Economy « Week In China

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Economy

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Differing messages from IMF meeting and Xi’s address to Party Congress
Oct 20, 2017 (WiC 384)

China’s A-share market climbed to an all-time high of 6,124 on October 16, 2007. It was a watershed moment that investors remember well. It came just a day after the 17th Party Congress which confirmed Xi Jinping as China’s leader in waiting. ...

Why graftbusters have joined China’s war on fighting pollution
Sep 22, 2017 (WiC 381)

Twenty-six years ago when Swedish packaging giant Tetra Pak wanted to set up shop in southern China, the government of Foshan offered a plot on a new industrial park a few miles out of town. Tetra Pak accepted and its factory thrived. It ...

A Rmb1 trillion problem for Chinese banks
Sep 15, 2017 (WiC 380)

Dongbei Steel has been in difficulties for months – from the news of its initial bond defaults last year (see WiC319) through its challenges in agreeing a restructuring with its creditors (see WiC335). In August there was a resolution (of ...

Pyongyang upstages BRICS Summit
Sep 8, 2017 (WiC 379)

For an acronym to be memorable it should spell something recognisable. So, by that logic the BRICS nations – Brazil, Russia, India, China and South Africa – were always missing a K. Well this weekend they got one, when North Korea ...

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 ...

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