Lou Jiwei: China finance minister rewrites rules - FinanceAsia

FinanceAsiaLou Jiwei: China finance minister rewrites rulesFinanceAsiaFinance ministers in China generally lack the clout of their overseas counterparts. But the outspoken Lou Jiwei has made an impact by trying to rein in mounting local government debt, one of the biggest risks facing China, and by helping set up the ...and more »

China financing woes offset low pollock, oil price boosts for processors - Undercurrent News

Undercurrent NewsChina financing woes offset low pollock, oil price boosts for processorsUndercurrent NewsIssues with financing will make 2016 another tough year for Chinese processors, despite positives on lower pollock and fuel prices, as well as labor costs, said several executives involved in the industry. Banks in China are under pressure, with the ...

Investor Who Called the Financial Crisis Says China's Going to Be a Lot Worse - Fortune

FortuneInvestor Who Called the Financial Crisis Says China's Going to Be a Lot WorseFortuneThe Hayman Capital Management founder wrote in a letter to investors Wednesday that China's banking sector is set for disaster after swelling to ten times its size in as many years. He says that the banking boom filled the sector with risky financial ...Bass: China bank crisis 5X worse than subprimeYahoo7 Newsall 51 news articles »

Ezubao owner Ding Ning is one of 21 people arrested over what could be the biggest financial fraud in Chinese ... - NEWS.com.au

NEWS.com.auEzubao owner Ding Ning is one of 21 people arrested over what could be the biggest financial fraud in Chinese ...NEWS.com.au... citing police as estimating 900,000 investors had fallen victim to the scam. Ezubao claimed to be a peer-to-peer lender, which matched investors with potential borrowers over the internet, and had quickly become China's leading online financing ...Chinese company accused of $7.6B financial fraudUSA TODAYChinese Ponzi Scheme: Online Finance Company Ezubao Cheated Nearly 1M Investors Of $7.6BInternational Business TimesAlmost one million investors lose 5.3bn in massive China Ponzi scamTelegraph.co.ukChicago Tribune -Financial Times -BBC Newsall 393 news articles »

Nigeria runs to China to finance 2016 budget - NAIJ.COM

NAIJ.COMNigeria runs to China to finance 2016 budgetNAIJ.COMNigeria is set to secure a loan from China to finance the 2016 budget, Reuters is reporting. According the report, Kemi Adeosun, minister of finance, and Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), are to visit China for the $2 ...Nigeria to secure $2bn loan from China to finance 2016 BudgetDailyPost NigeriaExclusive: Nigeria to seek China loan, shelves Eurobond sale for now - sourcesReutersall 39 news articles »

The new Big Short: China may soon rock the global financial system - Sydney Morning Herald

Sydney Morning HeraldThe new Big Short: China may soon rock the global financial systemSydney Morning Herald"The Chinese financial system is over-stretched. China let the banking system grow 1000 per cent in 10 years. Ten years ago it was less than US$3 trillion in assets. Today it is US$34.5 trillion. That's three and a half times their GDP. And they haven ...and more »

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Features - Editor, 22 October 2014

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported by the Ministry of Commerce of China and People’s Government of the Guangdong Province. To accommodate the more than 150,000 different products showcased by more than 55,800 exhibitors, the Canton Fair is split into three sessions. Phase 1 of the current Canton Fair took place on October 15-19 and included Electronics & Household Electrical Appliances; Lighting Equipment; Machinery, Vehicles & Spare Parts; Hardware & Tools; Chemical Products; Energy Resources; and Building Materials. Phase 2 is set to take place on October 23-27 featuring Consumer Goods; Gifts; and Home Decorations. Phase 3 on October 31 to November 4 includes Office Supplies; Recreation Products; Cases & Bags; Food; Textiles & Garments; Shoes; and Medicines, Medical Devices & Health Products.


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Trade - Editor, 24 September 2014

China's Economic Growth Slows, Shadow Lending Grows

A recent report published by New York-based research company China Beige Book (CBB) revealed that China's economic growth is faltering, despite the government's 'mini-stimulus' strategies launched in May, which included a more relaxed approach to lending and a wave of infrastructure investment projects. The CBB report, which is compiled from surveys of more than 2,100 firms around China, noted that less than 20 percent of the firms surveyed borrowed in the third quarter, whether it be from the bond market, banks or shadow finance firms, which is a drop of 29 percent when compared to the third quarter of 2013. The report also shows that capital expenditures have dipped to the lowest level since the CBB survey began in 2012.


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News - Editor, 10 September 2014

China's e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of the new venture with Baidu and Tencent each holding 15 percent. The aim is to tap into China's e-commerce market, which is reportedly the largest in the world and currently dominated by Alibaba. The collaboration between the three companies will create the world's biggest online-to-offline (O2O) e-commerce platform, where people use their mobile devises to locate and buy goods and services, often while they are in or nearby the physical store.


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