Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
In a statement yesterday, China's banking regulator urged more funding to coal mines and plants to tackle energy shortages, but also made an unrelated but important demand to reduce excessive loans. A few peculiar types of loans were specifically named, including “graveyard loans,” to pay for a deceased relative’s burial site.
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work?
China’s most powerful internet regulator says the country’s companies and government organizations have three years to set up a governance system for the algorithms that power many of the internet services that consumers use daily.
Chinese factories are experiencing electricity shortages that will affect the world’s supply of everything from iPhones to Christmas lights. Now they can't find enough workers. Can robots help?
Rising demand for Chinese goods, climbing prices for coal, and a government campaign to reduce power consumption have collided — and caused an energy crisis in China. Here’s how it happened, and what might come next.
As many as 20 provinces in China are suffering from power shortages, leaving businesses and millions of residents affected by power rationing. Where did this crisis come from? David Fishman, China energy policy researcher and manager at the Lantau Group consultancy, gives a brief primer.
“Investment is not a virtual game,” a commentary in state-run Chinese media said earlier this month, warning investors to avoid augmented and virtual reality “metaverse” products. Investors did not listen — Beijing-based Nreal, an augmented reality technology company, just completed a Series C funding round of over $100 million.
From ironworker to China’s richest man, Xu Jiayin personified the freewheeling, dealmaking China of former decades. But now he and his debt-ridden business empire must reckon with cooling growth, and a Chinese leader on a mission to root out decadence from society.
Evergrande is an enormous conglomerate that develops real estate, sells apartments and wealth management products, and invests in electric vehicles and soccer teams. Is the house of cards about to collapse?