China’s three-decade economic boom, marked by gravity-defying double-digit growth rates, has been accompanied by a sharp increase in income inequality, according to a new study from French economist Thomas Piketty. “China’s inequality levels used to…
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China just went full-on Big Brother on its credit card system
The banks will report that data to the State Administration of Foreign Exchange (SAFE) daily. This a reminder that, though China has been quiet, all is not well. Officials are doing this because downward pressure…
U.S. to China: Free men who probed shoemaker for Ivanka Trump
WASHINGTON — The State Department called Monday for the immediate release of three labour activists who investigated a Chinese company that produced Ivanka Trump shoes in China. The Associated Press reported that the men were…
China must rein in rapid growth in local govt debt — economist
BEIJING: China must rein in rapid build-up in local government debt and should implement reforms at the local level to raise transparency and let market forces play a bigger role, an influential government economist said…
China’s flexible in how it deals with yuan value
Will China ever float its yuan? Officially, there is no peg to the US dollar. However, the People’s Bank of China (PBOC) maintains the value of the yuan within a certain upper and lower limit…
China plans to halt issuing new electric vehicle permits, sources say
China plans to halt issuing permits to produce electric vehicles because of concern additional approvals may lead to a glut in the world’s biggest auto market, according to people with knowledge of the matter. The…
China Everbright’s arm plans to raise second dollar property fund
HONG KONG China Everbright Limited’s (0165.HK) real estate private equity arm plans to raise its first China-focused dollar fund in seven years to tap rising demand from foreign investors for assets in the world’s second…
Three giant pandas return to China from Japan
The official Xinhua News Agency said the three were travelling Tuesday to the … The program has led to the births of 15 pandas, eight of whom have now returned to China, according to Xinhua.…
California, China defy U.S. climate retreat with new cleantech tie-up
BEIJING California said it will cooperate with China on clean technology, emissions trading and other “climate-positive” opportunities as it bids to fill the gap left after President Donald Trump pulled the United States out of…
Beijing’s meddling means the yuan may never be a truly global currency
“The [yuan] is rising but will not rule,” wrote Cornell University’s Eswar Prasad in the March edition of the International Monetary Fund’s Finance and Development magazine. Since then, there has been renewed evidence of Beijing’s…
China’s global plan for the yuan on track, in step with financial markets opening, bank says
China’s financial markets will continue their gradual pace of opening, a process in lock step with the ongoing internationalisation of the yuan, according to Yue Yi, chief executive officer of Bank of China (Hong Kong).…
Chinese securities regulator slows IPO approvals to bolster market confidence
Less than two weeks ago, the CSRC unveiled rules broadening sell-off restrictions to all pre-IPO investors and tightening stock sales carried out by major shareholders through block trades. China’s stock regulator often slows down or…
China Looks to Capitalize on Clean Energy as U.S. Retreats
China is capitalizing on the leadership vacuum left after President … Extremely cheap Chinese panels have driven dozens of Western companies out of business, including several more in recent months. Chinese players like JinkoSolar and…
