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March 1st, 2018

Can China tame its debt?

Business fears a chilling effect as lending tightens

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The Big Story

The hidden risks of China's war on debt

Lending clampdown sparks fears of an economic chilling effect

A construction project in Beijing's Tongzhou district in May 2017
A woman walks past a closed branch of peer-to-peer lender Ezubao in Huaibei, Anhui Province, in 2016. The company turned out to be a Ponzi scheme that collected over $9 billion from investors.
Economy

China's wild online lending frontier tests regulators

As the industry swells, Beijing scrambles to weed out fraudsters and Ponzi artists

Uber CEO Dara Khosrowshahi speaks to the Nikkei Asian Review in Tokyo on Feb. 20. (Photo by Ken Kobayashi)
Multinationals in Asia

Uber turns over a new leaf in Asia

New CEO wants to move past scandals and friction with foreign governments to grow 'in harmony'

Seven workers were injured in an accident at this toll road construction site in Jakarta on Feb. 20.
Economy

Indonesian contractor Waskita scrambles to move past accidents

Delays would threaten the company and Widodo's infrastructure push

A tanker loads LNG at ExxonMobil's PNG LNG plant off Port Moresby. (Courtesy of Oil Search)
Economy

Chinese demand spurs LNG investment in Papua New Guinea

ExxonMobil and partners set to spend $9 billion to expand export capacity

A view of the property in Tokyo's Gotanda area that Sekisui House had intended to buy
Business

Land scam sparks a boardroom coup at Japan's Sekisui House

Chairman ousted after trying to remove president over $50mn bogus land deal

Sheraton Grande Tokyo Bay Hotel, located near Tokyo Disney Resort, was recently acquired by the Singapore sovereign wealth fund GIC and a Japanese partner.
Business

Singapore's GIC wants to help Japan improve its corporate governance

Fund lauds progress in the boardroom but says more must be done

The headquarters building of Anbang Insurance Group in Beijing
Politics

Business Insight: For Anbang's ex-chairman, trouble was a long time in the making

Wu Xiaohui's arrest was expected, but what next for the company?

Apple's new iPhone X is displayed after it goes on sale at the Apple Store in Tokyo's Omotesando shopping district on Feb. 1, 2018.
Commodities

Smartphone memory chips are on a healthy price drop

Flash memory is entering a correction, experts say, and it's all part of a larger cycle

Filming of Bollywood film "Banjo" by Eros International in 2016 in Mumbai.
Business

Indian mobile carriers snap up content to woo subscribers

Reliance Jio and others see video as a way to boost data usage revenue

(Original pictures by Reuters)
Asia Insight

Islamists' growing clout strains Indonesia's democratic pillars

Hard-liners' ability to rally the masses cows politicians into acquiescence

A worker collects palm oil fruit at a palm oil factory in Sepang, outside Kuala Lumpur.
Economy

Migrant crackdowns hit ASEAN's labor flow

Moves by Malaysia and Thailand leave short-staffed companies facing higher costs

Slices of Kobe beef meat pictured in plate as arrange steaks in a restaurant on January 18, 2017 in Kobe, Japan.
Economy

Cambodia's imports of Japanese beef are ending up in China

Southeast Asia has become the way to get around China's ban on wagyu

Wagyu exports to Taiwan skyrocketed last year after a ban was lifted that September.
Business

Japanese wagyu suppliers scramble to meet worldwide demand

The problem is that there are not enough farmers to meet future needs

Chinese President Xi Jinping has not lined up a successor as is customary, raising speculation that he would seek to stay in power beyond a second term. (Photo by Akira Kodaka)
Politics

China's Communist Party prepares to end term limits for Xi Jinping

Proposal to constitution seen as the next step in the president building ever more power

Ivanka Trump attends the Pyeongchang Olympics closing ceremony on Feb. 25.
Politics

The US and North Korea resume their gamesmanship after Olympic lull

US-South Korea military drills loom large in post-games order

The North Korean state-sponsored hacker group Lazarus appears to have resumed its efforts to steal foreign currency.
Economy

Pyongyang's hunger for foreign cash keeps its hackers busy

Unit 180 is apparently back in business after cyberattack discovered in January

Taiwan's new Central Bank Governor Yang Chin-long at his inauguration ceremony in Taipei on Feb. 26.
Economy

Taiwan's new central bank chief sees risks to financial stability

Yang Chin-long wants more AI and big data as management tools

A ship departs a port in Zhanjiang, China, in July for Africa's Djibouti to dispatch members of the People's Liberation Army to man a military base there.
Politics

Brahma Chellaney: China is ensnaring vulnerable states in debt traps

The Maldives is just the latest nation at risk from Beijing's maneuvering

Haruhiko Kuroda’s priorities as Japanese central bank chief will someday start to diverge from Prime Minister Shinzo Abe’s political needs. (Photo by Uichiro Kasai)
Economy

Stephen Grenville: Kuroda may have to break with Abe, one day

The Bank of Japan governor must navigate the subtleties of central bank independence

Nirav Modi at his office in Lower Parel, on August 9, 2016 in Mumbai, India
Business

Praveen Chakravarty: India's $1.8 billion jewelry scandal exposes a flawed banking system

Ties between business, bureaucrats and politicians remain too cozy

Kim Yong Chol, right, vice chairman of North Korea's ruling Workers' Party Central Committee, watches the closing ceremony of 2018 Winter Olympics at Pyeongchang Olympic Stadium in South Korea on Feb. 25.
The Nikkei View

Beware North Korea's Olympic charm offensive

Engaging with Pyongyang without progress on denuclearization is a fool's game

The stone garden
Articles

South Korea's Museum SAN offers contemplation and discovery

Monocle visits the understated yet arresting art galleries in the mountains of Wonju

Stream article image
Articles

The complex culture and history behind 'K-beauty'

South Korea's beauty industry thrives on twin goals of conformity and perfection

Cat cafes line an alley in Taiwan’s Houtong, which is now better known as “cat village.” (Photo by Shinya Sawai)
Articles

Taiwan's cat village is a tourist draw and a local headache

The cats are fine. It's the people taking and dropping them off that are the problem

A motorized rickshaw parks in front of a colonial building in Luang Prabang, Laos. (Photo by Denis D. Gray)
Economy

Tourism and development threaten Laos' French traditions

Rapid changes are erasing the last vestiges of a fragile heritage