206 Archives | Week In China

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WiC 206 (Aug 30, 2013)

Suning bets bank

Banking & Finance, Talking Point Top retailer reveals its ambitions to get a bank licence

Established in 1906 in Shanghai, Sin Chun was China’s first privately-owned banking institution. It was opened at a time when foreign banks ...

Energy & Resources Major default has bank bosses worried about credit risk of state…

When Lehman Brothers closed its doors in 2008 it earned a dubious accolade as the biggest corporate bankruptcy in American history. According to ...

Charging for entry

Auto Industry Tesla Motors on the verge of China move; how will BYD react?

When Elon Musk was asked in an interview with Bloomberg TV in 2011 what he thought of his Chinese competitor BYD, he laughed. When pressed further, the ...

China Consumer Firm sees danger of over-relying on one product

If Beyonce can’t convince Americans to drink more soda, who can? That’s a question being asked by analysts after PepsiCo – which signed the pop ...

Seeing the light

Energy & Resources Why Tangsteel is moving away from its core business

It’s official – steel is China’s least profitable industry. In the first half of the year, the average profit margin at members of the China Iron ...

Silence in court?

Economy Bo breaks the mould, fighting back against his accusers

If the Gu Kailai trial last year was the TV pilot, then the trial of her husband Bo Xilai, which ended this week, was the full, follow-up series that ...

The five main “revelations” from the trial

Economy Recap on Bo's trial

1. That Bo’s erstwhile right hand man in Chongqing, Wang Lijun was in love with Bo’s wife Gu Kailai, and that they may have been having an ...

Banking & Finance Regulator investigating Shanghai insurance broker, as boss flees to Fiji

The South Pacific island of Fiji has seen an influx of Chinese tourists in recent years – from just over 4,000 in 2009 to nearly 27,000 last year, ...

Sport TV show pits Chinese kung-fu against foreign forms of combat

Propagandists seeking to promote the global appeal of traditional Chinese culture were disappointed in May, when the martial art wushu failed ...

Monster takings

Entertainment Flopped in US, big in China

Chinese moviegoers seem to like a good monster movie. Last year, Battleship (a rather forgettable film in which the American navy takes on ...

Society Popular blogger arrested

There are enough brothels in Beijing to make the average punter think that the authorities don’t regard the sex trade – which is technically ...

Planet China With temperatures in Shanghai exceeding 40 degrees this month – and…

With temperatures in Shanghai exceeding 40 degrees this month – and sweltering conditions extending across much of the country – the locals have ...

Very much in fashion

Sino-File “The whole industry only started when I started the magazine. It…

Vogue China’s founding editor Angelica Cheung tells the Financial Times that her magazine has 1.2 million readers in print and online, more than ...

Cartoons In the bag

Xi Jinping’s crackdown on waste and corruption is said to have led to a slowdown in luxury goods sales, a move that saw Gucci even halt its store ...

And Finally Another sport, another failure: fans ask why

Among candidates for China’s greatest humiliation on a basketball court, high on the list is a match played in Afghanistan in 1970, when a Chinese ...