China's ‘Belt and Road’ Opens up New Business in Africa—for Both the U.S. And China

Washington Post
There has been no shortage of headlines proclaiming China’s growing clout in a “new world order” in recent months. This speculation resurfaced after the July G-20 summit, at which the United States reconfirmed its withdrawal from the Paris climate...

Books

06.13.17

Fortune Makers

Michael Useem, Harbir Singh, Liang Neng, Peter Cappelli
Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution.Outside of brand names such as Alibaba and Lenovo, little is known, even by the Chinese themselves, about the people present at the creation of these innovative businesses. Fortune Makers provides sharp insights into their unique styles—a distinctive blend of the entrepreneur, the street fighter, and practices developed by the Communist Party—and their distinctive ways of leading and managing their organizations that are unlike anything the West is familiar with.When Peter Drucker published Concept of the Corporation in 1946, he revealed what made large American corporations tick. Similarly, when Japanese companies emerged as a global force in the 1980s, insightful analysts explained the practices that brought Japan’s economy out of the ashes—and what managers elsewhere could learn to compete with them. Now, based on unprecedented access, Fortune Makers allows business leaders in the United States and the rest of the West to understand the essential character and style of Chinese corporate life and its dominant players, whose businesses are the foundation of the domestic Chinese market and are now making their mark globally. —PublicAffairs{chop}

World Asia China Cranks Up Heat on Exiled Tycoon Guo Wengui

Wall Street Journal
Beijing airs allegations involving whistleblowing businessman living in New York as subordinates are tried for fraud in unusually open proceedings.

Reports

05.24.17

China’s Social Credit System: A Big-Data Enabled Approach to Market Regulation with Broad Implications for Doing Business in China

Mirjam Meissner
Mirjam Meissner
Mercator Institute for China Studies
Under the catchphrase “Social Credit System,” China is currently implementing a new and highly innovative approach to monitoring, rating, and regulating the behavior of market participants. The Social Credit System will have significant impact on...

Viewpoint

05.09.17

Beijing Is Weakening Hong Kong’s Rule of Law. How Far Will It Go?

Alvin Y.H. Cheung
“The American Chamber of Commerce has urged Hong Kong’s next government to reach out to international businesses still ‘unclear’ about what opportunities the city can offer under the one country, two systems policy.” —South China Morning Post, April...

Viewpoint

04.03.17

What Does the Future Hold for Business between the U.S. and China under Trump?

Ker Gibbs
We are now well into the first 100 days of the Trump administration. His supporters expect major changes in the China relationship. They voted for a man who promised to impose a 45 percent tariff on Chinese goods and slap China with the currency...

Trump Trademarks Approved by China

BBC
China has given U.S. President Donald Trump the chance to expand his brand, after approving dozens of applications to register the Trump trademark.

China’s Plan to Build Its Own High-Tech Industries Worries Western Businesses

Keith Bradsher and Paul Mozur
New York Times
China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries, from planes to computer chips to electric cars, as it looks to kick-start its next stage of economic development. 

Inflation in China Is Heating Up Fast

David Scutt
Business Insider
Chinese inflationary pressures went up a cog in January, led by another enormous surge in producer price inflation (PPI). 

Why Foreign Companies Are Shutting Shop in China

Jane Li
South China Morning Post
Sony Electronics, Marks & Spencer, Metro, Home Depot, Best Buy, Revlon, L’Oreal, Microsoft, and Sharp—some of the big names to have closed Chinese operations

Billionaire Is Reported Seized from Hong Kong Hotel and Taken into China

Michael Forsythe
New York Times
A Chinese-born billionaire who has forged financial ties with some of the country’s most powerful families was taken by the Chinese police from his apartment at the Four Seasons Hotel in Hong Kong late last week and spirited across the border

Bike-Sharing Revolution Aims to Put China Back on Two Wheels

Top Phillips
Guardian
From Shanghai to Sichuan, schemes are being rolled out to slash congestion, cut air pollution – and spin a profit

Mooted $75 Million Oscar Trade Sets Up Record China Soccer Spend

Tariq Panja
Bloomberg
Chinese teams set to continue soccer spending spree in window; Spending comes amid warning from Communist Party newspaper

WWE’s China Hopes Rest on Bin Wang’s Big Shoulders

Jessica Toonkel
Reuters
Wang will be joined by seven other Chinese athletes hand-picked by WWE Inc, in the hope that one of them will become the first Chinese WWE "superstar"...

