China Economic Review - Alpha http://www.chinaeconomicreview.com/rss/cer-alpha en copyright 2017 chinaeconomicreview.com China shadow banking crackdown causes cash crunch http://www.chinaeconomicreview.com/china-shadow-banking-crackdown-causes-cash-crunch <p>China's financial system suffered a cash crunch last week as new regulations designed to curb&nbsp;shadow banking&nbsp;caused big lenders to hoard funds, highlighting the danger of unintended consequences from official moves to lower their debt, according to the <a href="https://www.ft.com/content/12775bf6-0f90-11e7-b030-768954394623"><em>Financial Times</em></a>.&nbsp; Analysts have warned of rising risks from banks' increased reliance on volatile short-term funding rather than customer deposits to fund loans and other investments. Thu, 01 Jan 1970 08:00:00 CST PBOC chief calls for greater use of fiscal policy http://www.chinaeconomicreview.com/pboc-chief-calls-greater-use-fiscal-policy <p>China central bank chief Zhou Xiaochuan on Sunday called for greater use of fiscal policy to grapple with domestic growth and structural problems. &nbsp;Monetary policy, he said, could be left to handle reflation, prevent an outbreak of financial risks and counter the spillover ­effects of an interest rate upcycle across the Pacific, the <a href="http://www.scmp.com/news/china/policies-politics/article/2082300/chinas-central-bank-chief-sees-end-monetary-road"><em>South China Morning Post</em></a> reports. Thu, 01 Jan 1970 08:00:00 CST ICBC: Trump may open doors in Mexico for China http://www.chinaeconomicreview.com/icbc-trump-may-open-doors-mexico-china <p>Trump's push to force US industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial&nbsp;Bank&nbsp;of China (ICBC), the country's largest lender, said on Friday. Fears of a hit to foreign investment ran high when Ford Motor canceled a $1.6 billion plant in Mexico's in January. Trump hailed the decision as a major victory, although Ford put it down to declining demand for small cars. Thu, 01 Jan 1970 08:00:00 CST HNA buys $446mn stake in Old Mutual http://www.chinaeconomicreview.com/hna-buys-446mn-stake-old-mutual <p>Chinese conglomerate&nbsp;HNA Group&nbsp;agreed to buy a 25% stake in&nbsp;Old Mutual's US asset management unit for about $446 million, adding to a $30 billion spending spree since last year, <a href="https://www.bloomberg.com/news/articles/2017-03-26/china-s-hna-buys-446-million-stake-in-old-mutual-s-u-s-unit"><em>Bloomberg</em></a> reports. Old Mutual is selling down its holdings in&nbsp;OM Asset Management&nbsp;to HNA Group in two tranches, according to an emailed statement on Sunday from the London-based company. Thu, 01 Jan 1970 08:00:00 CST Apple wins IP ruling appeal in Beijing http://www.chinaeconomicreview.com/apple-wins-ip-ruling-appeal-beijing <p>A Chinese court has overturned a ruling against&nbsp;Apple over iPhone patents, a win for the tech giant in one of its toughest markets. The Beijing IP Court ruled the iPhone 6 and iPhone 6 Plus don't infringe on patents for exterior smartphone design held by a defunct local manufacturer, Shenzhen Baili Marketing Services, <a href="https://www.wsj.com/articles/apple-bites-back-with-iphone-court-win-in-china-1490518299"><em>The Wall Street Journal</em></a> reports. Thu, 01 Jan 1970 08:00:00 CST