China has long been aware of the high environment cost of its recent industrialisation. Whether it has done enough to mitigate the damage is another question. (continue reading…)
Shanghai’s new Free Trade Zone has attracted a lot of media attention as many see it as laboratory for reforms that could one day be implemented nationwide.
Some 25 companies have so far been given the green light to start operations including 11 financial institutions, most of which are domestic banks. (continue reading…)
Five years after China’s high-speed rail system opened, it is carrying nearly twice as many passengers each month as the country’s domestic airline industry.
And far from being a white elephant, the high-speed train is helping transform China into a modern, more productive economy. (continue reading…)
EngagingChina has always hoped that China would one day realise that its policy of aggressively stimulating its export-led economy would end in tears if pursued indefinitely. It looks like that day has arrived. (continue reading…)
Could this be a trend? US construction equipment giant Caterpillar became the latest western manufacturer to report disappointment in China as demand for capital equipment slows.
United Technologies recently posted a drop in Chinese orders while 3M forecast below-trend growth. (continue reading…)