China

China’s corporate debt mountain – Graphic of the day

The world’s biggest corporate debt pile – $16.1 trillion and rising – is a growing threat to China’s slowing economy. Corporate China’s debts, at 160% of GDP, are twice that of the United States, having sharply deteriorated in the past five years. Today’s graphic is based on a Thomson Reuters study of over 1,400 companies showing China’s rising corporate debt mountain.

corporate debt

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China’s outbound M&A in the U.S. – Graphic of the day

China’s state-backed Tsinghua is preparing a $23 billion bid for U.S. memory chip maker Micron Technology, in what would be the largest Chinese takeover of a U.S. company. Chinese companies have spent close to $50 billion on U.S. acquisitions over the last few decades. Today’s graphic documents the increase in those types of deals.

M&A

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BRICS economic overview – Graphic of the day

Leaders of Brazil, Russia, India, China and South Africa finally launched the group’s largest initiatives to date — a development bank and a currency pool. Today’s graphic is an economic overview of the BRICS economies, including charts comparing GDP, real effective exchange rate, interest and inflation rates.

brics

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Blazing a trail to red: Things to know about the rising Renminbi

REUTERS/Nicky Loh

Last year Thomson Reuters witnessed a 350% increase in offshore trading of the Chinese currency on our FX electronic trading platform. More East Asian and other currencies track against the RMB now than the U.S. dollar or the Euro. And up to 60 governments now have the RMB in their domestic currency reserves.

The staggering growth and development of the currency over the past ten years and pending IMF “blessing” as a de facto global reserve, has raised hopes of a stronger and more balanced global economy, more diversification of financial portfolios, and greater competitiveness for foreign companies. At the same time there is deep concern, especially from the United States, of a more powerful China that can write its own macro-economic rules, be the leading voice on regulatory policy and exert far greater foreign policy influence.

President of our Financial and Risk business David Craig is on the steering committee of the new Renminbi Ascending report developed in partnership between Thomson Reuters, Standard Chartered, the City of London, and the Atlantic Council – where he is a board member.

In the video below, David speaks to Dr. Chris Brummer, C. Boyden Gray Fellow at the Atlantic Council and author of the report, about the challenges and opportunities arising from the internationalization of China’s currency and asks: “What will this multi-polar world look like in 5 years time?”

Renminbi ascending: The global rise of China’s currency

Renminbi+2

A new report from Thomson Reuters, Standard Chartered, the Atlantic Council and the City of London explores how China’s currency impacts global markets, foreign policy and transatlantic financial regulation

Being curious people and deeply involved and enabling the intersection of currencies, commerce, regulation and development, we asked ourselves:  “What does the rise of the renminbi (RMB) really mean for financial markets and centers, regulatory development, investment inside and outside and foreign policy?”.

Others too were interested in this question and we partnered with Standard Chartered, the Atlantic Council, and the City of London to jointly research and understand these questions and gain greater insight, awareness and profile for our businesses globally

Six months later we are proud to share the final report, which was released on June 22. (more…)

U.S. counterfeit goods seizures – Graphic of the day

More than 85% of counterfeit goods seized by U.S. customs and border officials last year originated in China and Hong Kong. Today’s graphic shows the value and number of seizures in the last two years.

counterfeit

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China’s tech M&A deals – Graphic of the day

Boutique Chinese financial advisors are stealing a march on global investment banks as deals pick up speed in the country’s red-hot Internet industry. Today’s graphic looks at the landscape of tech M&A in China so far this year.

China M&A

Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

Interview with Yang Du, Head of China Business Desk

As the discussion of the globalization of the Chinese economy and the rise of the Renminbi (RMB) continues to heat up, Yang shares his views on how other major currencies are likely to react in the near future.

Read more on our coverage of China.

Protecting China’s tropics with a new kind of accounting

REUTERS/Andy Gao

Along China’s southern coast you can find a city with tropical beaches and a thriving tourist economy. It’s called Sanya, and it, like many other places in China, has seen rapid economic development over the last 15 years. What is different about Sanya is that local leaders decided that as the city embarks on its growth plan, it’s also critically important to keep an accounting of the amount of natural resources and associated ecosystem services being lost, or gained, along the way. This methodology is a form of “natural capital accounting,” or more specifically development of a “natural capital balance sheet,” and confronted with daunting challenges, the city of Sanya provides an example for China and the world of how to grow sustainably.

Taking Stock Over Time

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China, Alibaba, & global deal trends

Watch this video interview with Global Editor in Chief of Reuters Breakingviews Rob Cox, where he talks about covering some of 2014’s biggest stories including China’s emergence, the Alibaba IPO launch, and global deal trends in 2014 and the outlook for this year.

Know more:

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