The U.N. climate summit known as COP29 concluded over the weekend in Baku, capital of the oil-rich country of Azerbaijan after two weeks of tense negotiations. Some of the major outcomes include an agreement by rich countries to...
After a decades-long infrastructure spending spree, many of China’s local governments now find themselves saddled with unsustainable levels of debt and a surplus of vastly ambitious but often underutilized infrastructure...
Provincial prosecutors in Guizhou have set up a special investigative team to look into the case of a female entrepreneur who, along with members of her legal team, was detained and accused of “picking quarrels and provoking...
In recent weeks, several widely shared Chinese-language articles about economics and finance have been deleted by censors, and one prominent economist has had some of his social media accounts banned. This suppression of frank...
Last week, the Zambian government announced that its creditors—a coalition of French and Chinese lenders that includes China Exim Bank—would cancel $2 billion of the country’s $17 billion external debt. The landmark debt...
A report by the NGO Hong Kong Watch reveals that numerous major international pension funds have been heavily invested in Chinese companies connected to serious human rights issues. Some of these pension holders, such as members...
After levying a record-breaking fine against Alibaba and requiring sweeping structural changes to Ant Group’s business earlier this month, Chinese regulators are showing no signs of letting up in their crackdown on big...
Six months after abruptly calling off fintech giant Ant Group’s IPO and launching an investigation into Alibaba for antitrust violations, Chinese regulators have at last announced their penalties against the two affiliated...
More than four months after a high profile crackdown on Jack Ma’s financial empire marked the beginning of a regulatory overhaul for China’s big tech companies, details of the penalties set to be imposed on internet...
New announcements from China’s regulatory authorities have revealed broad plans to rein in Alibaba and Ant Group, as part of a concerted effort to strengthen state supervision of Jack Ma’s business empire. On...
Ant Group’s initial public offering was unexpectedly halted by Chinese regulators on Tuesday, just 48 hours before it was to begin. The suspension of the IPO, expected to give the Alibaba-affiliated company a market cap valued...
The South China Morning Post’s George Chen reports that China’s central bank has...
A recent report from China’s National Audit Office shows an increase in borrowing at the local government level. The audit, which covered more than 200 local government financing vehicles, indicates that local debt has...
Bloomberg news staff Bonnie Cao reports on the central government interest rate cut and the immediate effects on the real estate market:“All financial institutions must continue to strictly implement a differentiated housing...
Last week at Caixin Online, Huang Yiping cited tennis star Li Na’s Grand Slam success as a model for reinvigorating financial reform. Now Wu Jinglian, an economist at the Development and Research Center at the State...
Beijing is to take on some 2-3 trillion yuan of local government debts according to Reuters, hoping to stave off a wave of destabilising defaults in the future. As part of Beijing’s overhaul of the finances of...
Shanghai Daily interviews American investor Jim Rogers about prospects for the Chinese and global economies: Q: You are bullish about China’s future. Why is that? Do you see any setbacks in the next 10 years? A: … The only...
As part of a special report on “the future of the state”, The Economist responds to the increasingly widespread view that “Beijing really gets things done”, pointing out areas like education and local...
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