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The latest business and finance news from around the world, on the BBC.

World Business Report: China pledges more economic reforms

15/11/2013

China pledges more economic reforms

BBC World Service - World Business Report, China pledges more economic reforms

China says it'll allow a greater role for the private sector in state led industries.

China's leaders say they'll allow a greater role for the private sector in state led industries like banking. We ask whether the economic reforms are real or merely cosmetic. Also the fair trade movement is celebrating its 25th birthday - how much have farmers and other producers in the developing world benefitted? And Mike Johnson reports on how business is booming at upmarket pawnbrokers - where everything from helicopters to Lamborghini sports cars are being exchanged for cash.

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