Local talent to play key role in sustaining growth, says Thomas Oetterli, China head of Swiss elevator-maker
To illustrate his vision for a turnaround at recall-slammed Honda, Takahiro Hachigo, the new chief executive, showed video footage set to a light-hearted 50s-style rock music of happy people with Honda products, like a lawn mower and the Asimo walking robot.
Huge across-the-board declines seen in most of the equities after big increase in short sales EMMA DAI
Automakers in China are finding themselves in a "lose-lose situation" after a world-beating stock market boom that diverted funds away from buying new models turned into a bust.
A 51-year-old woman investor from Zhejiang province and a keen capital market participant for over a decade, is one of the unlucky ones who saw her fortunes vanish amid the wild market swings.
The People's Bank of China will provide ample liquidity to help stabilize the stock market. It will work with China Securities Finance Corp Ltd, the State-owned margin lender, to obtain liquidity through loans and bonds. The PBOC says it will do whatever it can to prevent systemic risks.
Didi Kuaidi, China's largest mobile-based car-booking company, said on Wednesday that it had raised $2 billion from its latest round of fundraising, with even more powerful investors on board.
Two recent announcements, both representing further uncharted financial territory for China, set off alarm bells for me.
Shares of some United States-listed Chinese companies stumbled on Tuesday as investors appeared to flee anything connected to the turmoil of the mainland's stock market.
Alibaba, Baidu and Tencent are seeing some of their most talented staff leave to set up or join online startups as venture capital funds move into the market
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Raymond Zhou
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