China Takes Aim at South Korea’s Lotte After Missile Move

Bryan Harris and Charles Clover
Financial Times
Series of probes follows Lotte’s surrender of golf course to host US-made Thaad missile shield

China Exports Snap Seven-Month Losing Streak as Imports Surge

Bloomberg
China’s exports gained as a cheaper yuan aided foreign purchasing; Imports jumped the most in more than two years on strong demand for raw materials

How a Midwest Governor Rose to Become America’s Top Official in China

Catherine Wong
South China Morning Post
Trump administration hopes Terry Branstad’s long-standing friendship with Xi Jinping will smooth often-strained ties between the two nations

Animosity in a Burmese Hub Deepens as Chinese Get Richer

Jane Perlez
New York Times
Locals view Chinese as taking advantage of Mandalay’s location and resources. Chinese view locals as beneath them, slow at business and making money.

What Does a Fried Chicken Restaurant Have to do With Prostitution? China Wants to Know

Echo Huang
Quartz
One business in China is learning that a play on words can get it in trouble with the government

$100 Billion Chinese-Made City Near Singapore ’Scares the Hell Out of Everybody’

Pooja Thakur Mahrotri and En Han Choong
Bloomberg
Planeloads of buyers fly in as condos rise from the sea

Rwanda is a Landlocked Country with Few Natural Resources. So Why is China Investing So Heavily in it?

Lily Kuo
Quartz
Rwanda doesn't fit the usual narrative of China's interest in Africa-- namely that China is only interested in the continent's resources...

Will Trump’s Love of Deals Work With China?

Andrew Browne
Wall Street Journal
A president known for deal-making could change the landscape in East Asia

A Chinese Aid Project for Rwandan Farmers is More of a Gateway for Chinese Businesses

Lily Kuo
Quartz
The Chinese approach to development cooperation does not separate aid, diplomacy, and commerce

As the Election Haze Clears, Trump’s China Conundrum Will Become Clear

Jonathan Fenby
Guardian
President Trump would be well advised to steer away from the rhetoric of Candidate Trump in dealing with the world’s second biggest economy

What Will a Trump Presidency Mean for China?

Rob Schmitz
NPR
The response of China's state-controlled media to Donald Trump's victory seemed almost gleeful. What's happens next?...

Trump’s China Wall

Tim Culpan
Bloomberg
For all his rhetoric about building a wall along the Mexican border, Donald J. Trump may build an even bigger barrier against China

China, Meet Hockey. Russia, Meet a Huge Untapped Market

Tal Pinchevsky
New York Times
When Beijing was named the host city for the 2022 Winter Olympics, China immediately became hockey’s brave new frontier

China Tantalized by US Election Mayhem and Prospect of ’Thug’ Trump as President

Tom Phillips
Guardian
Experts say that Beijing would prefer Republican over Hillary Clinton who is considered a hardliner on human rights

Dick Clark Productions to be Sold to Chinese Company for $1 Billion

Amie Tsang
New York Times
The deal will give Dalian Wanda Group broadcasting rights to the Golden Globes, the Country Music Awards and the NYC New Years countdown

EU Commissioner Oettinger Apologizes for China Speech

BBC
In a speech to German business leaders he described Chinese officials as having "hair combed... with black shoe polish" and "slitty-eyed"...

What It’s Like Playing Golf in China

Scott Cendrowski
Fortune
As if the land of 1.4 billion people wasn’t already exerting influence on enough global markets, China is now a big part of golf’s future

China’s Local Governments Are Getting Into Venture Capital

Lulu Yilun Chen and Edwina Chan
Bloomberg
China’s next billion-dollar startup could have backing from an investor with more money than Warren Buffett and a knack for promoting spicy duck-neck delicacies

Breakfast Cereal Prices Surge in China Following Appearance on Soap Opera

Huileng Tan
CNBC
A shrewd product placement on a popular soap opera has propelled a Western breakfast cereal to frenzied popularity in China, sending prices up almost ten times in the gray market

Crown’s Luck Runs Out as China Widens Casino Crackdown

Mike Cherney and Wayne Ma
Wall Street Journal
Foreign companies face inherent risks in attracting high-rollers from China, where gambling is illegal

Escaping China’s Parent Trap

Nisha Gopalan
Bloomberg
Think Chinese SOEs' have little incentive to stray beyond China? That's far from the case. Just look at Britain's utilities...

Xi Jinping Reminds China’s State Companies of Who’s the Boss

Emily Feng
New York Times
In an unusual meeting that ended on Tuesday, President Xi Jinping announced that the Chinese Communist Party had the ultimate say over state companies

China Intensifies Push to Cut Debt With Multi-Agency Blitz

Bloomberg
IMF has flagged the potential threat from China's growing debt pile; State Council issues guidelines on swapping bad debt to equity...

