Shujie Yao says serious structural flaws in the Chinese economy mean the days of near-double-digit growth are over. The nation must now prepare for three years of hardship, which will be felt by the rest of the world
Low valuations, market reforms and the prospect of monetary easing were all supposed to bring about a long-awaited turnaround for China’s languishing stock market this year, but halfway into 2011 and Chinese stocks have failed to live up to their promise.
Economic growth in Asia, which has been slowing in recent months, is set to recover in the second-half of the year, on the back of a rebound in China, say economists at HSBC.
The strengthening of the greenback in recent months might be the start of more financial trouble as businesses and speculators rush to cover their short positions
The Chinese arms of all of the Big Four audit firms have been asked by US regulators to turn over documents related to audits of China-based companies listed in the United States, a person familiar with the matter said on Tuesday.
The Chinese arms of all of the Big Four audit firms have been asked by U.S. regulators to turn over documents related to audits of China-based companies listed in the United States, a person familiar with the matter said on Tuesday.
A Singapore-based private equity fund is now the proud owner of the outstretched arms and slapping palms of popular children’s entertainment brand Hi-5 Australia.
Ricardo Leiman, who quit Noble Group Ltd. (NOBL) the day it posted its first quarterly loss in about 14 years, sued a unit of Asia’s biggest commodity supplier, claiming his shares and 2011 bonus were wrongfully withheld.
Huang Zhong Xuan, former executive director and CEO of China Sky Chemical Fibre, has been accused of defaulting on a $7.5 million loan from a bank. The bank has filed a lawsuit against Huang and three guarantors, including his wife, in the High Court to seek the return of the amount owing.
Yangzijiang Shipbuilding’s founding Chairman, Mr Ren Yuanlin, has donated US$750 mln worth of his stocks in the group to Yuanlin Charity Foundation which helps senior citizens in China.
Private equity-backed Chinese sportswear brand Li Ning warned of a "substantial decline" in profit for 2012 due to weaker sales and higher marketing costs, knocking its shares to a 6-1/2 year low. Read more...
China's banking regulator has told banks to assess loans to credit guarantee firms and step up checks on the sector, sources who have seen the documents told Reuters on Monday. Read more...
Global cheers over China's decision to cut interest rates faded on Friday as investors and economists worried that the move signalled the impending release of grim economic data.
U.S. coal exports to China could more than double to over 12 million tonnes in 2012 thanks to depressed freight rates and a fall in domestic demand in the United States, the chief of top U.S. coal exporter Xcoal Energy & Resources said.
Falling coal prices and soaring costs have forced Australia’s producers to start trimming output and letting go of some workers, hurting miners, rail and port operators and potentially threatening plans for more than $30 billion of investment in new mines.
By all accounts, Myanmar opposition leader Aung San Suu Kyi had a successful visit to Thailand in what was her first trip abroad after 24 years. The 66-year-old parliamentarian enjoyed a superstar-like welcome and made the most of her short trip to highlight the plight of her fellow countrymen overseas, such as exploited migrant workers and war refugees.