Chinese drivers are increasing in number, and foreign auto companies have cruised away with most of the sales. But access to the world’s largest auto market has come with a big financial concession: joint ventures with local partners. Today’s graphic shows the biggest foreign carmakers and their local Chinese partners. Read more about why these joint ventures aren’t built to last.
On Sunday, Reuters was first with the news that Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China’s biggest corruption scandal in more than six decades. The sheer size of the asset seizures and the scale of the investigations into the people around Zhou – both unreported until the Reuters exclusive – make the corruption probe unprecedented in modern China.
In a Reuters Best: Journalist Spotlight Q&A, Benjamin Lim reveals the story behind how he and Ben Blanchard got the scoop.
Q. How did you get this exclusive? (more…)
Chinese companies owe just over $1 trillion in domestic bonds, of which 15.8% is coming due this year. A Reuters analysis of more than 2,600 Chinese companies found credit metrics worsening across a range of industries. Today’s graphic show short-term debt to cash for each mid and large cap company listed on the Chinese stock exchange.
China has swap lines with many central banks in an effort to achieve greater overseas use of its currency. Today’s graphic shows the yuan swap lines with national central banks. The thickness of the lines is proportional to the amount of each swap line.
China’s got big plans for Beidou, its homegrown version of the GPS navigation system. Jane Lanhee Lee reports on the rise of a technology with both commercial potential and military applications.
China’s corporate debt has reached record levels and is likely to accelerate domestic restructuring more defaults, as credit repayment problems rise. Today’s graphic shows the Chinese companies with the highest debt/equity levels and the breakdown of debt by industry.
A report by Hurun Chinese Luxury Consumer Survey gives a peek at the lifestyle of high net worth individuals in China. Overall spending by wealthy Chinese fell by 15% in 2013, the third consecutive year of decline. Today’s graphic is a snapshot of the tendencies of rich individuals in China.
After three years of sluggish deal flows, a slew of mega IPOs is set to spike up Hong Kong offerings in 2014. With the value of IPOs in Hong Kong seen doubling to over $32 billion this year as major economies pick up steam, Greater China could account for more than half of all 2014 investment banking fees for the Asia-Pacific region, excluding Japan. Today’s graphic compares the IPO volumes of New York, Nasdaq, London and Hong Kong.
Cigarette consumption increased over a hundred fold over the last century. Enough cigarettes were consumed in 2009 for each person in the world to have smoked an average of 865 cigarettes or 43 packs. Today’s graphic shows a global cigarette consumption trend and the top five consuming countries in Asia Pacific.
China is the world’s largest producer and consumer of coal. Today’s graphic shows the top ten producers and consumers of coal in the world as well as a map of China’s coal-bearing regions.