For many years, China’s emerging companies, especially those in the internet sector, have relied on foreign capital. Alibaba and Tencent were nurtured by overseas venture capital, and were eventually listed abroad. These two companies have today become world-class giants. The market value of Alibaba was $495 billion as of late May, while Tencent’s valuation was $605 billion. This puts them among the world’s top 10 most valuable companies. The success of China’s leading tech companies is an understandable source of pride to many in China. But for China’s policymakers, a question presents itself: why do so many outstanding Chinese companies end up going public overseas?
Business Conditions Index Shows Cooling Optimism in China
The CKGSB Business Conditions Index shows that companies are expecting the Chinese economy to encounter some difficulties in the coming six months.
US Secretary of Commerce Penny Pritzker on US-China Trade
Penny Pritzker, US Secretary of Commerce, discusses the shape of the US-China trade relationship
China’s Industrial Economy is At a Crossroad: Better Days Ahead?
CKGSB’s Business Sentiment Index shows that China’s industrial economy has finally stabilized after a year of contraction.
Carl Walter on the fragility in the Chinese banking system
Carl Walter, former COO of JP Morgan in China and CEO of its China banking subsidiary, paints a gloomy picture of the Chinese banking system and outlines the possible risks involved. In the aftermath of 2008’s global financial meltdown, China’s financial system seemed to have emerged unscathed. The country’s economic configuration, often dubbed “Capitalism with Chinese characteristics” by Chinese […]
Chinese real estate comes back down to Earth
Since 2009, property prices stubbornly climbed upwards, despite government attempts to cool the market. But not any longer. Average house prices fell by 0.3 percent in November–their third consecutive monthly decline on the China Real Estate Index System. The size and effect of the price drops are still unclear, but it doesn’t look like property […]
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