State-owned enterprise

China's pro-market reforms must not be on paper only

Illustration: Craig Stephens

The government's Central Economic Work Conference last weekend emphasised quality over quantity for China's future development. It is a laudable objective. But, unless the government is revamped, it will be hard to accomplish.

Friday, 8 May, 2015, 9:46am

Not-so-lucky Shanghai Mobile user in battle over reclaimed 888 number

This screenshots made by Chang shows numbers sold at 50 yuan on Shanghai Mobile's online store.

Many Chinese like to believe having 8s and 6s in their phone numbers will guarantee good luck, but for a Shanghai Mobile customer, triple 8s have brought him nothing but trouble.

13 Dec 2012 - 4:18pm

Premier Wen's rule overshadowed by predecessor Zhu's bold reforms

Illustration: Adolfo Arranz

While former premier Zhu Rongji is credited with introducing bold measures that set the mainland's financial system on the path of reform, his successor Wen Jiabao may be remembered more for his eloquent speeches than strong action when he steps down from his position early next year.

1 Oct 2012 - 1:53pm

China faces another 'triangular debt' dilemma, but this one harder to solve

Mannequins displaying fashion dresses for sale get shade from umbrellas at a shop along a Hutong alley in Beijing Monday, Sept. 3, 2012. China's manufacturing decelerated further in August while construction and services grew at a slow rate, according to two surveys Monday, adding to conflicting signals about whether the country's slowdown is bottoming out. AP Photo/Andy Wong

The last time "triangular debt" weighed on economic growth in China the political cycle was more conveniently aligned than now. The then premier, Zhu Rongji, was not constrained by an imminent leadership change from making bold moves to address it.

8 May 2015 - 9:46am

SOE profits slide but ray of hope in private sector

Source: Bloomberg

The poor performance of mainland state-owned enterprises (SOEs) and industrial firms points to a deepening economic slowdown in the world's second-biggest economy.

28 Aug 2012 - 3:38am