FINANCE & ECONOMICS

Joseph Stiglitz: Inequality an Equal Concern for China, U.S.
Both countries pay a price for their wealth gaps, the Nobel-winning economist says, something that should worry Chinese and American policymakers alike
Wang Liwei 04.01.2014

Closer Look: The Best Kind of Gov't Intervention

For China's workers to become more productive, the county must make a huge investment in the basic education of children in its central and western regions

04.18.2014
Shiller: What We Can Learn from Past Crises

Shiller: What We Can Learn from Past Crises

Nobel-winning economist compares the U.S. and Chinese housing markets, and what lessons history has for rising local government debt

04.18.2014

Minsheng Chairman Said to Hope New Company Builds Financial, Industrial Empire

Dong Wenbiao's firm has founder of game developer Giant Interactive as executive and as much as 50 billion yuan in registered capital

04.18.2014
P2P Lenders Heading into Dangerous Waters, Critics Say

P2P Lenders Heading into Dangerous Waters, Critics Say

Concern grows as peer-to-peer loan companies said to be acting like banks and working too closely with small-loan companies

04.18.2014
Gov't Reminds Third-party Payment Services to Follow the Rules

Gov't Reminds Third-party Payment Services to Follow the Rules

Regulators mainly reiterating rules set down earlier because certain companies not following them, source says

04.17.2014

Citic Pacific to Buy Parent Company's Assets for 226.9 Bln Yuan

Move takes reform of country's biggest state-owned financial and industrial conglomerate one step further

04.17.2014
Baidu Launches Third-Party Payment Offering to Compete with Tenpay, Alipay

Baidu Launches Third-Party Payment Offering to Compete with Tenpay, Alipay

Search giant's Baidu Wallet will focus on transactions completed on mobile devices and be embedded in Baidu's other apps

04.16.2014

Closer Look: Signs China's Economy Transforming Linger behind Latest GDP Figure

While the 7.4 percent number gets the attention, it is worth noting that the services sector grew even stronger in Q1

04.16.2014
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