The Big Call
Despite the slow progress of social housing projects in several cities and some creative accounting, on-the-ground evidence points to a greater buildout this year than in 2011.
A proposed ban on government high-end alcohol purchases has done little to dent enthusiasm or investment among makers of China’s fiery national liquor.
Once famous baijiu maker Tuopai Shede is aggressively moving upmarket in a bid to boost profits and regain market share.
Expanding capacity and the number of directly operated stores should boost both top- and bottom-line growth for China’s most famous baijiu maker, while a proposed government ban is unlikely to have a significant impact.
High-end sales continue to drive strong growth for market leader Wuliangye, but the company is also keen to stress its mass-market credentials.
Hunan-based Jiugui Liquor is hoping that its diverse brand portfolio and a new distribution model can help it grow market share both in its home province and nationwide.
Approval of a pilot financial reform zone in Wenzhou suggests that the government has finally acknowledged the importance of private capital to the nation’s financial health and is prepared to encourage it to play a bigger role.
A selection of key financial data for April.
Capital Intensive China
Further price cuts and measures to help first-time buyers tempted homebuyers back into the market in March, reinforcing recent signs of a transaction rebound.
Despite a surge in passenger numbers and demand, China’s airport sector remains hampered by inefficiencies and airspace restrictions.
Best of Chinese Commentators
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.