Chinese economy

China’s Mega Banks Are in Mega Trouble—And So Is the Chinese Economy

So China’s “Mega Banks” are truly in mega trouble. And if the big banks are in trouble, so must be the Chinese economy. These days, the banks and the economy are one in the same.

A food crisis in China?

Severe flooding, insect infestation, and COVID-19 may be contributing to a food shortage.

‘Dual circulation’ strategy China’s message to US

The year 2016 was marked by a strong wave of right-wing populism, isolationism, protectionism, and anti-globalization on both sides of the Atlantic. The current...

China is holding a fake economy to prevent a collapse

Chinese stocks climbed to a two-year high on Monday after the country's central bank announced $101 billion in new stimulus measures.

China facing food shortage after months of flooding, infestations

Xi's description of food waste as 'shocking and distressing' could portend looming food shortage.

‘Everything is gone.’ Flooding in China ruins farmers and risks rising food prices

"The crops have completely failed," Bao told CNN Business in an interview over the social media app WeChat, adding that his family has already lost roughly 200,000 yuan ($28,000) worth of produce. "The rice was nearly ripened and ready to harvest before the flooding. But now everything is gone."

China economy cover up: Economist uncovers ‘impossible’ figures reported by Beijing

CHINA may well be distorting its economic statistics as some analysts point to serious flaws within the country's recovery following COVID-19.

What the potential crisis on the Yangtze means for China and the world

As if 2020 has not been sufficiently crisis-laden for the People’s Republic of China, it now faces the potential for major catastrophe due to massive rains.

China pursues economic self-reliance as external risks grow: advisers

China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as U.S. hostility and a global pandemic increase external risks that could hamper longer-term progress.

Xi speeds up China’s inward economic pivot

President Xi Jinping is accelerating his push for a China that can stand on its own feet as mounting pressure at home and abroad exposes the vulnerability of Beijing’s economic model.

You May Like

Chinese e-commerce giant JD.com has a drone that can deliver packages weighing as much...

China's second largest e-commerce giant has developed a drone which can deliver packages weighing as much as one ton throughout rural areas of the country, according to JD.com's Chief Technology Officer (CTO).

China’s bad debts may be $US6.8 trillion higher than official figures suggest

Bad debts in China are increasing significantly faster than what the Chinese central bank reports, according to a prominent Chinese banking analyst.

State-Owned Telecom Subsidiary Looks to Africa to Reverse Its Fortunes

After years of slowing profit growth in a crowded domestic telecommunications market, China Communications Service Corp. Ltd. is hoping a massive infrastructure project in Africa will reverse its fortunes.

Why Does China Dominate List of Self-Made Female Billionaires?

Beijing’s Jinbao Street, with its ritzy stores selling Lamborghinis and diamond-encrusted Rolexes, feels like a garish version of New York’s Fifth Avenue. And the...

Canada prepares for an Asian future

By Ayesha Bhatty Chinese immigrants have flocked to Canada's west coast and transformed Vancouver into Canada's very own Asian metropolis. The days of concern over...

List of most popular websites

This is a list of the most popular websites worldwide according to the top 100 lists published by Alexa Internet, as of December 28,...

London’s first Chinatown

The Oriental Quarters Between 1854 and 1856 many Chinese seamen were housed at the 'Oriental Quarters' by the riverside at Shadwell. They were off the High...

The World’s 56 Self-Made Women Billionaires: 40% from China

More women entrepreneurs than ever before have climbed into the 10-figure club. A record 56 self-made women are now billionaires including the first ever...

How Much U.S. Debt Does China Own?

By Thomas Kenny China's Large Position in U.S. Treasuries The United States’ debt load has risen substantially since the start of the millennium raising concerns about the...

Australia’s economic relationships with China

Dr Anne Holmes, Economics Key issue As the Chinese economy moves from a focus on investment in physical infrastructure to developing social infrastructure, and as it...

