The week that was: Apple is making a comeback and beating Samsung in China; China has a debt-to-GDP ratio of a whopping 251%; and fast food giants find themselves battling a new food scandal. Will Apple eat Samsung’s pie? Although the earnings report of Apple’s third fiscal quarter of 2014 (Apple’s fiscal quarter runs from end […]
China Roundup: Qihoo 360 Launches a VC Fund; China’s Trade Numbers Improve; and Electric Cars to Get Cheaper
The week that was: Qihoo 360 heads to Silicon Valley to fund start-ups; CCTV’s latest smear campaign targets Bank of China; China’s trade numbers look up; and electric cars may get cheaper. Qihoo 360 launches its VC Fund in Silicon Valley Qihoo 360, an internet security firm based in Beijing, has just set up a venture […]
The Money Squeeze: China’s tightening Credit Market
The first signs of light emerge amidst the dark prospects for private enterprises in China’s ever-tightening credit market It’s been a miserable few months for financing in China’s private sector. A growing number of debt defaults by companies has spurred regulatory crackdowns on the unofficial lending sector, sometimes called ‘shadow banking’, which has sustained (not […]
Banking Abroad: The Globalization of Chinese Banks
Chinese banks employ various strategies as they steadily march into international markets On July 6th 2012, Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, became a controlling shareholder in The Bank of East Asia’s US subsidiary after receiving final approval from American regulators to purchase 80% of the bank’s […]
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