Saturday, October 20, 2018

For the first time in a decade, US is crowned ‘world’s most competitive economy’. How did China do?

For the first time in a decade, US is crowned ‘world’s most competitive economy’....

For the first time in a decade, the United States was crowned the world’s most competitive economy by the organisation behind the Davos economic forum. The World Economic Forum on Wednesday released its latest global competitiveness report, which looked at 140 economies based on 98 wide-ranging social, political and economic factors. The organisation assessed a…
Hurun Report: four out of top five most successful women entrepreneurs globally are Chinese

Hurun Report: four out of top five most successful women entrepreneurs globally are Chinese

China dominates the ranks of the world’s most successful women entrepreneurs, claiming four out of the top five spots, while its share of “self-made” women has also risen to 77 per cent, according to the Hurun Richest Women in China 2018 report, which was released on Tuesday. Yang Huiyan, 37, of Country Garden, which is…
Hurun Report: four out of top five most successful women globally are Chinese

Hurun Report: four out of top five most successful women globally are Chinese

China dominates the ranks of the world’s most successful women, claiming four out of the top five spots, while its share of “self-made” women has also risen to 77 per cent, according to the Hurun Richest Women in China 2018 report, which was released on Tuesday. Yang Huiyan, 37, of Country Garden, which is China’s…
US$1 for 19.77 yuan? How a bogus social media rumour reveals fear that China is printing money

US$1 for 19.77 yuan? How a bogus social media rumour reveals fear that China...

A layman theory about China’s yuan, suggesting it should be worth 19.77 to the US dollar – about three times the current exchange rate of 6.9 – has gained popularity on Chinese social media, reflecting fears that the currency is entering a long cycle of depreciation. The theory surfaced in a number of social media…
China’s stock regulator promises to protect investor interests as the market falls to four-year low

China’s stock regulator promises to protect investor interests as the market falls to four-year...

China’s securities regulator said it had met investors after the nation’s stock market fell to its lowest level in almost four years last week, pledging its commitment to protect their interests and ensure a fair and transparent capital market. In a rare move, Liu Shiyu, chairman of the China Securities Regulatory Commission, held a meeting…
IMF chief Lagarde dismisses idea Beijing is manipulating the yuan as Washington turns up the heat

IMF chief Lagarde dismisses idea Beijing is manipulating the yuan as Washington turns up...

International Monetary Fund chief Christine Lagarde has dismissed the idea that China is manipulating its currency to gain a competitive advantage, giving verbal support to Beijing as Washington reiterates its concerns about the yuan’s exchange rate. Lagarde’s remarks on Thursday came just a day after US Treasury Secretary Steven Mnuchin warned China not to engage…
Wall Street bloodbath spills over to Hong Kong, China stocks

Wall Street bloodbath spills over to Hong Kong, China stocks

Stocks in Hong Kong and Shanghai plunged on Thursday as a sell-off on Wall Street spread to Asia, after rising bond yields and higher interest rates spooked investors and caused a broad market rout. The Chinese onshore yuan was also hit hard, sinking to 6.9331 per dollar, a 21-month low, before bouncing back to 6.9265…
Asia faces a devil’s bargain over US sanctions on Iran’s oil

Asia faces a devil’s bargain over US sanctions on Iran’s oil

Donald Trump’s re-imposition of sanctions on Tehran leaves oil importers with a stark choice: pay punishing prices on the open market, or buy cheaply from Iran and face the wrath of the United States By Tom Holland 1 Oct 2018 US President Donald Trump is re-imposing sanctions on Iran. Photo: Reuters In just over a…
Meet the Chinese businessmen making waves in Australia

Meet the Chinese businessmen making waves in Australia

From jaw-dropping property deals to political intrigue, here are three influential – and sometimes controversial – Chinese figures down under By John Power 30 Sep 2018 Chau Chak Wing at an event honouring Chinese-Australian troops at the Australian War Memorial. Photo: Kingold CHAU CHAK WING Since making his billions in China’s real estate market, Chau…
The winners and losers in Duterte’s China play

The winners and losers in Duterte’s China play

Real-estate companies in the Philippines are riding a wave of Chinese investment driven by betting operations, squeezing local buyers from the market By Alvin Camba 30 Sep 2018 / UPDATED ON 1 Oct 2018 Photo: Shutterstock Real-estate companies in the Philippines have seen a windfall from Chinese investments and buyers – but as property prices…
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