Imagine trusting your life savings to a group of strangers you know only via WhatsApp. Some affluent Chinese people are willing to make that gamble to get part of their wealth out of the mainland.
Cash is out of favour on China’s shopping strips where convenient home-grown payment systems are helping sanction-proof the economy.
Xi Jinping may have reached a sobering conclusion - he picked a fight with the West that he wasn’t ready for.
While the IMF has lifted its forecasts for China’s economic growth this year,it has painted a very different picture for the second half of the decade.
Inside the information war being waged in Hong Kong,and the rewriting of history in real time.
China has announced spending that will make its budget deficit the largest in 30 years. It’s the biggest attempt yet to lift a weak growth rate that is threatening Xi Jinping’s long-term ambitions.
The latest victim of President Xi Jinping’s high-profile purges becomes the country’s shortest-serving defence minister.
The International Energy Agency predicts peak demand for oil,gas and coal within this decade. It would be grim news for major fossil fuel exporters like Australia.
China’s economy is showing modest momentum,but the baggage it will carry into next year and beyond threatens to thwart its ambition of toppling the US as the world’s largest economy.
Xi Jinping’s plan for global mastery of artificial intelligence and supercomputing is about to collide with the hard reality of American power as the US escalates its semiconductor war against China.
Country Garden,China’s largest property developer with four times as many projects under way as embattled Evergrande,faces its moment of reckoning this week.