China (which grew by 7.7% in 4Q13) wants to pursue a very different strategy in 2014, setting “reasonable growth” as its macroeconomic goal, meaning by that a rate that will support the country’s economic restructuring and upgrading. But such a technical description fails to meet society’s real needs and achievements, and so new alternative models are booming.
COMMENTS ON ASIA-PACIFIC By Ray Kwong | Depending on who you talk to, China became the world’s biggest trader in goods for the first time last year, edging out the U.S. estimated 2013 total by about US$250 billion.
BEIJING | By Caixin staff | Change is in the air and certain moves in China – involving the tax system and oversight of officials – can be made now to get the Year of Horse off to a fast start
BEIJING | By Yang Lu at Caixin | In China, nervous businessmen spent final hours of 2013 waiting outside regulator’s offices for word they’d be among the lucky few to IPO approval.
BEIJING | By Andy Xie via Caixin | The world has depended on Chinese and American stimulus for years, and one implication of their tightening is a slowing global economy in 2014
BEIJING|Lan Fang and Li Yan at Caixin| Massive population remains China’s basic national condition, but structural problems of the population are daily becoming increasingly important factors affecting the development of the economy and society. The party just eased the one-child policy, but scholars and members of the public say progress should have been made years ago.
BEIJING | By Yang Kaisheng via Caixin | When it comes to banking in China, private investors have long been owners of financial institutions, so understanding what exactly changes will be key to the new policy’s success.
BEIJING | By Qin Min at Caixin | U.S. tech giant Apple and Chinese telecoms company have been at loggerheads since the first iPhone launched, but there are signs they are inching toward a deal.
MADRID | As part of its strategy to increase its presence in China, the Spanish lender Banco Santander will buy an 8 percent stake in Bank of Shanghai for 470 million euros. The deal includes a cooperation agreement between both entities and makes Santander the second-largest shareholder in BoS.