Driven by the dream of making world-class automobiles

The man responsible for making domestic-made cars popular in China, a market hitherto dominated by foreign brands, clearly remembers how Trumpchi, the best-selling Chinese model, got its name.

Taking the long view on volatility

Swiss banker Sergio Ermotti had a baptism by fire when he was appointed CEO of UBS Group in 2011, in the wake of a trading scandal that cost the bank $2.3 billion.

Buying into digital payment

China has the highest adoption rate in the world for technology-enabled payment systems, according to a report released on March 2.

Quotable

"Bad-asset securitization will not fundamentally solve the problems related to bad loans, which could only be disposed through means like selling, corporate restructuring and settling with the debtor."

IN BRIEF (Page 24)

Central bank chief dispels growth fears

The Chinese government still has monetary policy tools to shore up economic growth and is not worried about decreasing foreign exchange reserves, according to Zhou Xiaochuan, governor of the central bank.

China is on good path, World Bank chief says

China has realized the critical importance of communication, and the world is going to see more transparency and clarity in the country's decision-making, according to the World Bank president.

Policy moves spur recovery in home prices

Home prices in 100 of China's biggest cities climbed an average of 0.6 percent month-on-month in January, signaling a recovery in demand, according to a survey released on March 1 by the China Real Estate Index System.

Ratio cut to boost property stocks

Property stocks rallied on March 2 as developers looked set to benefit from the additional liquidity released from the Chinese central bank's decision to cut the reserve requirement ratio.

Heating up a kettle of profits

Africa's tea output has been steadily increasing over the years with increased farming acreage and government initiatives. Yet this has contributed to the global oversupply of black tea.

FAW trucks make inroads in Africa

African truck dealers are enjoying shorter lead times and reduced costs by sourcing from FAW's plant in South Africa.

As bad loans keep increasing, so do private debt collectors

Li Wen's voice went hoarse recently, the result of making hundreds of phone calls in the past two months to credit card holders who failed to pay their bills.