Chinese government is taking a more centralized approach in developing the country's renewable and clean energy sector. It is focusing on higher utilization as a priority, in addition to increasing power generation capacities, according to Fitch Ratings. China will increase investments in its power grid to enable the deployment of clean energy. State Grid Corporation […]

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The credit environment for Chinese small developers is rapidly deteriorating. The default of Chinese developer Zhejiang Xingrun Real Estate Co. may signal difficult times ahead for small developers in China, says Standard & Poor's Ratings Services. Zhejiang Xingrun does not have enough cash to repay RMB3.5 billion ($567 million) in debt from more than 15 […]

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The decision to save a troubled business should hinge purely on systemic reasons. China’s defaults are necessary but require careful handling

Bank of America Merrill Lynch has cut China's GDP growth in 2014 to an annual rate of 7.2% from its previous forecast of 7.6%, according to a report released by the bank. The cut came after weak economic data witnessed during the first two months of the year. The bank also cut first quarter growth […]

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In this episode of China Money Podcast, our host Nina Xiang talks to reporter Viola Zhou, about Tesla Motor's China expansion and the challenges the innovative American company is likely to face in the world's largest automobile market. You can read Viola Zhou's investigative story here, or listen to the audio podcast. Be sure to […]

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Chinese private equity firm CITIC Capital has agreed to commit HK$1.16 billion ($150 million) to the initial public offering of Harbin Bank, according to media reports. Harbin, Heilongjing province-based Harbin Bank plans to sell 3.02 billion shares at a maximum price of HK$3.33 apiece, raising around $1 billion. The bank originally planned to list on […]

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Pacific Fleet commander hits out at maritime disputes but senior Chinese military official dismisses claim Beijing is responsible for escalating tensions

An argument now widely heard is that Ukraine would not be in the trouble it is in had it retained its substantial stockpile of nuclear weapons at the end of the Cold War. Given its dangerous policy implications, this is an argument that must not go unc…

When world leaders convene at this month's Nuclear Security Summit, they should take seriously the risk of nuclear terrorism. With nearly 2,000 metric tons of plutonium and highly enriched uranium spread across 25 countries, the establishment of a glob…

Russian propaganda is branding Ukraine's new government as neo-Nazi by raising the specter of the country's historic anti-Semitism. But the implied argument that Russia is refighting WWII, and once again rescuing Jews from nationalist pogromists, is si…

Russia’s intervention in Ukraine is wrongly seen as the start of Cold War II. But, while the fallout from Vladimir Putin’s defiance of international law will be very different from that of the Soviet Union’s long campaign to defeat capitalism, the geopolitical effects are certain to be just as far-reaching, if not more so.

Beijing-based mobile social gaming company FunPlus Game has raised $74 million in series B funding, according to Chinese media reports. Orchid Asia Group led the round. Steamboat Ventures and existing investor GSR Ventures also participated. FunPlus previously received $12 million series A funding from GSR Ventures. The company says it will use the proceeds to […]

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Amcham survey shows China revenues at US companies under pressure as frustrations mount over everything from government probes to internet censorship

Background checks on the 154 Chinese citizens on board the missing airliner have not turned up any evidence of involvement in a hijack attempt

When 35-year-old Eric Zhu deliberated which car his family should upgrade to, Tesla Motors didn't stay long in the race. Zhu, who works as a senior manager at a Western industrial firm in Beijing, is drawn by Tesla's 100% electric power and zero emissions. As a father of a two-year-old boy, Zhu is willing to […]

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Shanghai-based state-controlled property developer Greenland Holding Group Co. plans to list on the Shanghai Stock Exchange through an asset swap with Shanghai-based real estate company Jinfeng Investments, according to media reports. Greenland and Jinfeng are both controlled by Shanghai Real Estate Group, which is owned by the Assets Supervision and Administration Commission of the Shanghai […]

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Deal on pricing of a key component in solar panels resolves another trade battle between Europe and Beijing ahead of a Brussels visit by Xi Jinping