China Economic Review - Alpha en copyright 2016 China chases foreign investment in One Belt, One Road <p>Beijing is encouraging foreign companies to co-invest with Chinese contractors in third countries, a strategy that could help keep manufacturing jobs and investment in China even as its own economic growth slows, the <a href=""><em>Financial Times</em></a> reports. Chinese initiatives to promote rail, power and dam investments in third countries could give a new life to western-backed factories originally designed to supply China’s vast internal market. Thu, 01 Jan 1970 08:00:00 CST Alibaba in US SEC accounting probe <p>Federal regulators are investigating the accounting practices of Alibaba Group Holding Ltd., the e-commerce giant whose blockbuster U.S. stock-market debut helped win a wide following for Chinese tech firms. Thu, 01 Jan 1970 08:00:00 CST China construction equipment makers ramp up competition <p>According to the <a href=""><em>Financial Times</em></a>, China’s construction equipment makers are ramping up the competition against global leaders such as Caterpillar, Komatsu and Deere and appear set to discount products to build market share, a new study has found. Thu, 01 Jan 1970 08:00:00 CST Hong Kong Stock Exchange to launch RMB benchmark index <p>Hong Kong’s stock exchange wants to create a benchmark index for the yuan to try to spur offshore trading of the Chinese currency, which has suffered setbacks as China slowly liberalizes the flow of money in and out of the mainland, reports <a href=""><em>The Wall Street Journal</em></a>. Thu, 01 Jan 1970 08:00:00 CST China to reduce direct coal combustion in smog struggle <p>China will reduce the amount of coal burned directly in industrial furnaces and residential heating systems in order to tackle a major source of smog, the country's energy regulator said on Wednesday. <a href=""><em>Reuters</em></a> reports the National Energy Administration (NEA) said in a joint announcement with other government bodies that around 700 million to 800 million tonnes of coal is burned directly in China every year, much of it in the countryside, where access to electricity is limited. Thu, 01 Jan 1970 08:00:00 CST