Qingdao Haier plans to acquire home appliances business assets owned by General Electric and its subsidiaries for USD5.4 billion. According to GE, the deal is expected to be closed in the middle of 2016. Meanwhile,……

China’s urban worker pension plan faces nearly a RMB1 trillion (US$150 billion) funding gap in 2014, as the country’s individual urban worker pension accounts reached an aggregate liability of RMB4.1 trillion while the actual balance of funds were RMB3.2 trillion, according to the China Pension Report 2015 release by the Chinese Academy of Social Sciences. […]

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A slump in property and other key asset values in China could destabilize the economy and the financial sector unless proper measures are in place to anchor investor confidence, according to a report issued by Standard & Poor’s Ratings Services today. “Corporate defaults are likely to increase as the central government gradually withdraws its implicit […]

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Chongqing has replaced Beijing as the city with the worst traffic jams in China, and staff working at Qihoo 360 Technology Co. Ltd. get off work the latest among all Chinese Internet companies, according to a new report released by Didi Kuaidi and China Business Network. The report analyzes big data collected on Didi Kuaidi’s […]

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The global augmented and virtual reality sector secured US$686 million investment in 2015, after six straight quarters of investment growth in the sector, says a new report by Digi-Capital. The research firm forecasts that the augmented and virtual reality market will hit US$120 billion by 2020, down from the US$150 billion estimate it made last […]

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U.S. theme park company Six Flags Entertainment Corporation says it has started construction of China’s first Six Flags-branded theme park in Haiyan city, Zhejiang province, according to a company announcement. The Six Flags theme park in China, which is expected to open in 2019, is part of a RMB30 billion (US$4.6 billion) mixed use development […]

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The People’s Bank of China’s requirement on onshore RMB deposits by offshore financial institutions will have little impact on onshore liquidity and limited impact on offshore liquidity, but could lead to more capital outflows, says a research report by ANZ. The Chinese central bank will apply the general reserve requirement rule on onshore RMB deposits […]

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Dalian Wanda Group has obtained China’s first Internet lending business license from Shanghai’s Free Trade Zone, and plans to list its Internet finance arm in the future, says the Chinese conglomerate’s chairman Wang Jianlin. Wanda’s Internet financial services arm will hit RMB300 billion (US$46 billion) in total transaction value and cover up to 800 million […]

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China’s real GDP growth dipped to 6.8% year-on-year for the fourth quarter from 6.9% in third quarter and slightly below market expectations of 6.9%. Nominal GDP growth weakened more significantly to 6.0% from 6.2%. On a quarter-on-quarter basis, real GDP growth slowed to 1.6% in the fourth quarter, from 1.8% in the third quarter. The […]

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Chinese property developers with significant exposure to offshore debt markets will come under added stress if the weakness in the RMB is prolonged, says a research report by Standard & Poor’s Ratings Services. “Under our base case for developers, most issuers could withstand another 10% depreciation from the RMB’s level at the end of 2015, […]

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