Is Chasing Deadbeat Debtors “Picking Quarrels”?

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...

Chinese Authorities Stop Ant Group IPO, Stunning Observers

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...

Audit Reveals Growing Local Government Debt

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...

China’s Developers Surge After Interest Rate Cut

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...

Economist: China’s Market-Oriented Reforms in Retreat

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...

China to Clean Up Billions Worth of Local Debt

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...

Jim Rogers: “The Only Thing I Worry About is Water”

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...

Is China’s Government Overrated?

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...

Ningxia to Spearhead Islamic Finance in China

From Economic Observer Online: With encouragement from the China Banking Regulatory Commission (CBRC), Ningxia Hui Autonomous Region is set to take the lead in trialling Islamic financial services in China. If the pilot project...



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