The emergence of China as an economic superpower |
China Economic Reform Archives
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Nov28
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Nov28
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According to the International Monetary Fund’s estimates, more than 75% of China’s industries are currently overcapacity, and that fixed asset investments in key sectors such as steel, automobiles, cement, aluminum, and real estate, have been experiencing overinvestment accounting for 40-50%...
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Nov24
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Xugong, a leading Chinese construction machinery manufacturer, sold its 50 percent stake to Carlyle Group, a private equity firm from the United States. The deal was approved by the Xuzhou city government this month.The Carlyle deal has sparked off a...
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Nov 6
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Uganda was one of the delegates from nearly fifty African nations that attended the Beijing summit in China. Museveni, the President of Uganda, called for more investments in his country. He said that Uganda was an ideal place to do...
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Nov 3
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Last Friday, Zhang Enzhao, the former chairman of China Construction Bank, was sentenced for 15 years of prison in Beijing. His lawyer said Zhang faced 19 counts of taking cash and property in exchange for assisting firms to obtain loans...
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Oct26
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Mr. Qiu Xiaohua, the head of China’s National Statistics Bureau, was dismissed from his current post and was put under house arrest by investigators last week. Qiu was charged for being involved in the Shanghai's pension fund corruption case that...
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