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Monthly Archives: June 2015

The Chinese Ride-Hailing Startup That’s Out-Ubering Uber – Wired

June 30, 2015
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Wired The Chinese Ride-Hailing Startup That’s Out-Ubering UberWiredOne of tech’s fiercest rivalries is shaping up in China right now, but the leading contender isn’t a familiar name in the US. Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country—or more precisely …Uber Makes Big Push...

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The Perils of China’s Faith-Based Stock Investing – Wall Street Journal

June 30, 2015
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Wall Street Journal The Perils of China’s Faith-Based Stock InvestingWall Street JournalSuch attitudes are commonplace across China, and they’ve helped to boost the valuation of the combined Shanghai and Shenzhen stock exchanges to more than 100% of national GDP from about one-third less than a year ago. Almost a quarter of a century …China’s Stocks...

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Chinese Stocks Fall Into a Bear Market – New York Times

June 29, 2015
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New York Times Chinese Stocks Fall Into a Bear MarketNew York TimesHONG KONG — Like a growing number of other investors, Wang Jiacang, a 48-year-old driver in Beijing, is caught in the falling Chinese stock market with no easy exit. China’s rules halt trading in a company’s shares when they drop 10 percent, and...

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China stocks crash into bear territory as margin calls bite – Fortune

June 29, 2015
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Fortune China stocks crash into bear territory as margin calls biteFortuneHope lasted for about eight minutes in China’s stock markets Monday. Hope from tens of millions of small investors that the country’s policy makers would stave off a traditional bear market. Hope from investors who have taken out record loans over the …A Shortage...

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China’s economy – The Economist (blog)

June 28, 2015
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The Economist (blog) China’s economyThe Economist (blog)CHINESE investors jokingly call the central bank “central mama”. They thanked her for dispensing a bit of love over the weekend by trimming interest rates and reducing some lenders’ required reserves. The rate cut, her fourth since November, took one …China Rate Cut Hacks a Perilous PathWall Street...

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Techies Are Trying to Get Chinese Consumers to Rack Up Debt – Wired

June 27, 2015
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Wired Techies Are Trying to Get Chinese Consumers to Rack Up DebtWiredOne major drain on the American economy is the glut of consumer debt. In China, it’s the opposite. The Chinese are notoriously savvy savers, with a gross national savings rate of about 51 percent, according to the World Bank. In the US, it...

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