Edinburgh Airport signs ground-breaking Beijing partnership amid £80m expansion August 21, 2017 Edinburgh Airport has signed a ground-breaking partnership agreement with Beijing Capital International Airport, whilst also beginning work on an £80m expansion. Edinburgh Airport, Scotland’s largest carried 12.3m passengers in 2016 and is on track to surpass that record-breaking year in 2017. Since being sold to infrastructure fund Global Infrastructure Partners in 2012, it has grown [...]
IMF: China debt levels could lead to “crisis” if government does not act to deflate credit boom August 15, 2017 The surge in debt in China has the potential to cause a major crisis without “decisive policy action” to deflate an ongoing credit boom, the International Monetary Fund (IMF) warned today. In a report on risks facing the world’s second largest economy, the IMF said the rapid expansion in credit in recent years has helped [...]
No need to worry about China’s debt bubble…yet August 8, 2017 China's debt mountain is massive, and concerns around the sustainability of the country’s credit-fuelled expansion are showing no signs of dissipating. The world’s second largest economy has certainly had its fair share of bad news recently after Moody’s downgraded its credit rating in May amid fears the nation’s growth rate would slow in the next [...]
Nissan to offload electric battery business to Chinese private equity firm GSR Capital including Sunderland plant in the UK August 8, 2017 Nissan and NEC have announced the sale of their rechargeable electric battery joint venture to a Chinese private equity firm. Automotive Energy Supply Corporation (AESC) was set up by Nissan and NEC back in 2007 to produce lithium-ion batteries for the car firm, but today Nissan said it is offloading the unit to GSR Capital, [...]
These six charts caught our attention in July August 2, 2017 Safe as houses In the UK, house price growth began to slow noticeably last year when stamp duty on buy-to-let and second homes increased. The slowdown continued after the announcement that the UK would be leaving the EU. Perhaps surprisingly, London has been hit harder than the rest of the UK. UK growth is sluggish [...]
There’s more to Chinese culture than willow-patterned plates or Ming vases; we explore Beijing’s fast-growing contemporary art scene July 28, 2017 Picture the likes of London’s White Cube, the Saatchi Gallery, and the Serpentine, all transported to, say…Hounslow. Would you be as inclined to head there of a weekend to take in the latest exhibition by Damien Hirst, or Tracey Emin? Serious collectors from around the world as well as art-loving Chinese investors are doing something [...]
International lending to China surges by $92bn as banks shrug off fears of a debt bubble July 19, 2017 Lending by international banks to China surged in the first quarter of the year, new data from an influential central bankers’ body shows, reflecting increasing confidence in the country despite fears of a debt bubble in the world’s second-largest economy. Cross-border bank assets lent to emerging economies grew by eight per cent year-on-year in the [...]
Chinese economy delivers pleasant second-quarter growth surprise at 6.9 per cent annual GDP expansion July 17, 2017 The Chinese economy grew faster than expected in the second quarter of the year, sustaining its momentum to shrug off investor fears of an impending slowdown. Output from the world’s second largest economy remained at an annual rate of 6.9 per cent growth, the same as the first quarter, according to the Chinese National Bureau [...]
Initial Coin Offerings: Are they a solution to Bitcoin woes? July 11, 2017 Initial Coin Offerings (ICOs) have taken the fintech world by storm the last few months. ICOs are tokens, typically based on the technology underlying Bitcoin’s more versatile cousin Ethereum, that entrepreneurs sell to investors in exchange for cryptocurrency – typically either Bitcoin or Ether, the cryptocurrency of the Ethereum network. Interestingly, these tokens do not [...]
Are ICOs and new altcoins a solution to Bitcoin woes? July 11, 2017 Initial Coin Offerings (ICOs) have taken the fintech world by storm the last few months. ICOs are tokens, typically based on the technology underlying Bitcoin’s more versatile cousin Ethereum, that entrepreneurs sell to investors in exchange for cryptocurrency – typically either Bitcoin or Ether, the cryptocurrency of the Ethereum network. Interestingly, these tokens do not [...]