Yan Bingzhu,former top executive in the state-owned bank,is suspected of “seriously violating discipline and the law”.
This week we’ll have a clearer idea of whether Xi Jinping has a plan to deal with the myriad economic problems facing the country.
Chinese President Xi Jinping’s security crackdown has been paired with an ideological campaign to bring the People’s Republic back to its socialist roots ahead of the National People’s Congress.
Xi Jinping’s consolidation of power has cleared the path for him to put the economy on a more sustainable footing. But there’s a big problem.
Country Garden’s debt crisis is entering a new chapter after a creditor filed a winding-up court petition in Hong Kong that adds pressure on the Chinese developer to quicken its restructuring efforts.
China’s problems are mounting. And it is ramping up efforts to fix its biggest one.
With their frustrations piling up,Chinese investors recently found a way to vent that wouldn’t be quickly censored.
The founder of Chinese electric car titan BYD Wang Chuanfu made two risky bets in the company’s infancy. They have paid off.
The West should be more worried about how Xi Jinping reacts to his country sinking into an economic mire. It’s time to prepare for a new cold war.
China’s plan to dominate the electric car industry is part of a long-term strategy. But it’s creating problems for Beijing and the rest of the world.
Former premier Wen Jiabao famously described China’s economy in 2007 as “unstable,unbalanced,uncoordinated and unsustainable”. It is in even worse trouble now.