Why Xi Jinping put his new city dream in old hands

Former Shanghai mayor Xu Kuangdi, 79, played key role in Pudong’s development. President Xi Jinping has put his dream for the Xiongan New Area in...

How China’s Biggest Bank Became Wall Street’s Go-To Shadow Lender

The prize for Industrial & Commercial Bank of China Ltd. isn’t stocks, bonds or currencies. It’s the grease in the wheels of all those markets: repurchase agreements.

China developer Evergrande spooks investors with liquidity crunch warning

The world’s most indebted developer has warned Chinese officials it faces a potential default that could roil the nation’s $50 trillion financial system unless regulators approve the company’s long-delayed stock exchange listing.

HSBC shares plunge to 25-year low on banks report, China fears

Report by investigative journalism group says banks, including HSBC, benefited from ‘powerful and dangerous players’.

HNA Group founder Chen Feng barred from luxury spending after failing to pay investor in lawsuit

The founder and chairman of HNA Group has been ordered by a court in China that he cannot indulge in luxury spending after the aviation-to-property conglomerate and its subsidiary failed to pay an investor in a lawsuit.

China’s Anbang Insurance Group applies to formally disband, liquidate

China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company.

Chinese airlines’ losses mitigated by domestic travel

China's biggest airline on Saturday reported less severe losses in the second quarter as domestic travel picks up with the coronavirus outbreak brought largely under control.

Taiwan Takes Swipe at Alibaba’s Taobao over Mainland Ownership and Information Security Concerns

Just a week after announcing the decision to stop internet television streaming services from iQiyi and Tencent, Taiwan turned its attention to the local branch of Alibaba’s e-commerce site Taobao because of its Chinese mainland ownership.

Foxconn reportedly considers new Mexico factory over China trade war concerns

Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.

Apple removes thousands of games from the Chinese App Store, alarming observers

As tensions rise between the US and China, Apple’s Chinese operations — which include millions of Apple customers and much of the company’s manufacturing operation — could be at risk. 

Shares of iQiyi tumbled after the launch of SEC probe into fraud allegations

Iqiyi Inc., a Chinese Netflix-style streaming service that’s backed by Baidu Inc., tumbled as much as 19% after disclosing that the company is under investigation by the U.S. Securities and Exchange Commission.

iPhone Maker Foxconn Says China’s ‘Days as the World’s Factory Are Done’

China will no longer be the world's manufacturing epicenter going forward, according to Apple's largest supply chain partner Foxconn, which has been gradually expanding its operations in other countries amid the U.S.-China trade war.

Finance

Money

Rich, Connected Chinese Bought Cyprus Golden Visas, EU Passports

Among the beneficiaries of Cypriot so-called Golden Visas that come with European Union passports allowing travel, banking and work in the 27-member bloc were Asia's richest woman and China's wealthy, some said to be anxious they would lose their holdings otherwise.

Collapse of Chinese peer-to-peer lenders sparks investor flight

A wave of defaults is sweeping across China's Rmb1.3 trillion ($256 billion) peer-to-peer lending industry, causing investors to withdraw funds and platforms to collapse, the...

Debt Crisis Shakes Chinese Town, Pointing to Wider Problems

SHANGHAI — In China, it’s all about whom you owe. That precise question — who owes what to whom? — shook the Chinese industrial town...

Entrepreneurs

Tik Tok will be a joint venture with Oracle and Walmat

We have some very big news on TikTok.  TikTok is moving along.  We’re dealing with Oracle, which you know of.  Larry Ellison.  And we’re dealing with, as a combination, Walmart — Walmart, a great company. 

TikTok CEO quits amid US political storm with Donald Trump over national security concerns

Chief executive of the internationally-popular Chinese video sharing app TikTok has quit as boss of the social media platform amid a political storm brewing between the company and US President Donald Trump.

Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO

Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet...

Trump’s ban of Chinese apps has lots of precedent in other countries, and Apple...

President Donald Trump issued an executive order on Thursday ordering U.S. firms to stop doing business with TikTok and WeChat.

