China, Trillion | featured news

China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor.

Vast oil reserves, trillion-dollar trade routes, fervent nationalist sentiments, competing territorial claims and bitter histories – the waters off the east coast of China are a sea of money and a sea of trouble.

Credit Suisse has published a report that tries to quantify the scale of hidden, or unreported, income in China. The bank sponsored Professor Wang Xiaolu of the China Reform Foundation for this report, his second study of China’s grey income and income distribution.