EDM 1 – Issue 230

What do deals from Sinopec and COFCO and a canal in Nicaragua tell us about the future of Chinese state capitalism?

Plus: storm for retailer Suning in bank licence breakthrough; Alibaba and Tencent accelerate their online arms race; and Dong Ping’s Miramax moment

Also: Victoria’s Secret shocked in Shanghai; concert fatigue as Chinese flock to Vienna; and Englishman turns away from tycoon wife’s billions