The announcement of the Standing Committee, as well as the 25-member Politburo, comes after the end of the Communist Party congress, China’s most important political meeting. Delegates at the meeting elected the powerful Central Committee,…
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The 4 Possible Channels For A Chinese Financial Crisis
That China is a widely accepted global outlier in the context of credit, debt and leverage, look no further than the latest Financial Stability Report from the IMF, which in no uncertain terms lays out…
China’s Entrepreneurs Squirm Under Xi Jinping’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
China enshrines ‘Xi Jinping Thought’, key Xi ally to step down
“This is about further erasing any distinction between Xi Jinping and the party,” said Jude Blanchette, who studies the party at The Conference Board’s China Center for Economics and Business in Beijing, referring to Xi’s…
China, Southeast Asia aim to build trust with sea drills, Singapore says
CLARK, Philippines (Reuters) – China and Southeast Asian navies aim to hold an inaugural joint maritime exercise next year, Singapore’s defense minister said on Tuesday, as they try to build trust amid conflicting claims over…
Hong Kong bookseller released by China is missing – daughter
Sweden says its citizen Gui Minhai, one of the five jailed “Hong Kong booksellers”, has been released from prison in China. But Mr Gui’s daughter, Angela, said no-one had seen him or spoken to him…
China Enshrines ‘Xi Jinping Thought.’ What Does That Mean?
Mr. Xi’s vision of a resurgent China will now permeate all party indoctrination in schools, the media and government agencies. With the conclusion of the congress, the party and the Chinese news media will begin…
Tesla could face an uphill slog in China
Foreign car companies usually avoid those costly fees by forming joint ventures with local manufacturers to build cars in China. The downside is that forces them to share profits and technology with Chinese partners, an…
China promotes 3 potential central bank leaders
BEIJING — China’s ruling Communist Party has promoted three potential successors to long-serving central bank chief Zhou Xiaochuan, setting up a possible handover as Beijing tries to rein in surging debt and financial risks. The…
China central bank chief raises new worry in China: Mortgage-driven household debt
Although analysts are generally optimistic that Chinese officials will gradually reform corporate reliance on debt, China’s mortgage-fueled household debt is growing at an “alarming” rate, Citi says. Chinese President Xi Jinping called out the property…
China lifts Xi’s status to most powerful leader in decades
BEIJING — The ruling Communist Party on Tuesday formally lifted Xi Jinping’s status to China’s most powerful ruler in decades, setting the stage for the authoritarian leader to tighten his grip over the country while…
Airbnb’s China head exits, a week after co-founder named unit’s chair
BEIJING (Reuters) – The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country…
China fiscal deficit to be under 3 percent target, says finance minister
China’s finance minister said the country’s 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-expected economic growth, South China Morning Post (SCMP) reported on Monday,…
