EDITORIAL

• SOE Reform Must Face Up to Industrial Monopolies

SPECIAL REPORT

• Africa Takes a Seat in the ‘Made in China’ Workshop

FINANCE

• Banks Face Tougher Rules to Control Liquidity Risk
• Microlenders Choose Flight Over Fight
• Industry Body Faults Domestic Ratings Agencies
• Microlenders Face Funding Squeeze

ECONOMY

• China’s Exports Rise at Strongest Pace in Eight Months
• China Faces Fallout From Trump’s Tax Overhaul
• China Services Activity Picks Up in November, Caixin Survey Shows

BUSINESS & TECH

• Deppon Logistics Latest Major Chinese Courier to List
• GM on Hunt for Chinese Battery Suppliers
• China Mulls Extension to New-Energy Vehicle Tax Rebate
• Turf War Takes Off at Beijing’s New Airport