China wasted $6.9 trillion on bad investment post 2009: media

(Reuters) - China wasted an approximate 42 trillion yuan ($6.9 trillion) on "ineffective investment" in the five years from 2009, with the problem worsening in the past two years, a government official and an economist were quoted as saying in the local media.

China's GDP growth may fall to 5 percent by 2017: media

(Reuters) - China's economic growth could slow to around 5 percent in the next two to three years, Chinese media quoted a researcher at an influential think tank linked to the state cabinet as saying, a forecast that contrasts with rosier official estimates.

China plans new privately financed banks

Up to five private banks will be created in China this year as it looks to open up the financial sector and raise competition in the industry.