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How A Chinese Pharmaceutical Startup Acquired an American Research Firm

In the highly competitive pharmaceutical industry, contract research outsourcing (CRO) has emerged as a popular business model. Seeking to gain an international presence, Jiangsu-based WuXi PharmaTech (WX) spent $163 million to acquire AppTec, a U.S.-based...

Kevin Mo: “Unleashing Pent-up Demand for Energy Efficient Buildings”

Building Energy Efficiency and Green Development Fund Launches First Projects

How Local Investment Continues to Sap China’s Fiscal Health

By Houze Song Contrary to conventional wisdom, fiscal reform is one of the few bright spots in China’s ongoing comprehensive reform. To limit local governments’ ballooning debt and off-budget borrowing, Beijing has issued a series...

Financing Building Energy Efficiency: A Challenge and Opportunity for China’s Cities

By Kevin Mo China has made a number of remarkable environmental commitments over the past several months, from the Paris Agreement in December, in which it agreed to peak carbon by 2030 or earlier, to...

How Much Debt Is Too Much in China? A ChinaFile Conversation Copy

By Yukon Huang, Houze Song, Derek Scissors In the first quarter of 2016, Chinese debt rose to 237 percent of GDP—a level comparable to that of the U.S. or the Eurozone and yet much larger than...

Kevin Mo on China’s Conundrum: Economic Growth and Environmental Protection

China has made ambitious commitments to reduce carbon emissions, in the Paris Climate Agreement and in the 13th Five-Year Plan. But how will China, with its growing middle class and estimated 100 million people moving...

Coming Clean on China’s “Hidden” Bank Debt

By Andrew Collier The IMF’s new “Global Financial Stability Report,” with a comprehensive overview of China’s credit outlook, suggests that 5.5 percent of all loans, or $641 billion, are nonperforming. Using companies’ ability to at...

How a Chinese Paper Maker Found an American Partner

“Radical changes are needed, if suppliers want to break out,” stated a 2010 report on the global paper market. In the years to follow, Shandong-based paper manufacturer Tranlin would do just that, committing to make...

How Much Debt Is Too Much in China? Houze Song Comments