It is a truth universally acknowledged that a Chinese state-owned enterprise (SOE) in possession of industrial assets must be in want of reform. China’s reforms have released many assets into private ownership, but large blocks remain in corporations linked either to the central government or to a local government via chains of corporate ownership. The State Council’s latest guidelines on the reform of state-linked enterprises envisage more private ownership, some mergers, and a greater role for state asset management companies. But would that ensure better corporate governance?
China’s economic growth model has created a serious overcapacity problem that will continue to derail future growth unless tackled now.
Alan Krueger, former Chairman of the White House Council of Economic Advisors, shares his thoughts on the labor market, US economic recovery and the interplay with China.
Yukon Huang on the mechanics of the Asian Infrastructure Investment Bank, China’s role in its governance, and comparisons with the World Bank and the ADB.
A huge shift in trade and relations could be underway across Eurasia, and China’s New Silk Road policy is at the heart of it
As China changes, companies are being forced to adopt China Plus One strategies and look at other countries for manufacturing.
This week, all eyes were on the 2014 China GDP figure, which at 7.4% was lower than the target of 7.5%; Tencent created a mini ad frenzy on WeChat; and LeTV’s electric car plans inched a step closer to fruition.
In 2014, China’s GDP grew at 7.4%, the slowest in the last 24 years. We take a look at China’s GDP as a proportion of global GDP over the years.
This week, Lei Jun triggered memories of Steve Jobs at the launch of the new Xiaomi Note where he also discussed the company’s future; taxi-hailing app Kuaidi Dache got a fresh cash infusion; and the eternal question made a comeback: does China need more stimulus?
History shows that the world goes through cycles that repeat themselves. And from these cycles emerges the next superpower.