China
By Sun Yu of FT China Confidential Much attention has centred on the ballooning debts owed by local governments in China to state banks. Less noticed, though, is the surge in defaults among a vast network of unregulated underground banks in recent months, a development that threatens to further crimp credit supplies to the private sector. According to research over several months by FT China Confidential, non-performing loans at 50 underground banks surveyed in seven provinces have been climbing steadily since early 2011.
Underground banks squeeze business | beyondbrics | News and views on emerging markets from the Financial Times
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Comment / Analysis - China: A sharper focus
A rapidly spreading Internet controversy threatens to turn a precocious political star-in-the-making into a 21st century Chinese version of Icarus. Like the mythical Greek boy with the waxen wings, the child at the center of the controversy, 13-year-old Huang Yibo, was soaring. Sina.com A screenshot taken May 5, 2011 shows one of dozens of Chinese blogs discussing photos of 13-year-old political prodigy Huang Yibo. According to local media reports ( in Chinese ), Huang, a top-ranking student in Wuhan’s Young Pioneers of China, started watching China’s main state-run evening news broadcast at the age of two. He went on to become a voracious reader of the People’s Daily when he turned seven and has since made “allowing everyone to live an even better life” his dream.
Five Stripes: Rise and Fall of China’s Youngest Political Star - China Real Time Report
China Declares Victory Over Population Growth, Focuses on Aging
China declared victory over rapid population growth as the release of its decennial census signaled the focus will turn to managing the impact of a faster- than-expected rise in the number of older people. China had 1.34 billion people as of Nov. 1, the Beijing- based National Bureau of Statistics said yesterday. While still the most populous country, the higher birth rate of India’s 1.2 billion people puts it on course to take the title when the South Asian nation holds its next census in 2021. Enlarge image China’s Urban Population Climbs to 49.7% of Total, NBS Says
As people from around the globe flood into China in search of riches, more than 50% of China’s rich are considering leaving the country. According to a new study on private wealth in China from consultancy Bain & Company, nearly half of the country’s richest citizens have considered investment immigration — a form of temporary or permanent residence that some countries, such as the U.S., give to foreign citizens when they create jobs and invest a high sum of money in a lesser-developed region. Jason Lee/Reuters
Security Solution for China’s Rich: Emigrate - China Real Time Report
Inflation, What Inflation? China's Cheap Vegetables Problem - China Real Time Report
STR/AFP/Getty Images A Chinese vegetable vendor waits for customers at a market in Hefei, east China’s Anhui province on April 14, 2011. David Gray/Reuters A farmer sits with his twin grandsons in the middle of a field where he is planting crops on the outskirts of the city of Zhuhanzhen in Shandong Province April 21, 2011. Although food prices have been rising in China’s cities, most of the money goes to transportation and middlemen, leaving farmers with little. When China suffers inflation, food prices are always a significant part of the problem .
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China - CIC set for up to $200bn in fresh funds
Special Reports - On good terms: Chinese banks fuel ‘going global’ drive
These days, when the governor of China Development Bank travels abroad, he is treated almost like a head of state. Chen Yuan is not only the most senior official at China’s biggest “policy” lender, but also a “princeling”, the son of a founding leader of the Chinese Communist party, which means he wields enormous political clout in Beijing. His bank’s role as a substantial source of cheap financing for domestic companies looking to invest overseas makes him a very important man outside the country as well as at home. In recent years, China’s government has rapidly ramped up its decade-old policy of encouraging domestic companies to “go global”, especially through international mergers and acquisitions.
China / Economy & Trade - China reveals surge in exports
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Enjoy full access to FT.com's award-winning news, comment and analysis. With over from 500 journalists reporting from over 50 countries, read our trusted news, expert insight and authoritative opinion as it's happening. Access FT.com's 5 year archive of news, comment, analysis, reports and more for all the information on factors affecting your business you need. Whether you're researching a competitor or just need background information for a presentation, you're sure to find what you need.
Comment / Analysis - China and the US: Access denied
Wen Beating Inflation Makes China Stocks a Buy at Banks
China ’s fourth interest-rate increase in less than six months is spurring investment strategists at four of the world’s biggest banks to say it’s time to buy stocks in the fastest-growing major economy. Credit Suisse Group AG boosted its 12-month forecast for the Hang Seng China Enterprises Index, also known as the H-share index, predicting a 28 percent gain after the central bank raised its one-year lending rate by a quarter point to 6.31 percent on April 5. HSBC Holdings Plc (HSBA) increased its rating on China to “overweight,” while Macquarie Group Ltd.Enjoy full access to FT.com's award-winning news, comment and analysis. With over from 500 journalists reporting from over 50 countries, read our trusted news, expert insight and authoritative opinion as it's happening. Access FT.com's 5 year archive of news, comment, analysis, reports and more for all the information on factors affecting your business you need.
Retail & Consumer - Street smarts needed to thrive in China
World - Corruption hits China’s high-speed railway
Enjoy full access to FT.com's award-winning news, comment and analysis. With over from 500 journalists reporting from over 50 countries, read our trusted news, expert insight and authoritative opinion as it's happening. Access FT.com's 5 year archive of news, comment, analysis, reports and more for all the information on factors affecting your business you need.PetroChina Co. pledged to accelerate acquisitions of energy assets and develop the country’s domestic natural gas resources as demand for the fuel rises following Japan ’s nuclear reactor crisis. “We will accelerate our global expansion,” PetroChina President Zhou Jiping said at a media briefing in Hong Kong yesterday, after the company posted a record quarterly profit. “The nuclear plant closure in Japan will boost its demand for oil and gas. That will have a pretty big impact as Japan is the world’s largest liquefied natural gas importer.” Enlarge image PetroChina Co. vice chairman and president Zhou Jiping