China's households divert 12.7tr yuan to wealth-management products

China's households divert 12.7tr yuan to wealth-management products
Trust companies' assets under management fell in June, the China Trustee Association said on Monday. Investors have protested outside some banks this year after delays in trust-product payments. Wealth-management products typically require a minimum …
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China bans Apple products for government use
China has apparently decided to blacklist Apple products including the iPad and MacBook lines for official use, according to Bloomberg. The report says that the government has instructed its procurement arm not to purchase desktops, tablets and laptops …
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