For all of its undeniable benefits, globalization has spawned problems of governance and management that have exposed the inadequacy of national governments and international institutions. And fragile institutions have given rise to a political backlas…
2014-09-23
U.S. private equity giant Blackstone Group L.P. has agreed to acquire a stake in SuZhou city-based Chinese orthopedic medical instruments maker Xinrong Best Medical Instrument Co. Ltd., according to a company statement. Deal terms were not disclosed. The Chinese orthopedic instrument market demand has been growing at 19.2% compound annual growth rate during the period […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-09-23
Hangzhou-based Chinese mobile financial app Tongbanjie has received close to US$50 million in series B financing led by Legend Capital, according to the company announcement. Existing investors China Growth Capital and IDG Capital Partners also participated in the latest round. Launched in 2012, Tongbanjie completed over US$10 million series A financing led by IDG Capital […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-09-23
In this episode of China Money Podcast, guest Peter Crosby, chief emerging markets officer at Paris-listed professional social network Viadeo Group, talked with our host Nina Xiang, about Viadeo's China business, how it monetizes its social network platforms, and how Viadeo handles content censorship in China. Viadeo is the world's second largest professional social network […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-09-23
Barack Obama's new strategy for fighting the Islamic State reflects a mature and coherent US foreign policy – albeit one that does not fully live up to Obama's proclaimed values. That omission may yet defeat his plan.
2014-09-23
Savills report shows UK capital outpacing Hong Kong as the most costly city to live and work in, due to the strong pound and rising rents
2014-09-23
A growing number of Chinese companies are exporting instruments of torture such as electric stun batons, says Amnesty International report
2014-09-23
Crowds took to the streets in four northern Chinese cities this week after the collapse of an underground fundraising scheme in which they had invested
2014-09-23
The British artist Damien Hirst once referred to the 2001 attack on New York’s World Trade Center as “kind of an artwork in its own right." Today, Western governments, while able to describe in strategic terms the threat of the Islamic State, are still struggling to come to terms with its visual assault in the global media.
2014-09-23
After 23 years of economic growth, country experiences fall in prices of key exports and a restructuring across its resources sector
2014-09-23
Prominent Uighur academic receives life prison, according to his lawyers, in the harshest verdict handed down since Xi Jinping launched a crackdown on internal dissent
2014-09-23
The country’s biggest banks plan to lower interest rates on home mortgages, state media say, highlighting Beijing’s concerns about the flagging property market
2014-09-23
China has reportedly relaxed mortgage rules to help its struggling property sector. The move is not surprising, and it will help ease the property market downturn to an extent, but will stop short of reversing the downtrend, writes Wang Tao, an economist at UBS AG, in a report. Chinese domestic media reported that the Chinese […]
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2014-09-23
The author is Liu Li-Gang, chief economist of Greater China at ANZ Over the past few years, China’s trust industry witnessed a dramatic growth, and has become a significant segment in China’s shadow banking system. The total assets under China’s trust industry reached RMB12.5 trillion (US$2.04 trillion) as of June 2014, increasing fourfold since 2011, […]
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2014-09-23
Emerging East Asia’s local currency bonds have performed well so far in 2014 but an earlier-than-anticipated U.S. interest rate hike, a slowing property market in China, and higher risk aversion and inflation due to Middle East tensions could undermine that, says a new report from the Asian Development Bank (ADB). As of the end of […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-09-23
The HSBC flash China Manufacturing Index (PMI) came in at 50.5 in September, slightly up from 50.2 in August. The reading is a two-month high. The flash China Manufacturing Output Index was 51.8 in September, unchanged from August’s two-month low. "The picture is mixed, with new orders and new export orders registering some improvement," says […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-09-23
Internet billionaires account for five of China’s 10 richest people, with Alibaba founder Jack Ma now the country’s richest person following his company’s IPO
2014-09-23
Chinese telecom device maker Huawei plans to open 100 specialty stores in Malaysia in 2014 as it aims to establish itself as a top smartphone brand. According to reports in Malaysian local media, Huawei is implementing a series of advertising and marketing plans in Malaysia to strengthen its brand influence and enhance its sales in […]