EDM 1 – Issue 307

This is the final WiC of the year. We will be back at the start of January: Happy Holidays to our readers!

Fast track or failure? How Hong Kong’s much-delayed bullet train reflects changing times in the Pearl River Delta

Plus: climate talks in Paris, but Beijing chokes on smog; retail investors shun Jinzhou banking IPO; and forecasts for how China will do in 2016.