Steel industry growth plan targets industrial value added, producer profit margins

Beijing is restructuring the way it allocates transfer payments to local governments. Some background: China's local governments collects about half of all tax revenue, but are responsible for about 80% of expenditures. They make up the shortfall with funds transferred… Read More »

On March 26, Volkswagen China announced that its Škoda brand will shut down production and sales operations in China in the second half of the year. Aftersales services will continue. Škoda joins a growing list of legacy auto joint ventures… Read More »

One of China’s “Big Six” state-owned banks said there are tentative signs that housing demand is recovering. At its annual earnings call, Bank of Communications (BoCom) said new mortgage applications – a timely indicator for housing activity – were roughly… Read More »