China’s Rich List is Out, No Prizes for Guessing Who’s Still on Top

The Hurun China Rich List 2019 was released today, October 10, and reveals just how deep the pockets of China’s elite run.
video

The People’s Republic of The Future

When it comes to technology, Shenzhen may well be the most fascinating city in the world. It makes the majority of our electronics. It clones the best technology Silicon Valley has to offer with ease.

Trade

US considers blocking deals with China’s largest chip maker

The US’ trade bans on Chinese companies like Huawei and ZTE might have been just the beginning. The Defense Department has confirmed to the Wall Street Journal that agencies are discussing whether or not they’ll add China’s Semiconductor Manufacturing International Corp. (SMIC) to a Commerce Department entity list that effectively bans trade with American firms.

Argentina delays China pork export deal amid environmental protests

Argentina has delayed until November the signing of a memorandum of understanding with China aimed at increasing investment in Argentine hog output, a government source said on Tuesday.

India-Japan-Australia supply chain in the works to counter China

India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour.

Chinese Companies Lack Resilience in Supply Chains

These companies had supply chain strategies to deliver experiences linked to key customer value propositions, such as sustainability, data privacy/security and customized delivery and service.

China’s foreign direct investment flows

Many commentators are saying that the rest of the world will now seek to reduce its connections to China, but the data tells a different story, Chunlai Chen and Christopher Findlay write.

Reshoring, restructuring, and the future of supply chains

Risks can be hidden in a supply chain, Simchi-Levi said, and aren’t always associated with a particular region. Overall, companies should focus less on location and more on stress tests.

Economists

What the potential crisis on the Yangtze means for China and the world

As if 2020 has not been sufficiently crisis-laden for the People’s Republic of China, it now faces the potential for major catastrophe due to massive rains.

China is choosing a different approach to stimulus — is the world ready?

Earlier this year, Apple CEO Tim Cook published a letter to Apple investors warning that the greater-than-expected economic deceleration in China would lead to end-of-year revenue...

China is blocking World Bank report that calls for state-owned enterprise reform

China has delayed the publication of a report on its economy, written in conjunction with the World Bank, as it tries to tone down...

China to Davos: Stop freaking out about our economy

China has a message for the Davos crowd: Fear about an economic slowdown is overblown. In a speech at the World Economic Forum, Vice President...

US-China trade deal would have to be ‘extremely far-reaching’ to calm the markets, JP...

Global markets are enjoying some gains this week on hopes that Beijing and Washington will reach a trade agreement, but strategists at J.P. Morgan...

China is not the economic superpower people think. That’s why it’s important to wait...

The relationship between the United States and China has deteriorated with startling speed. An uneasy truce holds while the two governments try to negotiate...

Trade Relations

US and China face awkward talks as China misses its trade commitments

China has been quite restrained in the face of the increasing hostility of the Trump administration, generally confining itself to rhetoric rather than retaliation.

How strong are Britain and China’s economic ties?

The economic relationship between the UK and China has grown significantly over the past two decades.

Japan reveals 87 projects eligible for ‘China exit’ subsidies

Japan's Ministry of Economy, Trade and Industry on Friday unveiled the first group of Japanese companies to subsidize for shifting manufacturing out of China to Southeast Asia or Japan.

Manufacturers Shift Work From China to Avoid Tariffs

A growing number of Asian manufacturers of products ranging from memory chips to machine tools are moving to shift production from China to other...

How the yuan’s return to stability helped China become the largest holder of Treasurys

China holdings of U.S. government paper rise to $1.147 trillion, up more than $44 billion from the previous month. China’s efforts to stabilize its currency...

China says US trade probe would violate international rules

China criticized President Donald Trump's order for a possible U.S. trade investigation of Beijing's technology policies as a violation of global rules and said...

China developer Evergrande spooks investors with liquidity crunch warning

The world’s most indebted developer has warned Chinese officials it faces a potential default that could roil the nation’s $50 trillion financial system unless regulators approve the company’s long-delayed stock exchange listing.