China's Other Muslims

Economist
By choosing assimilation, China’s Hui have become one of the world’s most successful Muslim minorities

Uber Slayer: How China’s Didi Beat the Ride-Hailing Superpower

Brad Stone and Lulu Yilun Chen
Bloomberg
“We felt like the People’s Liberation Army, with basic rifles, and we were bombed by airplanes and missiles.”

China’s Rising Threat to the U.S. Movie Industry

Richard Berman
Politico
With firms like Dalian Wanda gaining influence in the U.S., would a war movie called South China Sea ever play in one of Wanda’s theaters?

How Donald Trump Ditched U.S. Steel Workers in Favor of China

Kurt Eichenwald
Newsweek
Trump has been stiffing American steel workers on his own construction projects for years

Mixed Messages

Economist
A missed opportunity to improve the environment for foreign companies in China

589 Million Chinese Tourists Will Spend $72 Billion in Just 7 Days Celebrating “Golden Week”

Echo Huang Yinyin
Quartz
Unexpectedly, the new hot destination is Morocco

Peyton Manning is Looking for the Yao Ming of Football in China

Bloomberg
Former quarterback says ‘no-brainer’ for NFL to play in China

China’s Streaming Craze Launches a Billion Shooting Stars

Jacky Wong
Wall Street Journal
The owner of streaming app Inke is China’s newest unicorn thanks to a 19-fold increase in value

How China’s Progress is Killing the Instant Noodle

Adam Minter
Sydney Morning Herald
As China's economy has slowed, so too has its appetite for instant noodles...

Chinese Tourists Encouraged to Behave Ahead of Mass Vacation

Alyssa Abkowitz
WSJ: China Real Time Report
Public urination and defacing monuments are no-nos

China Cities Move to Halt Housing Market Frenzy

Christian Shepherd
Financial Times
Speculators targeted as 15-month price surge persists

Long Absent in China, Tipping Makes a Comeback at a Few Trendy Restaurants

Anthony Kuhn
NPR
Scan your server's QR code if you like your service...

Chinese Business’ Complicated Role in Kenyan Corruption

Eric Olander, Cobus van Staden & more
One of the many simple, widely-believed narratives about the Chinese in Africa is that Chinese businesses fuel corruption across the continent. Chinese corporate corruption in Africa is well documented, from allegations of paying off corrupt...

Environment

06.16.16

Can Cement Clean Up Its Act?

from chinadialogue
Cement is the most widely used substance on the planet after water. It is also one of the most polluting—producing between 5-8 percent of global greenhouse gas emissions, more than twice that attributed to aviation. Cement’s carbon footprint...

Didi Chuxing, China’s Rival to Uber, Scores $7 Billion in New Funding

Juro Osawa
Wall Street Journal
The nation’s biggest ride sharing company succeeds in latest fundraising effort....

Media

05.31.16

Will China’s ‘Taobao Villages’ Spur a Rural Revolution?

from chinadialogue
The province of Shanxi, in northern China, is famous for coal mining, and the industry’s impact is etched across the landscape. But the province’s southern counties, which lie near the Yellow River, are known for a very different commodity—red dates...

Everything You Ever Wanted to Know About the Chinese in Africa But Were Too Afraid to Ask

Eric Olander & Cobus van Staden
The Chinese presence in Africa has been so sudden and so all-encompassing that it’s left a lot of people confused. Chinese farmers now compete for space and customers in Lusaka’s open-air markets, Chinese textiles are undercutting Nigerian...

China’s Midea Group Announces Bid for Germany’s Kuka

Kane Wu and Eyk Henning
Wall Street Journal
The offer is one of the largest unsolicited approaches of a foreign company by a Chinese buyer.

Media

04.05.16

Chinese Censors Rush to Make ‘Panama Papers’ Disappear

David Wertime
On April 3, the Washington, D.C.-based non-profit International Committee of Investigative Journalists dropped what struck many as a bombshell: news that a leaked trove of 11.5 million previously secret files from Panama-based law firm Mossack...

Caixin Media

03.11.16

With GE Deal, Haier Fulfills an American Dream

A U.S.$5.4 billion deal for General Electric’s home appliance division is about to propel China’s largest appliance maker, Haier Group, into the long-dreamed-for high-end market in America.The sale, announced in mid-January but now awaiting...

Top Tips from China's Richest Man, Wang Jianlin

Sophia Yan
CNN
His recent book claims to give an inside look into his managerial philosophy and the values that turned his company into a giant conglomerate.

Boeing Lands $10 Billion Order From China Southern Airlines

Bloomberg
Boeing Co. landed a $10 billion order from China Southern Airlines Co.