Growing Pains

Just when everyone thought China's e-commerce market was being dominated by Alibaba and JD.com, a dark horse emerged from the shadows and blazed a trail into the trading spotlight amid a wave of criticism. On July 26, Pinduoduo, an online dis-count shopping platform, was listed on the Nasdaq at $19 per American depositary share (ADS) and closed at $26.7 per ADS, soaring more than 40 percent on its first trading day. The stellar performance has elevated Pinduoduo into the ranks of top Chinese Internet tech firms like Alibaba, Tencent, Baidu, Xiaomi, JD.com and NetEase.     

A Shared Path While all concerned countries hope to benefit from the Silk Road Economic Belt,China needs to take on the role of coordinator

正Though trains have replaced camels as the primary mode of transport,and oil and gas have supplanted silk as the major commodity,the Silk Road has risen once again after Chinese President Xi Jinping first put forth the strategic conception of the Silk Road Economic Belt during his visit to four Central Asian countries in September 2013.The proposed belt traverses 18countries in the Eurasian region and has a population of about 3 billion.     

Pilot Zones for Sustainability

正Green finance projects sprout up to fuel industrial upgradingMelting ice caps,biological extinction,and a deteriorating ecological environment—the dangers of global warming are looming over the horizon.In response,at an executive meeting of the State Council on June 14,Chinese policymakers decided to set up pilot zones for green finance in Guangdong,Guizhou,Jiangxi and Zhejiang provinces as well as Xinjiang Uygur Autonomous Region.The decision was made in     

THREE BROTHERS BAND TOGETHER

<正>Beijing,Tianjin and Hebei undergo comprehensive integration Three years have elapsed since the synergetic development of the BeijingTianjin-Hebei(Jing-Jin-Ji)region was first put forward as a major national strategy by Chinese President Xi Jinping in February2014.Xi called for the coordination and inte-     

On the Rise

正The Fed raises interest rates again,but China chooses not to follow On June 13,the U.S.Federal Reserve raised its benchmark federal funds rate as expected by a quarter of a percentage point to a range of 1.75 to 2 percent,marking the second interest rate increase this year.     

Burgeoning Bonds

<正>Cross-border bond transaction gets green light,giving a leg-up to renminbi internationalization Following on the heels of the two stock connect schemes between Shanghai and Shenzhen and their Hong Kong counterparts in 2014 and 2016,the Chinese mainland’s     

Building Asia’s Future

<正>The AIIB seeks to stoke growth in Asian countries through infrastructure construction Although it was officially launched only a year ago,the Asian Infrastructure Investment Bank(AIIB)is rapidly expanding with grand goals,with$1.73 billion worth of loans issued thus far to nine energy and infrastructure construction projects in seven countries.     

India: The Next Frontier for Business?

<正>The world’s second most populous country is ripe for the taking Despite the fact that he has witnessed his company grow from scratch there in the past few years,Yu Yongbin,the former Executive Director of Huawei Technologies Co.Ltd.(India),still doesn’t feel like he has the world’s second most populous country all figured out."You can never completely understand the time-honored country,just like you can’t see its entire national emblem at a glance,of which only three lions are visible and the fourth one is hidden from the view,"Yu said with a smile.     

Set Out With A Bang or A Whimper?

<正>Despite its NASDAQ listing,it remains to be seen whether Momo can reverse its image as a so-called "hook-up app" Tang yan,a 35-year-old man who only just began his stint in entrepreneurship in 2011,surprised the corporate world when his firm Momo,a Chinese social media     

The Power of Green

正China cleans up its energy sector with a faster shift toward solar and wind power generation New energy development has joined the ranks of high-speed railways and aerospace manufacturing as one of China’s new trio of modern game changers in the field of science and technology.The rapid expansion of solar and wind power has