Former finance chief Lou Jiwei “came to office in 2013 promising to change the system and restructure local government debt. He failed on both counts: local government spending as a share of the total has risen from about 65 percent in 2001 to about 85 percent in 2015, transfers from the center have widened, and local governments’ borrowing has increased.”
A small network of Silicon Valley lawyers and venture capitalists makes big China deals happen
Connie Chan, a partner at the venture capital firm Andreessen Horowitz, the lawyer and investor Carmen Chang, and Shoucheng Zhang — a physicist from Stanford who leads Danhua Capital — are among those who help American tech companies connect with Chinese investors and the nation's tricky market.
China in 2 minutes a day
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Jan 20, 2017