Net income at Chinese industrial companies rose by 12% on year in July, up from 6.3% in June, providing further evidence that the economy is stabilizing

Net income at Chinese industrial companies rose by 12% on year in July, up from 6.3% in June, providing further evidence that the economy is stabilizing. Meanwhile, Yi Gang, a deputy governor of the People's Bank of China, believes that the Fed's tapering may only have a limited impact on his country compared with other emerging nations.