Category: China

Xiaomi and the Chinese delusion

NIKKEI ASIAN REVIEW The company misjudged the market. Beijing risks misreading the global tech trade war William Pesek July 12, 2018 As Xiaomi stumbled this week, China’s great smartphone hope generated a bull market in scapegoating. Investors are unconvinced by CEO Lei Jun’s internet strategy, some complain. Others say the initial public offering price was

The fears haunting China’s markets

NIKKEI ASIAN REVIEW Last week’s equity tumble shows instability will persist without serious economic reform William Pesek July 02, 2018 Economic reforms are needed to keep investor uncertainty from resurfacing.   © Reuters Barely a month ago, the MSCI index company gushed that China’s inclusion in the premier emerging-market stock benchmark could “change the face”