What are the FinCEN files? Here’s what to know about the...

BuzzFeed News and dozens of other newsrooms have published a massive trove of documents known as the “FinCEN Files,” named after the US Treasury Department’s Financial Crimes Enforcement Network headquartered in Washington D.C.

HSBC shares plunge to 25-year low on banks report, China fears

Report by investigative journalism group says banks, including HSBC, benefited from ‘powerful and dangerous players’.

Tik Tok will be a joint venture with Oracle and Walmat

We have some very big news on TikTok.  TikTok is moving along.  We’re dealing with Oracle, which you know of.  Larry Ellison.  And we’re dealing with, as a combination, Walmart — Walmart, a great company. 

HNA Group founder Chen Feng barred from luxury spending after failing...

The founder and chairman of HNA Group has been ordered by a court in China that he cannot indulge in luxury spending after the aviation-to-property conglomerate and its subsidiary failed to pay an investor in a lawsuit.

China’s Anbang Insurance Group applies to formally disband, liquidate

China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company.

Hong Kong tycoon Li Ka-shing moving out of China

Hong Kong tycoon Li Ka-shing plans to dispose of two properties in Beijing and Shanghai worth of 50 billion yuan ($10 billion), a sign the billionaire is further pulling out of the Chinese mainland.

US considers blocking deals with China’s largest chip maker

The US’ trade bans on Chinese companies like Huawei and ZTE might have been just the beginning. The Defense Department has confirmed to the Wall Street Journal that agencies are discussing whether or not they’ll add China’s Semiconductor Manufacturing International Corp. (SMIC) to a Commerce Department entity list that effectively bans trade with American firms.

China’s Mega Banks Are in Mega Trouble—And So Is the Chinese...

So China’s “Mega Banks” are truly in mega trouble. And if the big banks are in trouble, so must be the Chinese economy. These days, the banks and the economy are one in the same.

China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times

China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying.

A food crisis in China?

Severe flooding, insect infestation, and COVID-19 may be contributing to a food shortage.

Argentina delays China pork export deal amid environmental protests

Argentina has delayed until November the signing of a memorandum of understanding with China aimed at increasing investment in Argentine hog output, a government source said on Tuesday.

Chinese airlines’ losses mitigated by domestic travel

China's biggest airline on Saturday reported less severe losses in the second quarter as domestic travel picks up with the coronavirus outbreak brought largely under control.

Rich, Connected Chinese Bought Cyprus Golden Visas, EU Passports

Among the beneficiaries of Cypriot so-called Golden Visas that come with European Union passports allowing travel, banking and work in the 27-member bloc were Asia's richest woman and China's wealthy, some said to be anxious they would lose their holdings otherwise.

TikTok CEO quits amid US political storm with Donald Trump over...

Chief executive of the internationally-popular Chinese video sharing app TikTok has quit as boss of the social media platform amid a political storm brewing between the company and US President Donald Trump.

Ant IPO: China’s mighty financial group heads for a mega market...

Chinese financial technology group Ant has unveiled plans for a stock market debut that may raise a record $30bn (£23bn).

Taiwan Takes Swipe at Alibaba’s Taobao over Mainland Ownership and Information...

Just a week after announcing the decision to stop internet television streaming services from iQiyi and Tencent, Taiwan turned its attention to the local branch of Alibaba’s e-commerce site Taobao because of its Chinese mainland ownership.

What You Need to Know About Chinese Central Government’s Digital Currency

The status of unofficial digital currency, such as Bitcoin and Ethereum, may decline. People may be reluctant to use them because the government-backed ones have come out. Digital currency uses peer-to-peer networks and does not go through a financial institution, like a bank.

‘Dual circulation’ strategy China’s message to US

The year 2016 was marked by a strong wave of right-wing populism, isolationism, protectionism, and anti-globalization on both sides of the Atlantic. The current...

Foxconn reportedly considers new Mexico factory over China trade war concerns

Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.

Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO

Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet...