Oil price falls not trickling down to Asian consumers
Asia is the world's largest importer of crude oil. For years, as global oil prices rose, countries in the region shielded consumers and businesses through a complex and costly web of fuel subsidies.Now...
View ArticleAvon Products settles bribery charges
The world's largest direct seller of cosmetics, Avon will pay $US135 million ($A146.06 million) to settle criminal and civil charges after its China unit pleaded guilty to conspiring to bribe officials...
View ArticleRural China’s economic model limps on
EconomyChinaGraeme SmithEast Asia Forum‘Benghai’ was changing. Returning to my old office, my home for ten years of fieldwork in rural China, it was clear something was amiss. Gone was the grizzled...
View ArticleChina property prices continue fall
The average price of new homes in 70 Chinese cities continued to fall in November, signalling the decline in home prices hasn’t run its course.But on a month-over-month basis, average home prices fell...
View ArticleGovernment relaxes Chinese visa rules
Australia is set to simplify the process for visa applications for Chinese tourists as the first round of applicants trial a new pilot program this month.The online visa application trial, which...
View ArticleThe history of the new Chinese empire
EconomyChinaJulian SnelderLowy InterpreterAn ambitious Chinese initiative to build a series of strategic maritime distribution centres, west to Africa and beyond, has been revealed. This is an...
View ArticleChina warms to a more flexible yuan
After years of allowing nearly uninterrupted gains in the yuan, China is growing more willing to let it depreciate modestly while seeking to add flexibility to its trading, according to Chinese...
View ArticleHainan Airlines to broaden global reach
China’s Hainan Airlines Co. may add as many as nine international destinations next year as the carrier seeks to broaden its global reach, said people familiar with the matter.The Haikou-based airline...
View ArticleFrom Russia, Geely feels no love
It’s a bad time to be a car maker in China. It’s worse if you’re a Chinese domestic brand rapidly losing market share. But you probably have it worst if you’re a Chinese domestic brand whose biggest...
View ArticleChina business digest
EconomyChinaStaff ReporterMajor banks reduce exposure to industries suffering from oversupplyTwenty-one major banks have reduced the amount of credit they have lent to firms operating in industries...
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China could deliver a double blow to Australian exports
EconomyAustralian NewsCallam PickeringOf the many global economic and financial trends, few are more important to Australia’s long-term prosperity than the rebalancing of Chinese economic growth away...
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China, Australia and the future of climate change
EconomyChinaFergus GreenThe conclusion earlier this week of another round of international climate change negotiations -- this year held in Lima -- marked the end of a highly-charged month of climate...
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A letter to our readers
EconomyChinaPeter CaiDear readers,As 2014 draws to a close, I want to take this opportunity to thank you for your patronage and support this year. It’s been an exciting year for the Australia-China...
View ArticleChina's Shandong won't bail out local govts
China's eastern province of Shandong, grappling with mounting financial risks arising from local government borrowings, said it won't bail out city or county governments that run into financial trouble...
View ArticleHK finds no evidence of forex rigging
Hong Kong's de facto central bank on Friday said it found no evidence of collusion among banks in rigging benchmarks in the $US5.3-trillion-a-day foreign-exchange market. The Hong Kong Monetary...
View ArticleUmbrella ban as Xi lands in Macau
President Xi Jinping has visited a drizzly Macau for the 15th anniversary of the gambling hub's return to Chinese rule, with onlookers barred from using umbrellas - the emblem of democracy protests in...
View ArticleLing Jihua placed under investigation
One of China's most senior communist party officials has been put under investigation, signalling an escalation of the party’s widespread crackdown on corruption.Ling Jihua, chairman of the political...
View ArticleChina's year in review: part one
EconomyChinaPeter CaiAs 2014 draws to a close, it is time to look back at the important events that have shaped China. In many ways it was a momentous year: it was year zero after the Chinese Communist...
View ArticleChinese mall developer makes Hong Kong trading debut
Chinese shopping mall developer Dalian Wanda Commercial Properties has made its trading debut in Hong Kong after raising $US3.7 billion ($4bn) in a record-breaking initial public offering.Shares in the...
View ArticleWhy Beijing shouldn't fear the festive season
EconomyChinaJohn LeeAlthough never officially a Christian country, Christmas has become a festive time for hundreds of millions of Chinese citizens. In this respect, the country has come a long way...
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