Antitrust probes will help create new framework for car and parts sales in China
Editor's Note: New yuan-denominated loans and total social financing plunged unexpectedly in July, but economists said investors should not panic over the credit contraction, which indicated that the central bank will maintain a stable monetary policy rather than tightening or easing too much. The People's Bank of China announced last Wednesday that new local currency loans totaled 385.2 billion yuan ($62.6 billion) in July, much weaker than the widely expected figure of more than 700 billion yuan. Total social financing, a broad measure of overall credit supply, dropped 546 billion yuan year-on-year to 273.1 billion yuan.
While China's Internet and e-commerce industries continue to grow, the intense rivalry between domestic giants Alibaba Group Holding Ltd and Tencent Holdings Ltd is deepening.
South dominates to a much larger degree than many assume
Shanghai is known around the world as the economic hub of China. But the CBN list tells the story of which city actually dominates when it comes to listed companies.
The significance of Shenzhen, a city unknown to many Westerners, may be underestimated, at least from the CBN list.
China's biggest banks, already poised for the weakest profit growth in more than a decade, risk a further erosion in earnings from record share sales intended to boost their capital after a credit spree.
A wager by the teachers of Ontario, Canada, on Beijing-based online retailer JD.com is paying off in a big way.
Chinese consumers could benefit from lower prices as more than 1,000 companies are being probed by antitrust investigators, a top legal expert says.
Executives of the car rental company Yongche are rubbing their hands with delight as representatives of state enterprises beat a path to their doors looking to do business after a major change in government policy.
Access to a private aircraft is no longer the sole domain of the wealthy. As China develops its aviation infrastructure, a small coterie of flying enthusiasts are helping to spread the pilot culture nationwide.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
