According to the World Bank, China is set to become the largest economy in the world by the end of 2014. But China’s rise to economic superpower status comes at a cost to its international maneuvers. China’s economy has emerged rapidly in the past two or three decades. It surpassed Germany’s in 2009 and Japan’s […]
China Roundup: RMB depreciation; China’s first bond market default; and Xi Jinping heads to Europe
The week that was: The Chinese government chooses not to bail out the beleaguered Chaori; RMB depreciation goes on even as the trading band is widened; Zhejiang Xingrun Real Estate heads for bankruptcy; and Twitter CEO Dick Costello visits Shanghai. China’s debt problems are not disastrous yet? Shanghai-based solar cell manufacturer Chaori Solar Energy and […]
CHINA ROUNDUP: Chinese GDP growth target at 7.5%; more austerity measures; and war on smog
The week that was: Beijing hosts the annual CPPCC and NPC meetings; Chinese GDP growth target for 2014 announced; austerity measures in full force; and solar cell company heads for China’s first corporate bond default. All eyes this week, understandably so, are on Beijing where delegates from all over China have gathered for the two […]
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