Although the Chinese government has expressed its eagerness to transform China from being the world's manufacturing hub to a knowledge economy, it needs to tread carefully, a Cambridge University professor says.
Chinese companies have borrowed enormous amounts in recent years, with the total outstanding corporate debt reaching an estimated $1.3 trillion (946 billion euros) this year, about 1.5 times China's GDP. Most of this borrowing is from banks, but the growing proportion of corporate borrowing through bond issues has driven China's bond market, now around $4.8 trillion, to become the world's fourth-largest after the United States, Japan and the European Union. Corporate bonds have been the fastest growing part of China's bond market boom, with total amounts borrowed by Chinese companies in that market increasing 10 fold in seven years.
Never have economists been so polarized in their views about China.
Spring has finally arrived across Europe and with it the start of the holiday season. Tourists from all over the world will doubtless flock to the numerous European tourist destinations and once again a dramatic increase in the numbers from the Chinese mainland is predicted.
Zhou Xiaochuan, head of the People's Bank of China, shed new light on the central bank's policies on interest rate liberalization and the yuan's exchange rate in the latest Bo'ao Forum for Asia.
Real estate projects in the capital's surrounding areas are the stars of the Beijing International Property Spring Expo this year, but experts and potential buyers are warning of rising risks as prices surge.
Regulation of listed companies and securities firms will be based on the location they go public and gain business licenses under a pilot program of cross-market stock investment by Chinese mainland and Hong Kong investors, the China Securities Regulatory Commission said on Friday.
Shanghai-based Zendai Group, the parent company of Hong Kong-listed Zendai Property Ltd, will invest more than 80 billion rand ($7.6 billion) over the next 20 years to develop a mixed-use property project in Johannesburg.
China's financial reforms and their global impact were discussed in Washington on Thursday as leading international figures gathered during the International Monetary Fund and World Bank's annual meeting.
China's online travel industry may see more integration and acquisitions this year, driven by the giant Internet companies.
What do you do to battle unhealthy air? Many Chinese consumers are racing to equip their homes with a high-end purification systems that can cost upwards of $2,000. Demand for these devices is soaring in China, according to American entrepreneur Peter Mann - and he smells opportunity.
The head of the Australian Securities Exchange said on Friday it wants to introduce yuan-denominated capital markets products, including bonds. The exchange launched Australia's first yuan payment platform in February.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan