Tech groups transform how finance is done in China - Financial Times

Tech groups transform how finance is done in ChinaFinancial TimesThat is the view of Tang Ning, one such financial entrepreneur and the founder of Creditease, a peer-to-peer lending platform. It is a sign of how far the sector has come in just a few short years. The internet is transforming the Chinese mainland. And ...

China salary insight: finance workers enjoy higher pay - People's Daily Online

People's Daily OnlineChina salary insight: finance workers enjoy higher payPeople's Daily OnlineSalaries in China's first-tier cities are substantially more than those in second and third tier cities; the finance and real-estate industries are most likely to offer high-paying jobs; salaries in the finance industry are more than 10 times average ...and more »

China may have 1000 tonnes of gold in financing deals - South China Morning Post may have 1000 tonnes of gold in financing dealsSouth China Morning PostChinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.Gold paves streets for China's rising urban middle Slips Nearly 2 Pct As Dollar Firms, China Demand WiltsFox BusinessGold struggles near $1300; China demand concerns growCNBC.comall 122 news articles »

Russia, China aiming for dollar's demise: Jim Rickards - Yahoo Finance (blog), China aiming for dollar's demise: Jim RickardsYahoo Finance (blog)Currency Wars detailed a Pentagon-sponsored excercise Rickards took part in back in 2009 -- the Pentagon's first-ever financial war game -- where players could not use actual, physical weapons like bombs, but could only use financial weapons like ...Chinese currency moves into big leagueNew Zealand Heraldall 23 news articles »

China Backs Financial Aid for Ukraine - Voice of America

Global TimesChina Backs Financial Aid for UkraineVoice of AmericaChinese Vice Finance Minister Zhu Guangyao told a small group of Western journalists on the sidelines of the IMF-World Bank spring meetings in Washington it was a "worry'' that more than 85 percent of IMF lending was currently focused on Europe.China rebuts 'hard landing' warningGlobal TimesBeijing rejects IMF's hard-landing warning for China's economyReutersFinance Ministers: Economy Stronger But FragileThe Epoch TimesCTV Newsall 959 news articles »

China's financial distress turns all too visible - Financial Times

XinhuaChina's financial distress turns all too visibleFinancial TimesTrend growth is slowing down, and markets have been shaken up by the actions of the People's Bank of China (PBoC), which is trying to tame a virulent credit boom. The incidence of financial distress is rising and becoming more visible. The recent drop ...New Zealand finance chiefs welcome Chinese currency trade agreementXinhuaPeople's Bank of ChinaThe EconomistChina, New Zealand begin direct currency tradingYahoo NewsSeeking Alphaall 469 news articles »

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Features - Editor, 19 March 2014

Developer's Default Indicative of Economic Slowdown

In addition to experiencing a slowdown in its property sector, China's property market received a blow this week with the collapse of real estate developer Zhejiang Xingrun Real Estate Co. Two weeks ago Shanghai Chaori Solar Energy Science & Technology Co warned in a stock market filing that the company is unlikely to meet its interest payment of 89.9 million yuan (US$14.6 million) on the due date of March 7 – and indeed they were not able to, resulting in the country's first domestic bond default. Some analysts note that these are signs that China's economic growth is on a path of slowing down, while others warn that this may be likened to the Bears Stearns scenario in 2008, setting off the risk management meltdown of the investment bank industry on Wall Street.


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Trade - Editor, 19 February 2014

China Invests in Cleaning Up Pollution

A recent announcement by China's Ministry of Environment Protection that the government plans to invest 2 trillion yuan in the development of technologies to deal with the pollution of its main water resources is no doubt welcome news to environmentalists and those dependent on these resources for their daily water supply. The 2 trillion yuan budget for tackling the water pollution problem exceeds the 1.7 trillion yuan budgeted for dealing with the country's much-publicized air pollution issue. While the plan on how to deal with the water pollution problem is still to be finalized, the size of the budget allocated is seen as an indication of the level of commitment to making the project work.


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News - Editor, 5 February 2014

China's Car Sales Continue to Soar

In a report based on statistics from China's Public Security Bureau it was revealed this week that the total number of vehicles using the country's roads has exceeded the 250 million mark, with as many as 31 cities having more than one million vehicles in operation. Beijing is at the top of the list with more than five million registered vehicles, while seven other cities – Shenzhen, Chengdu, Tianjin, Shanghai, Suzhou, Guangzhou and Hangzhou - have more than two million. The figures indicate that more than 54.9% (137 million) of all vehicles on the road are passenger cars, a five-fold increase since 2003.


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