EDM1 – Issue 275

Don’t bank on it: woe in Washington as Europeans and South Koreans seek to join China’s new lender

Plus: Ant likely to be an elephant as Jack Ma prepares Alipay for IPO; shoppers swoon as Chanel cuts prices in China; and how Macau hopes to escape its casino crunch with new venues

Also: Chinese company to buy Italy’s Pirelli tyre firm; more delays, as China’s airports ranked as world’s worst; and mentors or new Medicis – how the young uber-wealthy are changing the country’s art world