Would most people who click on this headline agree with Asia’s riches man, Dalian Wanda Group’s chairman Wang Jianlin, that there is no fear of economic or property collapse in China? Why? You don’t? Mr. Wang, who’s worth almost US$37 billion and whose time is obviously very expensive, can only spend a minute explaining it to you. At the Asia […]

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At a time when confidence in China is reaching a new low, we at China Money Network think perhaps it’s time to look beyond all those bearish headlines and try to focus a bit further down the road. Luo Zhenyu, the founder of an immensely popular personal media and knowledge sharing show Logical Thinking (Luoji […]

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China’s State Intellectual Property Office says that it received a record 1.1 million applications for intellectual property registrations last year, up 18.7% year-on-year, according to an announcement (in Chinese). Around 359,000 intellectual property registrations are new inventions, of which 263,000 are from domestic individuals and companies, up 62% from a year ago. As of the […]

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Qingdao Haier Co., Ltd. has agreed to buy the electric appliances business of General Electric for US$5.4 billion in cash, as part of a strategic cooperation framework between the two companies, according to a company announcement. The deal is the third largest acquisition of a U.S. company by a Chinese buyer, and the biggest China […]

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Chinese solar energy firm Asia Clean Capital Ltd. has received a US$40 million project finance loan from Goldman Sachs to accelerate the expansion of its rooftop solar systems in China, according to a company announcement. “Today’s announcement signifies a substantial vote of confidence in the future of Asia Clean Capital and also in the fundamentals […]

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China’s new RMB loans declined sharply to RMB597.8 billion in December 2015, down from RMB708.9 billion in November, below market expectations of RMB700 billion. The lower-than-expected new loans suggest that credit demand remained weak, and commercial banks were still reluctant to lend due to rising credit risks, says a research report by ANZ. Aggregate financing […]

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New York Stock Exchange-listed Xinyuan Real Estate Co., Ltd. says its U.S. arm has acquired a parcel of land in Midtown Manhattan for US$57.5 million, says a company announcement. The city block-front parcel, located on 10th Avenue and between 44th Street and 45th Street, has 200 feet of frontage on 10th Avenue and includes both […]

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China’s trade data came in better than expected in December, but it does not alter the expectation that the Yuan will face mounting depreciation pressures in the coming years. The Chinese currency might depreciate around 5% this year, according to a research report by UBS AG. China’s December exports and imports both came in stronger […]

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The Hong Kong government plans to set aside HK$5 billion (US$644 million) to promote innovation and technology, in another major push to establish the city as a center of innovation in the region. The initiative aims to invest in innovative technologies that help upgrade everyday life in aspects including communication, transportation, healthcare, education, the environment, […]

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China produced 109 million outbound tourists in 2015, with total retail spending of US$229 billion, a key milestone in China’s outbound tourism history, says German market research firm GfK. The data consolidate China’s position as one of the top global sources of tourists, in terms of both number of trips and money spent during international […]

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