Showing 1 - 3 of 3
China needs to resolve its underlying data discrepancy
News, Christopher Balding, Published on 24/09/2018
» China's economic data, never easy to track in the best of times, has become almost indecipherable in 2018. While the headline numbers on GDP growth, retail sales and debt tell reassuring stories that (unsurprisingly) match government objectives, the underlying statistics paint a very different picture. What does this tell us about the state of the economy?
Chinese companies can stand a lot more sunlight
News, Christopher Balding, Published on 04/07/2017
» For all their national pride and natural boosterism, Chinese officials don't seem to think much of their own companies. Regulators have sought to limit everything from high-speed trading to short-selling, arguing Chinese firms can't yet handle the vagaries of modern financial markets. They're particularly leery of greater transparency, for fear of what might be exposed. Only last week, the China Banking Regulatory Commission (CBRC) was accused of secretly tipping off key banks to dump bonds of companies that were under investigation.
Alibaba may well have met its match in America
News, Christopher Balding, Published on 20/06/2017
» Alibaba Group Holding Ltd, already the largest Chinese firm by market capitalisation, is nothing if not ambitious. Its chief financial officer, Maggie Wu, recently told investors she expects revenue to rise by up to 49% next year, a staggering prospect. But perhaps more staggering is how Alibaba hopes to get there: In part, by tapping the US market.