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Earlier this week Standard and Poor’s released a headline-grabbing report on global corporate borrowing. The report estimates that there will be $53 trillion in new corporate borrowing between now and 2017. Of that $53 trillion, Chinese corporations will account for a whopping $17.6 trillion, 33 percent of the total. When you dig into the details you [...]
Private investors continue to lead the state despite slower growth In the midst of the noise surrounding financing for private companies and state-led stimulus to combat weaker growth this year, it may come as somewhat of a shock that investment by private companies is a major driver of the current recovery in fixed investment growth [...]
Gas prices in China are a window into an increasingly contested reform process where organized groups are becoming more adept at defending their interests. The benchmark price for both crude and refined oil is set by the National Development and Reform Commission (NDRC), China’s top economic policymaking body. Severely underpriced in the 1980s, the price of gas [...]