North Korea’s system is failing, owing to serious energy constraints, a severe food shortage, a high infant-mortality rate, and a long-stagnant economy. In order to survive, the world’s most centralized and closed economy will have to open up – and that means implementing wide-ranging economic reforms.
2014-01-16
Country’s wealthiest people spend less on luxury items as President Xi Jinping’s anti-corruption campaign makes presents for officials bad for business
2014-01-16
American organic dairy maker WhiteWave Foods Company announced that the company has reached an agreement with China's Mengniu to establish a joint venture which will focus on the manufacturing, promotion and sales of nutritious products in China. The cooperation will also include an acquisition of Yashili (Zhengzhou) Nutrition Company Limited, a subsidiary of Yashili International. […]
2014-01-16
Chinese B2C e-commerce website JD.com announced the launch of its free instant messaging product "Jingdong Dongdong" for individual users. This product is mainly used for communications between individual users. It also has a customer service consulting function. JD.com previously released the PC beta version of this product and the one launched this time is an […]
2014-01-16
Christine Lagarde, managing director of the International Monetary Fund, delivered the following speech at the National Press Club in Washington D.C. on January 15, 2014 Let me begin by wishing you all a happy New Year. I think this is appropriate, given that we are halfway between western New Year and lunar New Year! It […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-01-16
China added RMB483 billion in new RMB loans in December, a 23% decline from November's RMB625 billion. The new RMB loan number is below market expectations. The average forecast surveyed by Bloomberg expected China adding new loans of RMB570 billion in December. For the year of 2013, total new RMB loans reached RMB8.9 trillion, up […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-01-16
Although Beijing cannot let its economy slow down too suddenly, the time has come for the government to prioritise stability over growth
2014-01-16
Chinese smartphone maker Xiaomi confirmed that the company has reached a deal with Hong Kong mobile operator PCCW-HKT for the sales of Hongmi, also known as the Red Rice Phone, in Hong Kong. Under the cooperation, the two parties will launch contracted Hongmi smartphones. Users who subscribe to a HKD148 monthly package for 18 months […]