Beijing invests billions to try to squeeze out Japanese and South Korean rivals

New status reflects growing global influence but also reliance on debt to fuel economy

Europe and Latin America have done far worse over past 20 years in face of Asia’s rise

Beijing makes simultaneous pledges to cut coal and steel capacity

Focus on debt, internet finance risks in final year of President Xi’s first term

‘We see BlackRock as our benchmark,’ says the CEO of Harvest Fund Management