How China’s Huawei is taking on Samsung and Apple

Written by Mark Skilton. Chinese telecoms giant Huawei posted an eye-popping 70% growth in 2015. It is now beating HTC and Sony when it comes to market share in Europe and is third only to Apple and Samsung when it comes to global smartphone sales. Huawei’s growth is another indication of how Chinese companies are …

China’s currency plan still on track, despite global market volatility

Written by Kathleen Walsh. The recent equity market volatility in China is unlikely to derail plans for the internationalisation of the Renminbi (RMB). Why? Because China is too far down the track, most of the changes needed are for domestic reasons and the market “hiccups” are merely a sign of a new stock market finding …

Capitalism with Chinese characteristics

Written by Mark Beeson. Capitalism is, as the Marxists used to say, full of contradictions. It may well be the greatest wealth-generating machine ever invented. But it is famously volatile, unpredictable and prone to cyclical booms and busts – just ask West Australian Premier Colin Barnett. But while political leaders in countries like Australia may …

China’s stock market is in for a turbulent 2016

Written by Michele Geraci. The Shanghai stock market has had a rough start to the New Year. Bourses are down and trading was halted on its opening day after the market plunged, triggering the new circuit-breaker mechanism designed to limit volatility. It looks as though 2016 will be no less turbulent for China’s stock market …

Can the EU challenge China’s proactive role in Africa?

Written by Toni Haastrup. When Chinese premier Xi Jinping unveiled some US$60 billion in deals at the recent China-Africa summit he underscored just how robust Beijing’s relationship with the continent has become. The impression from the media is that China is becoming the main external actor in Africa, and may even now be dominant. However, …

IMF embraces the redback, but China reforms must go on

Written by Hui Feng. The Executive Board of the International Monetary Fund (IMF) has decided to include the renminbi (RMB) in its basket of reserve currencies. The RMB, or yuan, has joined the US dollar, euro, British pound and Japanese yen to become the fifth member of the basket used to value the Fund’s own …

China flags 6.5% growth rate, but needs real financial reform to get there

Written by He Weiping. Overnight, Chinese President Xi Jinping gave the strongest indication yet the country will revise down its economic growth goal to 6.5%. The official target will not be known until China releases its highly anticipated 13th five-year plan in March next year, but play has already been made on the idea of …

Six reasons why China’s economy is weaker than you think

Written by Geoffrey M. Hodgson. The UK has rolled out the red carpet for Chinese president Xi Jinping on his five-day official visit. He is being given the royal treatment, including a stay at Buckingham Palace, a ride in a state carriage along The Mall and several banquets. The trip will also include plenty of time …

Britain sells out on human rights for Chinese investment

Written by Rosa Freedman. China’s president, Xi Jinping, has arrived in the UK on an official state visit and it seems that he will largely be welcomed in most quarters. Indeed, the British Conservative government’s approach to China seems to reflect its lack of concern for human rights both at home and abroad. President Xi is …

China’s slowdown is a sign of middle-class gains, not a reason for panic

Written by Peter Hilsenrath. It’s too easy to think China’s economy is in a downward spiral, given recent headlines in the US press, from “China’s Middle-Class Dreams in Peril” to “Is China Really Collapsing?” The world has been awash with such pessimism. And fumbled reactions by China’s leaders to disasters, excessive financial speculation and other …