Mark Schlarbaum Irvine California

China is creating the world’s second biggest stock market

A long-awaited trading link in China is close to becoming a reality, and that’s got people talking about the country’s heavyweight status in financial markets. A link connecting the Shenzhen and Hong Kong stock exchanges is slated to open Dec. 5, making hundreds of China’s fastest-growing companies available to foreign investors. The Shenzhen-Hong Kong Stock Connect also “will essentially create …

Mark Schlarbaum Irvine California

China to invest $174 billion in hydro and wind

China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for …