China Business & Economy

China Makes Fourth Recent Cut in Interest Rate to Boost Economy

The headquarters of the People's Bank of China, the Chinese central bank, in Beijing on Aug. 7, 2011. (Mark Ralston/AFP/Getty Images)
The headquarters of the People's Bank of China, the Chinese central bank, in Beijing on Aug. 7, 2011. (Mark Ralston/AFP/Getty Images)

China’s central bank announced Saturday the fourth round of interest cuts in seven months and lower deposit-reserve ratios for some banks to lend to small...

  • Chinese Prime Minister Li Keqiang (L) and Greek Prime Minister Antonis Samaras take part in a joint press conference at the Maximos Mansion in Athens after a meeting, on June 19, 2014. (Louisa GouliamakiAFP/Getty Images)

    China and Greece Show Not All Debt Is Created Equal

    If Greece was China, debt would not be an issue. Both countries have a total debt load several times of GDP and only Greece keeps tinkering... Read more

  • Awoman looking at a piece of jewelry at the China International Jewellery Show in Beijing, Dec. 16, 2012.  (STR/AFP/Getty Images)

    If You Think the Chinese Economy Is Crashing, The New China Beige Book Report Will Change Your Mind

    Ever since China missed its first quarter GDP target, the China bears have come out in full force. They said years of overspending and over... Read more

  • A Chinese stock investor monitors share prices at a securities firm in Fuyang, in China's Anhui province on June 19, 2015. (STR/AFP/Getty Images)

    China’s Stock Market Won’t Save China’s Economy

    The following is an abridged translation of a recent lecture given by Chinese economics professor Xu Xiaonian. With China’s economic slowdown, Chinese leaders have come... Read more

  • Residents walk past the Bank of China branch in downtown Milan, Italy, on April 15. Italian prosecutors are seeking to indict over 200 people and the Bank of China in connection with a massive money-laundering investigation. (AP Photo/Antonio Calanni, File)

    Italian Prosecutors Seek to Indict Bank of China and 297 People for Money Laundering

    ROME—Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported earlier this month. The... Read more

  • In this file photo, a boy waves a wand of bubbles up in the air in Hong Kong. (Anthony Kwan/Getty Images)

    Did the Chinese Stock Bubble Just Burst?

    The Shanghai Composite Index dropped 6.4 percent last Friday, capping a 13 percent decline during a week, which some believe is the beginning of China’s... Read more

  • A Chinese man wears a mask to protect against pollution as he uses his smartphone on a hazy day outside the Forbidden City November 20, 2014 in Beijing, China. (Kevin Frayer/Getty Images)

    China’s Anti-Corruption Campaign Moves to the Telecom Sector

    State-owned companies are next on the Chinese regime’s anti-corruption watchdog inspection list, and the feedback given to one particular sector—telecommunications—could herald the start of a... Read more

  • A Chinese military policeman stands guard in front of the US embassy in Beijing. (Stephen Shaver/AFP/Getty Images)

    China’s Proposal to Spy on US Technology Firms Is Not Dead

    The Chinese Communist Party (CCP) is creating new laws that could give it legal ground to spy on users, undermine the security of U.S. technology,... Read more

  • Chinese overseas investment since 2005. (Heritage Foundation)

    This Is What Chinese Overseas Investments Look Like in 2 Charts

    Chinese are big on investment—the world knows that. They like building bridges, airports, factories, trains, residential real estate, pretty much everything. That’s why investment still... Read more

  • A man walks past the Bank of China Tower in Hong Kong on August 23, 2012. (Philippe LOopez/AFP/GettyImages)

    While We Focus on the AIIB, China Is Increasing Its Power in the Western Financial System

    After the first concrete details about the Asian Infrastructure Investment Bank emerged last week, this Chinese project has taken center stage. The broad consensus on... Read more

  • A man walks past a showroom exhibition by French luxury brand Louis Vuitton in Beijing on April 9, 2015.  China is widely considered the world's biggest luxury market as a rising middle class and corrupt officials drive a shopping frenzy, but domestic prices are high due to hefty import taxes and huge retail mark-ups. (Wang Zhao/AFP/Getty Images)

    Newly Discerning Chinese Are Driving Luxury Sales Declines

    NEW YORK—While the anti-corruption campaign in China has been blamed for stalling luxury brands’ expansion plans, the political climate is not entirely to blame. The... Read more

  • A bank teller counts stacks of US dollars and Chinese 100-yuan notes at a bank in Hefei, Anhui province, China, on Jan. 16, 2011. (STR/AFP/Getty Images)

    These Numbers Reveal China’s Capital Flight Is Accelerating

    Sometimes accounting can hide an issue, sometimes it can bring problems to light. In China’s case of buying and selling U.S. Treasurys through Belgium, we... Read more

  • A cargo ship is preparing to leave the Qingdao port in China, March 7, 2014 (STR/AFP/Getty Images)

    Three Things China Has to Do If It Wants to Develop Further

    Before we go right ahead and see what China has to do to further its development, let’s focus first on what China is up against... Read more

  • DAVOS/SWITZERLAND, 23JAN13 - Xu Xiaonian, Professor of Economics and Finance, China Europe International Business School (CEIBS), People's Republic of China. (Wikimedia Commons)

    For China’s Economic Reform to Succeed, Its Entrepreneurs Need an ‘Inner World’

    With China’s economy contracting, Chinese business owners are facing an urgent need to adopt new business models. This entails thinking more creatively and moving from... Read more

  • Chinese Vice-Premier Li Keqiang (R) in talks with European Council President Herman Van Rompuy at the Great Hall of the People, during the European Union (EU)-China summit on February 15, 2012 in Beijing, China. (How Hwee Young/Getty Images)

    For European Firms, Doing Business in China Is a Half-Empty Glass

    European companies are less optimistic about doing business in China, Europe’s largest business group in China finds in a recent survey, which also identifies key... Read more

  • Uber CEO Travis Kalanick speaks at a ceremony at the Baidu headquarters in Beijing on December 17, 2014.  Uber is attempting to make rapid inroads into China, but it's a high risk strategy. (Greg Baker/AFP/Getty Images)

    Uber’s $1 Billion China Bet

    Ride-hailing service Uber Technologies Inc. plans to spend $1 billion in China this year, in a bid to become one of the first Western technology... Read more

  • Chinese President Xi Jinping, center, shows the way to guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing. China, Oct. 24, 2014.  (AP Photo/Takaki Yajima)

    Finally, Details About China’s Infrastructure Bank Emerge

    When China first tabled the idea of the Asian Infrastructure and Investment Bank (AIIB) in 2013, the entity didn’t even have a website. Now it... Read more