China is the country with the largest population in the world at over 1.3 billion people. The land covers approximately 3.7 million square miles. The country is governed as a communist country, although they have developed a quasi-capitalist sector for business. China has the second largest gross domestic product (GDP) at approximately $7.0 trillion; behind the U.S. at $15.0 trillion and ahead of Japan at $5.8 trillion. The leaders opened up the centrally planned economy in the late 1970s and early 1980s to allow economic growth through trade, which has allowed China to grow at an unprecedented rate for a country its size. From 2001 to 2011, China grew at an annualized rate of 10.5%.
China stock markets crashed overnight, raising fears of a Chinese economic collapse.On Saturday, June 27th, the People’s Bank of China (PBOC) lowered its benchmark interest rates for the fourth time since last November in an effort to put brakes on the stock market crash. The Chinese central bank lowered the one-year lending rate. Read More
International stock markets crashed on Monday, June 29, as fears of a eurozone economic collapse soured investor sentiment.A frustrating Greek crisis continues to hit the global markets, as the country closed all banks and imposed capital controls. Uncertainty surrounding the fate of Greece is dragging the equity market lower;. Read More
Coming off a record year for initial public offerings (IPOs) in 2014, investors have been anticipating a possible Uber IPO in 2015. Now after a China-based firm invested billions into the car-sharing company, the probability of an IPO just got better.Beijing-based Hillhouse Capital Group is leading the investment round for Uber,. Read More
Chinese stock markets crashed on Friday, June 26th, posting their biggest daily decline in seven years.The Shanghai Composite and the Shenzhen Composite tumbled 7.4% and 8.2%, respectively. More than two thousand stocks fell 10%, the maximum daily loss allowed by regulators.The ChiNext Board also experienced the largest daily. Read More
The S&P 500 is set to be flat on Friday, June 26th, as investors are keeping an eye on a deal to avert a Greek default on a proposal from its creditors and China’s stock market continues to sell off.Although there was some encouraging news earlier this week about the Greece deal with its creditors, the differences between sides stretched. Read More