Given the scale of the threat posed by the Islamic State to Iraq and the Middle East, focusing on the implications of US policy is understandable. But whether the current crisis will have a happy ending – or even a tolerable one – depends far more on what the region’s players decide to do.

Falling prices mask worse slowdown than official statistics suggest

China's HSBC flash manufacturing purchasing managers index (PMI) improved to 49.6 in June, up from a final reading of 49.2 in May and above market consensus of 49.5. "While we still need hard activity data such as industrial production to get a firmer view of activity growth, we believe sequential growth in June has likely […]

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Dutch pension asset manager APG Asset Management N.V. and Canadian real estate company Ivanhoe Cambridge have led a US$920 million investment in Chinese real estate firm Chongbang Holdings (International) Limited, according to an announcement. No other details of the transaction were disclosed. Singapore's GIC is an existing shareholder of Shanghai-based Chongbang, which owns and operates […]

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Alibaba Group Holding Limited and Ant Financial Services Group plan to each invest RMB3 billion (US$483.3 million) and other resources to set up a joint venture aimed at capturing opportunities within China’s local services market, with an initial focus on the food and beverage segment, according to a company announcement. The joint venture, named Koubei, […]

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Taiwanese electronics contract manufacturing company Foxconn Technology Group has teamed up with Japan's SoftBank Corp. and Indian business conglomerate Bharti Enterprises Limited to launch a joint venture to promote clean energy in India, according to an announcement. The three companies will invest in SBG Cleantech Limited, which will be a harbinger of solar and wind […]

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Global private equity giant KKR & Co. L.P. has made a strategic investment into NASDAQ-listed Chinese professional education firm, Tarena International, Inc., according to a company announcement. Details of the investment were not disclosed, but a securities filing reveals that KKR owns an aggregate of over 23 million shares of Tarena. As part of the […]

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At a time when the emergence of large, densely populated economic powerhouses like Brazil, China, India, and Indonesia is challenging Western dominance, many believe that the current international system is due for an upgrade. But what will replace bod…

With heat bearing down on their necks in China from local competitors Huawei and ZTE, Cisco has decided to invest more into their China operations. The U.S.-based company plans to invest over USD10 billion in China over the next few years to support local innovation with a series of strategic measures. Cisco made this promise […]

Comedy shows how Chinese Americans are asking where they fit in the world