Christine Lagarde has said she is open to a new five-year term as Managing Director of the IMF. She should get it: The IMF has never had better leadership, and its board of directors should give her the chance to finish the work she has begun.
2016-01-19
Credit-fuelled investment must slow and household incomes and consumption accelerate
2016-01-19
New York Stock Exchange-listed Chinese online recruitment firm Zhaopin Ltd. says it has received a preliminary non-binding proposal from affiliates of CDH Investments and Shanghai Goliath Investment Management L.P. to take the company private, according to a company announcement. The investors plan to acquire all of the company's outstanding ordinary shares not owned by Zhaopin's […]
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2016-01-19
Forecasts revised down but rich and poor nations will see faster growth in 2016, says fund
2016-01-19
Dalian Wanda Group has obtained China's first Internet lending business license from Shanghai's Free Trade Zone, and plans to list its Internet finance arm in the future, says the Chinese conglomerate's chairman Wang Jianlin. Wanda's Internet financial services arm will hit RMB300 billion (US$46 billion) in total transaction value and cover up to 800 million […]
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2016-01-19
Tibetan exile groups decry perceived cultural interference
2016-01-19
Beijing takes aim at red tape and taxes for ‘supply-side revolution’
2016-01-19
AISpeech, a Suzhou city-based speech recognition and analysis start-up, has completed a RMB200 million (US$30 million) new financing round from undisclosed investors, according to Chinese media reports. The company says it will use the proceeds on content consolidation and international market expansion. Founded in 2007 by University of Cambridge graduate Gao Shixing (pictured), AISpeech received […]
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2016-01-19
China’s real GDP growth dipped to 6.8% year-on-year for the fourth quarter from 6.9% in third quarter and slightly below market expectations of 6.9%. Nominal GDP growth weakened more significantly to 6.0% from 6.2%. On a quarter-on-quarter basis, real GDP growth slowed to 1.6% in the fourth quarter, from 1.8% in the third quarter. The […]
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2016-01-19
British citizen Lee Bo said to be assisting probe in neighbouring Guangdong province
2016-01-19
Absolute annual growth remains higher than Turkish GDP
2016-01-19
Chinese property developers with significant exposure to offshore debt markets will come under added stress if the weakness in the RMB is prolonged, says a research report by Standard & Poor's Ratings Services. "Under our base case for developers, most issuers could withstand another 10% depreciation from the RMB's level at the end of 2015, […]
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2016-01-19
The merged Meituan-Dianping entity, the largest on-demand local services provider in China, has raised over US$3.3 billion in a new financing round, a representative at the company confirms to China Money Network. Last month, Chinese media reported that Meituan-Dianping has raised US$2.8 billion in a new financing round after the two companies' merger last October. […]
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2016-01-19
Chinese technology and investment group Cocoon Networks, backed by ChinaEquity Group and Hanxin Capital, is launching a £500 million (US$720 million) London-based venture capital fund aimed at investing in the U.K. and European tech startups, according to a company announcement. Cocoon Networks will look to invest in tech companies whose products and services show promise […]
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2016-01-19
Would most people who click on this headline agree with Asia's riches man, Dalian Wanda Group's chairman Wang Jianlin, that there is no fear of economic or property collapse in China? Why? You don't? Mr. Wang, who's worth almost US$37 billion and whose time is obviously very expensive, can only spend a minute explaining it to you. At the Asia […]
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2016-01-19
China Investment Corporation (CIC) is considering a bid for Australian Securities Exchange-listed Investa Office Fund, a real estate investment trust with AU$3.1 billion (US$2.1 billion) under management, according to the Australian Financial Review. The deal follows CIC's successful bid last July to acquire a property portfolio of nine Australian office buildings from Morgan Stanley's real […]
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