Oil falls as U.S. drilling undermines drive to tighten markets
SINGAPORE Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
BEIJING China's property investment is likely to slow in 2017 and fixed-asset investment growth could come under pressure, Xinhua news agency quoted Ma Jun, chief economist of the central bank, as saying.
China's foreign trade is likely to rebound next year, while domestic consumption may be stable, Ma was quoted as saying.
Ma also expected China's proactive fiscal policy to continue next year, Xinhua said.
(Reporting by China monitoring desk and Kevin Yao; Editing by Kim Coghill)
SEOUL/BEIJING Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.