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.
Jamie Dimon, head of the bank JP Morgan Chase, with a net worth of $1.9 billion, flew last week into Hong Kong, where the government allowed him to stay for a few days without any quarantine measures because of his economic importance to the region’s economy.
China’s highly indebted property developer Evergrande continues to hop from one grace period to another on payments for various bonds, narrowly avoiding default. Meanwhile, the U.S. Federal Reserve has raised concerns about risks from “highly indebted corporations, especially in the real estate sector” in China.
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In Shanghai, coffee has become an addiction. Can Manner Coffee expand to become China’s first major Starbucks rival?
Yahoo has ended its 22-year presence in the Chinese market, a largely symbolic move after many of the internet company’s services had already stopped operating in China years ago.
Alibaba’s Yitian 710 chip shows how the U.S.-China-Taiwan semiconductor dance hides an increasingly unstable equilibrium.
Beijing has cracked down hard on bitcoin and other cryptocurrencies, but China still has a thriving ecosystem of startups and entrepreneurs working on decentralized finance technology, or DeFi, based on the blockchain technology behind bitcoin.
The Chinese developer Modern Land said today that it had missed all payments on a $250 million bond, highlighting continuing strain in China’s property sector. At the same time, Evergrande appears to have averted multiple crises and the IMF says that risks are “contained,” for now.
China’s new five-year pilot program for property taxes is thin on details — including where it will be introduced, who will have to pay, how high, and how often. But Beijing is hoping the long-dismissed continuation of trials last implemented in 2011 is a way to safely and smoothly deflate the real estate bubble.
New research shows that in the first year of the U.S.-China trade war, the Trump administration’s tariffs and other actions elevated political risk for companies — but the American firms in China that were most exposed to tariffs were not more likely to exit the Chinese market, let alone repatriate to the U.S.