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.
China Roundup: Is the Chinese Economy Rebalancing?
Tencent launched China’s first private bank, local governments vowed to crack down on ride-hailing apps, and with China set to miss its growth targets, it is being speculated that the much needed economic rebalancing has finally kicked in.
Busted! China’s Real Estate Bubble and Other China Myths
Carnegie Endowment’s Yukon Huang offers a new perspective and demystifies some popular notions about China, such as fears about the real estate bubble.
China Roundup: Chinese economy grows by 7.3% (only) and Tesla turns to Tmall
This week, all eyes were on the Chinese economy growth figures, the lowest since 2009; and and Tesla stunned company watchers by opening a store on Tmall.
The Role of Land Sales in Local Government Financing in China
Land sales contribute significantly to local government financing in China as well as provincial GDP targets. But this is both unsustainable and problematic. A look at the situation and the kind of reform that needs to kick in. Last month, China launched a national audit of the “land-transferring fees” collected by local governments in the […]
China Roundup: China Industrial Production Slows and the Alibaba-Alipay Relationship Restructured
This week, China industrial production figures revealed a slower growth from last year; Lenovo and Tencent reported profits while sportswear manufacturer Li-Ning suffered yet another battering; and Alibaba restructured its relationship with Alipay. The Macro Picture China’s GDP growth bounced back to the target rate of 7.5% in the second quarter, but newly released data […]
China Roundup: China PMI index up; raids on Microsoft and Alibaba invests in Kabam
This week, China PMI index (Purchasing Managers Index) showed a slight improvement as did the Shanghai Composite Index; Microsoft likely to face anti-monopoly charges; and Tesla changes its stance on charging stations. Numbers You Should Know Even as the world is still taking in all the economic data released by the US this week, here […]
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 […]
Of Risks and a Global Economic Recovery
Philippe Legrain, economist and author of Aftershock and European Spring, on the global economic recovery and the risks that could further disrupt the world. In 2008, the financial crisis brought the global economy to its knees. Today, six years later, the world has still not fully recovered from the impact of the crisis. At the […]
China Roundup: China GDP Growth at 18-Month Low; Weibo’s IPO; and Candy Crush on WeChat
The week that was: China GDP growth falls to 7.4%; government may ease controls on housing market; and Tencent to bring popular game Candy Crush to WeChat. China’s growth falls short of the target China’s first quarter GDP growth is not so glamorous—in fact, the 7.4% rate is an 18-month low, according to The Wall Street […]
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