International

U.S. Banks Are Terrified of Chinese Payment Apps

If mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone […]

International

China’s Looming Crisis: A Shrinking Population

Chinese academics recently delivered a stark warning to the country’s leaders: China is facing its most precipitous decline in population in decades, setting the stage for potential demographic, economic and even political crises in the […]

International

Debt, Not Trade War, Is China’s Biggest Problem

But there are some unofficial estimates. Like one from the Institute of International Finance (IIF) last week, which place China’s debt to GDP at 300%! https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#57963344c4d0

International

VIDEO: The village that changed China forever

Forty years ago, 18 residents from poverty-stricken Xiaogang village risked their lives to secretly sign a contract to divide the communally owned farmland into family plots, forever transforming China’s rural economy. However, mainly relying on […]

International

China is crushing Europe’s electric car dreams

Hong Kong (CNN Business)Europe gave the world some of its top automakers, but it’s losing out to China in the race to define the industry’s future. https://www.cnn.com/2018/10/30/business/europe-lithium-electric-batteries/index.html