Economy « Week In China

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Economy

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What lies behind the removal of Chongqing’s Party boss?
Aug 18, 2017 (WiC 376)

After news emerged in June that Chongqing’s police chief He Ting had been hauled in by anti-graft investigators, a dark joke began to do the rounds within China’s largest municipality, praising the resilience of the city. “Four top cops in ...

The Party reiterates its dominant role in China’s state-owned enterprises
Aug 18, 2017 (WiC 376)

‘Management by committee’ is a pet hate for corporate gurus. But for some of China’s largest companies it seems to be a core directive from their government. This follows news that at least 30 state-backed companies listed in Hong Kong are ...

Cainiao’s row with SF Express sets the scene for a longer struggle
Jul 14, 2017 (WiC 374)

Yuetan is a Chinese term that means to set a date and talk. It has a specific political context too. When a private sector firm is told that the authorities in Beijing are asking for a yuetan, it’s usually because they are ...

The China-Israel Investment Summit highlights Zhuhai’s strategic location
Jun 30, 2017 (WiC 372)

Four years ago Gree Electric’s chairwoman Dong Mingzhu made a Rmb1 billion wager with Lei Jun, challenging the Xiaomi CEO that his tech firm’s revenues wouldn’t surpass Gree’s in five years (see WiC266). Dong later claimed the bet was ...

Moody’s downgrade infuriates Beijing
Jun 2, 2017 (WiC 368)

“Unbelievable” said China Daily of Moody’s decision on China’s sovereign debt rating. Late last month the rating agency downgraded China one notch from Aa3 to A1. But the newspaper’s one-word response actually harks back to July 1988, ...

Differing media views as delegates meet for Xi Jinping’s signature summit
May 19, 2017 (WiC 366)

Hong Kong may soon get its own offshoot but the first permanent ‘branch’ of Beijing’s Palace Museum was opened on Xiamen’s Gulangyu island last week. The satellite venue will exhibit some of the Forbidden City’s collection of 13,000 ...

Trump declares victory in first round of trade talks with the Chinese
May 19, 2017 (WiC 366)

America’s commander-in-chief isn’t averse to celebrating his personal achievements and his administration last week billed a new trade deal with the Chinese as “gigantic” and “Herculean”. With the Trump team lurching from one ...

Xi Jinping to play host at Beijing’s inaugural Belt and Road Forum
May 5, 2017 (WiC 364)

Petrol stations are limiting fuel purchases by drivers. Municipal gardeners are working overtime to turn pot plants into huge displays. And neighbourhood committees are asking residents to to swear oaths promising to be on their best ...

Consumers unimpressed as key reform is blocked by local governments
Apr 28, 2017 (WiC 363)

Such was its longevity, perhaps it’s no surprise that efforts to dismantle China’s ancient salt monopoly have run into difficulties. Consumers are crying foul – and only four months after new measures were introduced to stop provincial ...

Cao Dewang wants his family members to take over his firm
Apr 21, 2017 (WiC 362)

“Don’t let your fertile water flow onto an outsider’s field” is an old Chinese saying, which translates into English as “keep it in the family”. The message appears to have been taken on board by Cao Dewang, the founder of Chinese ...

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