chinese economy

Xi Jinping (R) shakes hands with North Korean leader Kim Jong Un (L) in the Chinese city of Dalian earlier in May

Xi Jinping: Friendship with North Korea ‘Sealed in Blood’

China’s Communist Party leader Xi Jinping celebrated his country’s ties to North Korea Wednesday during a meeting to welcome a delegation from Pyongyang in town to learn how to replicate the Chinese economy domestically, proclaiming that the bilateral relationship is “sealed in blood.”

AP Photo

China Only Has 2 Years of Currency Reserves

With China’s foreign exchange reserves falling by $490 billion in the last twelve months, China is on pace to run out of currency reserves in just two years.

CHINA-STOCKS

China ‘Black Tuesday’: Stocks Fall 5%, Despite Suspending 25% of Issues

Despite the Chinese communist government’s efforts to hide the severity of the “Black Tuesday” stock crash by indefinitely suspending trading in over a quarter of the nation’s weakest stocks, the Shanghai B Share Index suffered a 9.1 percent loss, while the Shenzhen Exchange plunged 5.8%.

Fake Apple watches in China take a bite out of latest technology

Apple Earnings Powered by Rise of China’s Middle Class

Apple’s earnings vaulted by 27.5% for the first three months of 2015 compared to the same period last year, on the phenomenal Chinese sales driving profit margins for the iPhone 6. The virtuous smartphone tailwind and buzz about the Apple Watch spiked store traffic that also goosed Mac sales. With an operating margin of over 30 percent and $194 billion in the bank, Apple deserves to be the world’s most valuable company.

Xinhua/Guo Chen/AFP

Report: ‘Real’ China GDP Shrinks as Demand Collapses

Lombard Street Research (LSR) has reported that China’s “real” (after-inflation) GDP actually fell -0.2% for the quarter ending March 2015. Despite the official government claim of +1.3 percent growth for the quarter and +7 percent annualized growth. China’s quarterly performance