Beijing may currently favour megamergers when it comes to reform of state-owned enterprises, but at least one central bank adviser is suggesting a different approach to dealing with China’s lossmaking zombie companies. “Placement of employees…
Featured Posts Title
China’s US envoy urges end to trade war, but warns Beijing ready to fight
China’s coal imports from Russia rise 6% in March, Indonesia slides
Boeing jet returns to US from China, a victim of Trump’s tariff war
China’s soybean imports from US jump in March, but Brazil set to dominate market
This is Huaqiangbei, the world’s craziest technology market
COVID-19: China Lab Leak Cited As Pandemic’s ‘True Origin’ By Trump Administration
Hong Kong’s oldest pro-democracy party is shutting down as Beijing leaves no room for dissent
Recent Posts
China central bank adviser calls for zombie company clean-up fund
Hong Kong, China most at risk of financial crisis within next three years, bank warns
Hong Kong and mainland China are the most vulnerable economies at risk of a financial crisis over the next three years as over 40 out of 60 economic indicators are sending alarm signals, including runaway…
KFC China releasing Colonel-themed smartphone
It’s starting to seem like the KFC restaurants in China aren’t really interested in serving chicken. “Both brands have witnessed the rise of China in these 30 years, and both embody the spirit of the…
Tightening Its Grip On Hong Kong, China Could Kill Its Golden Goose
It is now abundantly clear that Beijing does not intend to provide full democracy for the people of Hong Kong, and that the handover treaty isn’t even worth the paper its is signed on. China’s…
Apple Opens Data Center in China to Comply With Cybersecurity Law
For example, a government plan called Made in China 2025 names several industries, like robotics and electric cars, in which it hopes its companies will become leaders. Foreign business groups have said the laws unfairly…
China’s New VPN Clampdown Hurts Business, U.S. Group Says
China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain…
China Mobile and ZTE take another small step towards 5G
China Mobile and ZTE have announced (yet) another partnership which takes the pair one (small) step closer to the world of 5G. The partnership itself will focus around the development of Massive MIMO base stations…
18 drinks China can’t live without
“There are some different brands of rice wine in the supermarket, but rice wine isn’t common in restaurants.” Try it at: During the Dongzhi festival (also known as the “arrival of winter”) and at street…
China Is One Step Closer to Becoming a Cash-Free Utopia
In April, Ant Financial, Alipay’s parent company, teamed up with U.N. Environment and other partners to launch the International Cashless Alliance in Hangzhou. Part of an ambitious plan to help advance China into a cashless…
China Shows It Can Clean Up Credit Without Killing Off Growth
PBOC says less off-balance sheet lending has impacted M2 Credit’s still going to economy as new loan pace increases China’s monetary authorities are attempting a feat that would test the world’s best financial overseers: Damping…
China’s more open capital markets will aid its rise as a global financial hub
After a painful defeat by the Kuomintang in 1934, Mao Zedong ( 毛澤東) led the People’s Liberation Army on a series of marches across 9,000km of the Chinese hinterland. The journey would be called the…
China’s 28tr yuan of wealth management products under mounting stress in second half, analysts say
Wealth management products in China used to be a magical option for investors … at least for the banks that have bought into products issued by other financial institutions, analysts say. “Banks usually assume their…
China yuan loans rise, but credit slows
A senior banking regulator said last month that China’s recent steps to control financial risks have gained traction, as some riskier businesses carried out by banks have been contained. The People’s Bank of China switched…
