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China Can’t Solve its Economic Woes through Stimulus

China Can’t Solve its Economic Woes through Stimulus

In 2015, the Chinese economy saw its slowest annual growth in 25 years. The New Year hasn’t been very promising. In January, exports fell by 11.2 percent while imports fell by 18.8 percent compared to last year. China is also seeing rampant factory closures, mergers and relocations. The country continues to suffer from massive income […]

China’s Income Inequality is One of the World’s Worst

China’s Income Inequality is One of the World’s Worst

China’s income inequality is among the worst in the world, according to a new study by Peking University. According to the report, China’s richest 1 percent owns about one third of the country’s wealth, while the poorest 25 percent own 1 percent of the country’s wealth. The data is part of the university’s Institute of […]

China Lands Plane on Spratlys Island in Disputed South China Sea

China Lands Plane on Spratlys Island in Disputed South China Sea

For the first time, China has landed a plane on a runway on one of its artificial islands in the disputed South China Sea. The plane landed on Jan. 2 on a runway at the Fiery Cross Reef. Foreign ministry spokeswoman Hua Chunying confirmed during the weekend that a civilian plane had landed on the […]

Taiwan’s Independence-Leaning Party Dominating the Polls

Taiwan’s Independence-Leaning Party Dominating the Polls

The leader of Taiwan’s independence-leaning Democratic Progressive Party (DDP) dominated Tuesday’s final poll ahead of the Jan.16 presidential election. Taiwan’s Cross-Strait Policy Association Poll showed Tsai Ing-wen won the support from 45.2 percent of 1,052 people surveyed. Her main opponent Eric Chu, chairman and candidate for the Nationalists KMT party, received 16.3 percent. These figures […]

Giant, Gold Statue of Mao Appears on Chinese Countryside

Giant, Gold Statue of Mao Appears on Chinese Countryside

A giant statue of Communist leader Mao Zedong has been erected at the same Chinese province where his policies led to famine in the 1950s. The 37-metre-high statue is painted gold and it sits on farmland in Tongxu county, Henan Province. The project was made possible by local businessmen who paid nearly 3 million Yuan […]

China to Top the U.S. in Air-Travel Market Share by 2029

China to Top the U.S. in Air-Travel Market Share by 2029

China is set to soar for the No. 1 spot in the world’s largest air-travel markets by 2029, according to a recent report by the International Air Transport Association. The institute expects Chinese airlines to see 758 million new passengers in the next two decades bringing their total numbers up to 1.196 billion by 2034. […]

Xi’s Power Struggle Could Prove Disastrous for China

Xi’s Power Struggle Could Prove Disastrous for China

In the last two years of his presidency, Xi Jinping has unleashed onto China the biggest anti-corruption campaign in Communist Party history and the most intense crackdown on free speech in decades. Now, new disciplinary rules are aiming to crush internal dissent within the party. These rules already have led to the firing of a […]

2015 Proves Dismal for Chinese Economy and New Normal Policy

2015 Proves Dismal for Chinese Economy and New Normal Policy

2015 has not been a very bright year for China’s economy and many analysts are pointing the finger at government intervention, which has included a crackdown on some of China’s biggest business leaders. The purge, which some are calling a witch hunt, was sparked by last summer’s stock-market meltdown. Among the targets were some of […]

China will Top the U.S. as World’s Largest Economy by 2031, Report Says

China will Top the U.S. as World’s Largest Economy by 2031, Report Says

The United States is expected to lose its spot as the world’s top economy to China by 2031, according to a new report by the U.K.-based Centre for Economics and Business Research. At the time, the CEBR expects China to rule the world economy with a GDP of $35.26 trillion, while the U.S. stands at […]

China’s Rail System to See Major Push in 2016

China’s Rail System to See Major Push in 2016

  As the Chinese economy continues to grow, many experts consider Fixed Asset Investment to be a leading driver. Rail FAI, in particular, is projected to bring big profits for China’s railroad infrastructure and equipment makers. 2016 will kick off China’s 13th Five Year Plan, which emphasizes urban rail transit and public-private partnerships. Urban rail […]

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