But to improve financial security, Beijing needs to crack down much more heavily on the massive shadow banking system, which has grown exponentially in recent years. The trouble is that this could crimp bank lending,…
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Worries about Chinese dynamism as Beijing seeks greater economic control
China’s electric car output to hit one million next year: BAIC chairman
BEIJING (Reuters) – China’s electric vehicle (EV) production could touch 1 million units next year and 3 million units by 2020, said Xu Heyi, chairman of carmaker BAIC Group, on Wednesday, likely exceeding a government…
China third-quarter GDP growth likely to cool as property, debt curbs bite
BEIJING (Reuters) – China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government’s efforts to rein in the property market and debt risks…
China’s first space station is doomed — but objects inside of it may reach the ground unharmed
China recently told the United Nations that Tiangong-1 could … who works for the Aerospace Corporation, told Business Insider. “So basically, the heating will just strip these various layers off. If you’ve got enough layers,…
Beijing has unveiled a $12 billion airport that’s the biggest in the world — here’s the first look
Beijing is getting ready to unveil a brand new airport that’s set to become the world’s largest. The Beijing Daxing Airport is being built 42 miles south of the Chinese capital. It’s a looming steel…
The Saudi Aramco IPO is Not Too Big to Fail – It Might Be Too Big To Happen
For Beijing, a Hong Kong listing of Saudi Aramco carries with it … It’s not that the Saudi Aramco IPO is too big to fail – it’s that it might be too big to happen.…
An Alibaba-backed fintech company founded by a 34-year-old just had an amazing IPO
Chinese fintech is red-hot Qudian’s strong IPO illustrates the red-hot market for fintech in China. Some of the world’s largest privately owned financial technology companies are based in China, including Lu.com, a Shanghai-based personal finance…
China IPO Qudian Opens With a Bang
A Chinese consumer micor0-lender called Qudian (QU) jumped more than 30% Wednesday on its first day of trading in the United States. The shares were priced at $24, according to Reuters, and were recently trading…
China Mobile: Misleading News
It turns out, the picture is somewhat deceiving. Indeed, in places it turns out the picture is fake news, and goes directly against known facts. Shanghai in ruins, original by JonasDeRo There are times when…
China Will Further Open Its Economy and Deepen Reforms, Pledges Xi Jinping
(BEIJING) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will…
Tillerson seeks stronger ties with India, chides China
and analysis from ABC News. Secretary of State Rex Tillerson called Wednesday for the U.S. and India to expand strategic ties. He also pointedly criticized China, which he accused of challenging international norms needed for…
WhatsApp is blocked in China and VPNs are being hit as the Communist Party Congress begins
WhatsApp has been blocked in China while other communication platforms like WeChat have been disrupted, as the country’s Communist Party Congress began on Wednesday. CNBC confirmed the blockage with two producers in Beijing, who said…
Qudian’s stock soars above IPO price on public debut
Shares of Beijing-based micro lender Qudian Inc. QD, +30.36% soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million…
