The Chinese economy is slowing and that has significant ramifications for things like capital and the Renminbi. Is there a silver lining in all this?
Is there a quick fix for the Chinese economy? China’s industrial sector is still struggling against strong headwinds, but sentiment among firms is improving as the severity of overcapacity eases, a recent survey on more than 2,000 industrial firms shows. According to the survey, done by the Center on Finance and Economic Growth at Cheung […]
This week, China’s central bank finally bit the bullet and cut the required reserve ratio by 50 basis points; and the manufacturing purchasing managers’ index hit a new low
As the Chinese property market slows and complicates the country’s economic outlook, the government faces a tricky balancing act.
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.
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?
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.
This week, the BYD stock price fell sharply, as did Geely’s; Baidu invested in ride-sharing company Uber; and China’s factory activity slowed further.
This week, the Shanghai Composite Index reached a 40-month peak; experts speculated on future PBOC rate cuts, following last week’s interest rate cut which was the first since 2012; and Tencent and Alibaba locked horns.
This week, the much awaited APEC conference came to a close, Alibaba netted more than $9.3 billion in Single’s Day sales; and Xiaomi announced its intent to invest in Youku-Tudou.