China Proposes to Keep Online Payments in Check
The South China Morning Post’s George Chen reports that China’s central bank has...
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LatestAudit 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...
Diet Risks at a Government Finance Feast
From Caijing Magazine: Financial crisis? What financial crisis? Local governments across China simply can’t fathom the fuss. They’re not starved of credit. In fact, they’re enjoying a veritable financing feast....
Anne-Marie Slaughter on China and Global Finance
Anne-Marie Slaughter, Dean of the Princeton Woodrow Wilson School of Public and International Affairs, shares her thoughts on the intersection of democracy and global finance, with interesting nods to China: Lee Hudson Teslik,...
Andy Xie: Back to Earth
Andy Xie, board member of Rosetta Stone Advisors Limited, wirtes in the Caijing Magazine: With the Olympics over, it is time for China to face some unprecedented challenges including lower foreign demand, rising costs at home,...
Chinese Cities Vie To Be Top Finance Hub
Beijing, Shenzhen and Shanghai — China’s three major urban centers — have all unveiled new, competing city plans that map out their ascendancy into the position of China’s international financial capital....
China Storms Kill 129, Economic Loss at $21 Billion (Update2)
How much did China’s worst snowstorms in five decades cost? According to Bloomberg, $21 billion in direct economic loss and 129 people died: Blizzards, ice and freezing temperatures since January have forced the evacuation...
Snowstorms Let China’s Economy Off The Hook
Overseas political commentator Liang Jing wrote following essay, thanks to Dr. David Kelly for the translation: A very important item of information spread around Beijing’s dining and mahjong tables during Spring Festival...
Who Pays the Bill for China’s Financial Crisis? – Liang Jing
Overseas political commentator Liang Jing wrote this essay recently, thanks to David Kelly for the translation: Chinese Premier Wen Jiabao’s recent intervention in the stock market not only led to much resentment, but also deepened some people’s worries about a financial crisis breaking out. Ye Tan, a woman and talented critic of the Chinese economy, […]
New Limits on Young Players Unlikely to be Effective – Marketwatch
From Marketwatch: “Enforcement of rules is always spotty in China, and a new so-called “fatigue system” for online games will be no exception, which is great news for investors in the booming online game industry. The fatigue system designed to wean young Chinese gamers away from heroin-esque, all-night bouts of online multiplayer role-playing action, has […]
China’s Online Game Industry On a Roll – China Daily
From the China Daily: “Revenue from China’s online gaming industry reached 8 billion yuan (US$1.04 billion) in 2006 and could quadruple by 2010 as internet access becomes more widespread. Online gaming revenue in China will grow 30 percent annually to reach 30 billion yuan (US$3.9 billion) by 2010, said Wu Shulin, the deputy director of […]
Gov Budgets Shall Be Seen As Well As Be Understandable – China Youth Daily
From China Youth Daily via Yulun Jiandu, translated by CDT: Finance Minister Jin Renqing said in a national finance system construction conference that China plans to set up a modern government finances management system in...
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