China Business & Economy

China’s First Cruise Liner Could Be a Raw Deal for Everyone

Three cruise ships dock in Southampton, England. China may soon enter the cruise ship market by developing its first luxury liner with help from Carnival Corp. (Oli Scarff/Getty Images)
Three cruise ships dock in Southampton, England. China may soon enter the cruise ship market by developing its first luxury liner with help from Carnival Corp. (Oli Scarff/Getty Images)

China is gearing up to enter the cruise-ship industry. The state-run China State Shipbuilding Corporation is building its first luxury liner with help from Carnival...




  • Alibaba CEO Jack Ma rings a bell to celebrate as the Alibaba stock goes live during the company's initial price offering (IPO) at the New York Stock Exchange on Sept. 19. (Andrew Burton/Getty Images)

    Alibaba Did Well in China but Is Unlikely to Replicate This Success Elsewhere

    Yes, Alibaba—like China—is big. It just had the biggest IPO in the history of the United States, raising $25 billion. The question is: how did... Read more

  • There just is no easy way out. (Matt Cardy/Getty Images)

    World Drowning in a Sea of Debt

    Oftentimes, academic research is commissioned to support policy. It is no different in economics and finance, where most of the reports coming out of the... Read more

  • China’s finance minister Lou Jiwei talks with U.S. Federal Reserve chair Janet Yellen at the G20 Finance Ministers and Central Bank Governors Meeting in Cairns, Australia, on Sept. 20, 2014. (William West/AFP/Getty Images)

    China’s ‘Hard Landing’ Approaches

    The China “hard landing” scenario has long been considered a tail risk, but not anymore. The list of economic data misses in August is long... Read more

  • Shi Yongxin, abbot of the Shaolin Temple, walks out from his room on April 7, 2005 in Dengfeng, Henan Province, China. The temple has sued the local government for a greater share of the admission fees to the temple's scenic site. (Cancan Chu/Getty Images)

    Shaolin Temple in China Sues for Greater Share of Tourism Revenue

    A Shaolin Temple in China has sued the tourism bureau of a local city government over the share of revenues for its temple, which is... Read more

  • Xing Lin Real Estate CEO Wu Binglin recently disappeared with large sums of money, leaving thousands of victims in 16 provinces and 50 cities worrying about their investments, in a screen shot from NTD Television. (Epoch Times)

    Executives in Southern China Disappear With Company Cash

    Fujian Province, a manufacturing powerhouse in southern China, has recently witnessed a spate of company executives going missing—often with the company money. Five cases have... Read more

  • A passenger walks past a high-speed train at a railway station in Nanjing in eastern China. China used controversial industrial policies that are exempt from Canada's new investment deal with China to force foreign firms to share intellectual property and know-how. This helped push China's domestic train industry to become globally competitive. (AP Photo)

    FIPA Signed, but Questions Linger

    OTTAWA—The deal is done, but what does it really mean? Last Friday, Prime Minister Stephen Harper’s cabinet quietly ratified the Canada-China foreign investment promotion and... Read more

  • Top left: The logo of Alibaba.com near its office in Hong Kong on Feb. 22, 2012. (Aaron Tam/AFP/Getty Images) Background: Alibaba Group chairman and CEO Ma Yun speaks during a press conference on Oct. 17, 2011, in Hangzhou, Zhejiang Province, China. (ChinaFotoPress/Getty Images)

    Alibaba’s IPO Is a Huge Windfall for Existing Shareholders

    One thing is for sure: Alibaba’s IPO is going to be huge. The answer to other questions, such as valuation, use of capital, and the... Read more

  • A visitor walks through the service center of the Shanghai Free Trade Zone on Nov. 28, 2013. The head of the project was recently removed on corruption charges. (Peter Parks/AFP/Getty Images)

    Head of Shanghai Free Trade Zone Removed

    The chief of a much-vaunted free trade zone established in Shanghai has been ejected from his post as the anniversary of the initiative nears. Observers... Read more

  • A man points to the skyline of Xiamen, China, on Oct. 25, 2013. (Ed Jones/AFP/Getty Images)

    China’s Debt Bubble in Perspective (Video)

    How big is China’s bubble?  China appears to be in the late stages of a debt-fueled investment bubble. It’s not that we haven’t seen this... Read more

  • Zhou Bin, an editor of the 21st Century Net website, is dressed in orange prison garb while confessing to China Central Television that he was engaged in a scheme to extort Chinese companies that were going public. A number of editors, executives, and company officials were arrested as the scheme was exposed by official media. (Screenshot/CCTV)

    Media Company That ‘Took a Slice’ From IPOs in China Has a Slice Taken From It

    Top editors and executives at a widely recognized business publication in China went on the air with televised confessions recently, admitting to extorting tens of... Read more

  • Xing Lin Real Estate CEO Wu Binglin recently disappeared with large sums of money, leaving thousands of victims in 16 provinces and 50 cities worrying about their investments, in a screen shot from NTD Television. (Epoch Times)

    CEO of Large Real Estate Firm in China Disappears With Money

    The CEO of a large real estate firm in China disappeared with a large sum of money, leaving defrauded victims in 16 provinces and 50... Read more

  • A Chinese couple walk together while shopping at an outdoor mall in the evening on Sept. 5, 2014, in Beijing, China. (Kevin Frayer/Getty Images)

    Chinese Enterprises Baffled by Having to Practice Social Responsibility Overseas

    More and More Chinese enterprises are making overseas investments, and more and more Chinese enterprises are troubled by having to deal with social responsibility. Western... Read more

  • Bank of China posted 12.58 billion yuan (US$2 billion) in non-performing loans in the first half of this year. Banks in China are seeing a significant increase in non-performing loans as the country's economy cools. (Greg Baker/AFP/Getty Images)

    Bad Loans Surge for China’s Banks During First Half

    China’s biggest banks reported a surge in soured and castoff loans in the first half of the year, as China’s slowing growth has taken a... Read more

  • The sales of high-end mooncakes dropped over 50 percent this year due to China’s anti-corruption campaign. (Screenshot/food.shangdu.com)

    China’s Mooncakes the Latest Victim of Anti-Corruption Campaign

    The humble mooncake is an indispensable snack for one of China’s major traditional holidays, the Mid-Autumn Festival. But sales of the pastries have plummeted this... Read more

  • A man walks past a Microsoft sign outside a Microsoft office building in Beijing on July 31. Foreign business in China feel less welcomed, as Microsoft and many other U.S. companies are being targeted in anti-trust probes by Chinese authorities. (Greg Baker/AFP/Getty Images)

    AmCham Website Offline After Critical Business Survey on China

    A new survey from the American Chamber of Commerce (AmCham) shows U.S. companies face an increasingly hostile and less profitable environment in China. After the... Read more

  • A visitor walks past a design promoting the recently opened Shanghai Pilot Free-Trade Zone on Nov. 28, 2013. Chinese authorities said they will allow foreign-owned hospitals to operate in seven cities and provinces. (Peter Parks/AFP/Getty Images)

    China Opens Door to Foreign-Owned Hospitals

    A new pilot program being rolled out in China will allow foreign companies to run hospitals in seven cities and provinces, according to a notice... Read more


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