forum with African leaders today, offering $20 billion in loans to countries throughout the continent over the next three years. The pledge almost doubles China's previous aid to Africa, strengthening a relationship that has attracted a lot of criticism from the West.
Some of China's biggest companies are warning that profits for the first half of this year could be cut in half. It's the latest evidence of an economic slowdown in China and gives you a sense of how big that slowdown might be.
For the past few years, China has had much higher economic growth rates than we're seeing in the U.S. But when China releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years.
Corruption watchdog group Transparency International released a report today admonishing big business to do more to crack down on corruption. The report slams companies from China and Russia along with American financial services corporations.