China

 

How huge 'Ponzi scheme' lured investors

Ding Ning, owner of Ezubao, speaks during an interrogation in an unknown location in an image taken from CCTV footage.

Emily Rauhala   Ezubao advertised on China's government-built bullet trains, and its executives schmoozed with state media big shots and Communist Party cadres. But it was the spot on CCTV's sober nightly newscast that sold one investor. "The government is behind it," she thought.

Distance can skew the view of China

Principal's Bob Baur says China is not well understood.

Vesna Poljak   "When you're far away, you see the structural problems and you question China's ability to see them."

IMF chief: China can avoid 'hard landing'

Advanced economies should support their economies through accommodative monetary policy and infrastructure spending to ...

David Lawder   But spillovers from China's transition to slower growth will continue to pressure oil and commodity exporters around the globe, IMF chief Christine Lagarde says.

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Food supply brings ChemChina to the table

The acquisition is aimed at boosting crop efficiency and productivity, with Syngenta a world leader in pesticides and ...

It would be the biggest Chinese takeover deal on record, and is unlikely to be the last with China seeking to shore up security of food supply for its population.

Food needs drive record Chinese takeover

Chinese companies have shown themselves willing to put up increasingly larger sums of money to acquire foreign ...

Alexandra Stevenson, Chad Bray and Amie Tsang   The transaction would be the largest acquisition of a foreign company by a Chinese firm and the latest in a string of deals by ChemChina.

The biggest dealmaker you've never heard of

While Ren Jianxin spent his career in the Chinese Communist Party's firmament, he's become a different sort of SOE leader.

Bloomberg News   He's behind what would be the biggest-ever acquisition by a Chinese company, but Ren Jianxin is still a bit of a mystery, even at home.

China sets 6.5% to 7% growth target

The IIF, the chief global body for the banking industry, calculates that capital outflows from China reached $US676 ...

Bloomberg News   China set a range for its economic growth target, rather than a specific number, for the first time in two decades, saying the world's second-largest economy would expand 6.5 per cent to 7 per cent this year.

KFC wins payout over China mutant chicken rumours

KFC has been battling food safety allegations in China for several years.

A Shanghai court has fined three local tech firms for helping spread bizarre rumours about KFC.

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China cracks down on $10b Ponzi scheme

Ding Ning, the owner of Ezubao, speaks during an interrogation in an unknown location in this undated image taken from a ...

Philip Wen   Chinese police have arrested 21 people connected with an online finance company accused of fleecing more than $10 billion from investors in one of the world's largest-ever Ponzi schemes.

China 'losing confidence' of global lenders

The IIF, the chief global body for the banking industry, calculates that capital outflows from China reached $US676 ...

Ambrose Evans-Pritchard   Time running out for China on capital flight, warns bank chief.

China's factories hit the brakes

The slowdown in China's factories is flowing through to the country's sharemarket.

​Chinese shares got off to a halting start on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012.

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China's 'hard landing' may have already happened

China's lack of transparency – with murky data releases, opaque policy making and confusing announcements – is notorious ...

Jessica Sier   A new approach to measuring Chinese growth suggests the "hard landing" we have been fearing might have already happened.

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Hysteria over China has become ridiculous

F"The Chinese government is going to look after the interests of most of the people, most of the investors."

Ambrose Evans-Pritchard   Let us return to reality. China is not slowing. It is picking up slowly after a "recession" in early 2015.

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Alibaba profit: Good news for China's economy?

Alibaba, already China's biggest e-commerce company, wants at least half of its sales to come from overseas.

Paul Mozur   Economists and investors alike are watching the Chinese e-commerce platform to bet on the country's prospects.

China raises $4.3 billion in first domestic sale of green bonds

Pollution, along with climate change concerns, has been driving efforts in China to move away from coal.

Bloomberg News   Shanghai Pudong Development Bank Co. raised 20 billion yuan ($4.3 billion) in China's first domestic green bond offer tied to support for clean energy and environmental protection.

China's 'daigou' shoppers leading Australian retail drive

Personal shoppers are buying up local products to satisfy demand in China.

Lucy Battersby   First they bought up our baby formula, next it was vitamins, now the millions back home have their eyes on Australia's fresh food - and they're sending in their shoppers.

China's industrial profits fall

A slowing domestic economy is cutting profits among Chinese businesses.

Slowing economy hits sales and forces Chinese companies to cut prices.

Australia to win from China's restrictions

Up to 80 per cent of the "thousands of baby formula brands" sold in China could disappear.

Jared Lynch   Australian infant formula makers are poised to profit after Beijing authorities introduced tougher food safety laws.

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China stocks plunge again

Investors appear to have had enough of their wild ride on China's markets.

China's stocks plunged 6.4 per cent to 2,749.79 at the close amid concern capital outflows will accelerate.

PBOC injects most cash since 2013

The People's Bank of China added 440 billion yuan ($US67 billion) using reverse-repurchase agreements.

China's central bank is flooding the country's financial system with cash to prevent a shortage as demand for funds picks up.

Want to rent a Ferrari? Get an oil tanker, it's cheaper

A ferrari.

Alex Longley   China's slowing growth has crushed shipping rates to such an extent that hiring a 335-metre cargo ship would set you back less than the price of renting a Ferrari for a day.

Hedge fund that called GFC urges 50% yuan drop

An employee at a currency exchange store counts one-hundred yuan notes. The nation should take drastic steps to ease ...

Saijel Kishan   China should weaken its currency by more than 50 per cent this year, veteran hedge fund manager says.

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Why China's growth rate spells trouble

China's official growth rate is 6.9 per cent but an increasing number of economic commentators from outside the country ...

Peter Martin   No longer omniscient, China's leaders are being openly mocked.

China attempts to walk the economic tightrope

Chinese President Xi Jinping has tried reassure investors that China's economic fundamentals are sound.

Philip Wen   Managing slowing growth without overdoing stimulus is proving difficult.

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China growth at weakest since GFC

The IIF, the chief global body for the banking industry, calculates that capital outflows from China reached $US676 ...

Kevin Yao and Xiaoyi Shao   ​China's economy grew 6.8 percent in the fourth quarter from a year earlier putting pressure on Beijing to roll out more support measures.

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China's stock regulator offers resignation: sources

Xiao Gang, chairman of the China Securities Regulatory Commission.

China's embattled top securities regulator, Xiao Gang, has offered to resign after perceived mismanagement.

Withheld wages show China's problems

Construction worker Qiu Kai says he is owed wages.

Philip Wen   Worker outrage is a sign of softening in world's second largest economy.

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China to lead way in innovation: Uber chief

“We gotta play our A-game in order to compete with the best.”: Uber chief Travis Kalanick,

Watch out, Silicon Valley. China's out to eat your lunch.

China stocks head for third week of losses

The Shanghai gauge's losing streak is the longest since the week ended October 2.

Kyoungwha Kim   Chinese stocks headed for a third week of losses amid lingering concern about the government's ability to manage the economic slowdown and yuan devaluation.

China stocks head for bear market

The Shanghai Composite Index sank as much as 2.8 per cent, falling more than 20 per cent from its December high.

Bloomberg News   Chinese stocks dropped below the lowest levels in last year's market sell-off and headed for a bear market.