China Business & Economy

Sacking of Chinese Insurance Regulator Foretells Further Financial House Cleaning

Xiang Junbo, Chairman of China Insurance Regulatory Commission (CIRC) at the National People's Congress in Beijing on March 12, 2016. (WANG ZHAO/AFP/Getty Images)
Xiang Junbo, Chairman of China Insurance Regulatory Commission (CIRC) at the National People's Congress in Beijing on March 12, 2016. (WANG ZHAO/AFP/Getty Images)

China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for...

  • A photo of the state-owned China National Offshore Oil Corp. (CNOOC) platform outside its headquarters in Beijing, China. After Canada approved CNOOC’s takeover of Canadian oil and gas producer Nexen, it vowed to reject any future foreign takeovers in the oil sands sector by state-owned companies. (AP Photo/Andy Wong)

    Getting in Bed With a Dragon

    Canada’s need to attract foreign capital and China’s desire for strategic investments abroad are playing an elaborate game of cat and mouse. Business ties between... Read more

  • Construction workers at a residential skyscraper in Shanghai on Nov. 29, 2016. On-the-ground research in China shows that only state-owned enterprises are hiring, under the direction of the regime, while private enterprises 
are not. (JOHANNES EISELE/AFP/Getty Images)

    Still No China Rebalancing

    Given the notorious unreliability of official Chinese economic data, analysts risk getting it wrong when relying solely on figures the government puts out. Is the... Read more

  • An investor looks at an electronic board showing stock information at a broker in Shanghai on March 16. (Johannes Eisele/AFP/Getty Images)

    MSCI Increases Odds of Adding China A-Shares to EM Index

    After three straight years of rejection from the prestigious and widely benchmarked MSCI Emerging Market Index, Chinese domestic A-shares may finally make the list in... Read more

  • Workers walk out from a construction site at the Central Business District of Beijing, China Tuesday, Jan. 20, 2015. China's economic growth slowed to 7.4 percent last year, the weakest expansion in more than two decades. The numbers released Tuesday, are still miles ahead of growth rates in major industrialized economies, but represent a sharp decline from double digit growth in previous years. That adds to pressure on the country's communist leaders as they try to prevent a sharper slowdown in 2015 while overhauling the economy. (AP Photo/Andy Wong)

    A Chinese Entrepreneur’s Plea for Rationality

    Chinese entrepreneur Guo Xueming shares his experience partnering with Japanese business investors in China. This is a direct translation of his account posted to his... Read more

  • The Geely Automotive plant in Ningbo, in China’s Zhejiang Province. Swedish carmaker Volvo and Chinese parent company Geely will share the factory, producing both brands on the same production line. The move is designed to help transfer more European know-how to Geely. (STR/AFP/Getty Images)

    China’s New Industrial War

    The Chinese Communist Party (CCP) has a new program for economic warfare, one that follows a path well trodden in the history of industrial competition... Read more

  • Chinese sales staff walk along an aisle paved with gold bars at a gold exchange house in Kunming, China, Dec. 11, 2012. (STR/AFP/Getty Images)

    Solving the Secret Behind the Chinese Gold Market

    The world is full of golden rules. There is one for every field—ethics, communication, fashion. But there is only one that counts: the golden rule... Read more

  • A Xiaomi store is seen in Beijing Jan. 12, 2015.(Wang Zhao/AFP/Getty Images)

    Xiaomi Broadens Scope to Offset Domestic Sales Decline

    Recent years haven’t been kind to Chinese smartphone maker Xiaomi, China’s biggest company in the industry three years ago. The company’s market share has steadily... Read more

  • File photo of workers on the assembly line at the Sino-French joint venture Dongfeng Peugeot-Citroën Automobile (DPCA) plant in Wuhan, China. On it’s own, China lags behind in the development of automobile engines. (Peter Parks/AFP/Getty Images)

    How Communism Stifles Innovation

    Research shows that the political ideology of communism restricts innovation, which is the panacea for economic growth and long-term prosperity today. In broad strokes, the... Read more

  • The headquarters of investment bank JPMorgan at Chater House in Hong Kong. (Philippe Lopez/AFP/Getty Images)

    ‘Princeling’ Hirings Complicate Business in China for Global Banks

    Citigroup Inc., one of the largest global banks, announced it is under investigation by the U.S. Securities and Exchange Commission (SEC) for hiring candidates based on... Read more

  • Gordon G. Chang author of "The Coming Collapse of China," in New York on Sept. 30, 2015. (Benjamin Chasteen/Epoch Times)

    Gordon Chang: ‘China Is Going to Go Into Free Fall’

    China expert Gordon Chang is best known for his book “The Coming Collapse of China,” which he wrote in 2001. In it, he predicted that... Read more

  • Anbang Insurance Group's headquarters in Beijing, March 16, 2016. (AP Photo/Andy Wong)

    Chinese Insurers Could Face Liquidity Crunch in 2017

    Beijing’s recent decision to crack down on activities of Chinese insurance companies could push insurers toward riskier asset investments and create a liquidity crunch within... Read more

  • Shoppers walk pass a Cartier store in Beijing, Aug. 25, 2015. (Kevin Frayer/Getty Images)

    Chinese Luxury Goods Market Stabilizes

    Luxury shopping is back in vogue in China. Sales growth increased year-over-year for the first time since growth stalled after Chinese communist leader Xi Jinping... Read more

  • Pakistani and Chinese workers sit on an excavator as they leave the newly built tunnel in northern Pakistan's Gojal Valley, on Sept. 25, 2015. The project is part of China's ambitious One Belt, One Road initiative. (Aamir Qureshi/AFP/Getty Images)

    China’s One Belt, One Road is a Gamble for Banks

    China’s “One Belt, One Road” initiative seeks to makes infrastructure investments in more than 60 countries across Asia, Africa, and Eastern Europe. But it also... Read more

  • A worker checks the production in the packaging section of the newly opened Lego factory in Jiaxing, Zhejiang Province, China, on Nov. 24, 2016. (JOHANNES EISELE/AFP/Getty Images)

    China’s Economic Divergence

    Every decade or so in the United States, the financial sector decouples from the real economy, like what’s happening currently: GDP growth is tepid, job... Read more

  • A driver uses his smartphone to pay the highway toll using Alipay, an app of Alibaba's online payment service, at a toll station on the Hangzhou-Ningbo Expressway in Hangzhou, China.
(STR/AFP/Getty Images)

    China’s Internet Banking Sector a Key Source of Growth—and Risk

    By most accounts, China is the global leader in internet banking and financial technology (fintech) investments. Fintech’s relevance in China will be on full display this... Read more

  • A Bitcoin display at a store window in Hong Kong on Aug. 13, 2016. 

    China Bitcoin Crackdown Continues

    China was like the Wild West for the electronic currency Bitcoin. As China took first place in producing and trading bitcoins, Chinese could do whatever they... Read more

  • Receive Our Epoch 10 Newsletter
    Important stories from around the world,
    in your inbox daily.