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}

China Plans Fresh Crackdown on Tangshan Steel Production

Emily Feng
Financial Times
China is planning a new crackdown on steel production in the north-eastern city of Tangshan in a bid to prevent false reporting of mill closures by local governments reluctant to obey shutdown orders.

China Replaces Anti-Pollution Charges with Beefed Up ‘Green’ Tax

Wu Gang
China will start collecting environment protection taxes in 2018 to strengthen enforcement that authorities said local governments had interfered with

“We Have a Fake Election”: China Disrupts Local Campaigns

Javier Hernandez
New York Times
Local elections are democratic in name only. The party picks its preferred candidates and leaves no room for an upset

Unswayed by Extraordinary Public Outcry, China Executes Nail Gun Killer

Simon Denyer
Washington Post
China sends messsage that ordinary people can’t take the law into their own hands, and the Communist Party is simply not going be swayed by a public outcry.

Provincial Party Shake-up Paves Way for Leadership Changes

Lin Yunshi
About half of China's provincial party committees have changed top ranks...

Conversation

10.27.16

What Does Xi Jinping’s Top-Down Leadership Mean for Innovation in China?

Matthias Stepan, Anna Ahlers & more
One of the hallmarks of Xi Jinping’s leadership has been a centralization of power across a whole range of areas of domestic politics. This week, the Chinese Communist Party’s leadership meets in Beijing for the sixth plenary session of its 18th...

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

The Young Foreigners Embedded in Chinese Local Government

Ben Bland
Financial Times
Communist China has a long history of recruiting foreign experts to advise state-owned companies and teach at universities.

Understanding Xi Jinping’s ‘Key Minority’

Lu Yiyi
Wall Street Journal
Xi’s renewed attention to the performance of county leaders shows that he is relying on local officials to play a pivotal role in implementing his program.

Viewpoint

04.01.15

China’s Government Is Serious About Fundamentally Reshaping Itself

Rebecca Liao
Respected China scholar David Shambaugh recently set off a firestorm among other China specialists when he predicted the collapse of China’s ruling Communist Party in an op-ed for The Wall Street Journal. Beneath many of the arguments in his defense...

Caixin Media

01.20.15

Good Times Are Over for Local Governments

Two pieces of recent news have piqued the public's interest. First, local governments reported their latest debt figures to the Ministry of Finance. The numbers have not been made public, but sources say many officials reported large amounts in...

Good Times Are Over for Local Governments

Caixin
Two pieces of recent news have piqued the public's interest. First, local governments reported their latest debt figures to the Ministry of Finance. The numbers have not been made public, but sources say many officials reported large amounts in...

China Tightening Curbs on Opaque Local Debt Spurs Market Tumble

Helen Sun and Judy Chen
Bloomberg
While the change caught traders off guard, authorities in the world’s second-largest economy are trying to rein in the use of lightly-regulated Local Government Finance Vehicles (LGFVs) as they promote the development of a more transparent municipal...

County-Level E-Commerce: Next Driver of China’s Online Shopping

Chen Zulong
Huxiu
From 2003 to 2013, the number of county-level e-commerce merchants grew from tens of thousands to hundreds of thousands, and to millions.

Chinese Man Sues Local Government Over Smog

Shannon Tiezzi
Diplomat
Li Guixin of Hebei province has become the first person to sue the government over air pollution. 

Local Government Threatens Severe Punishments for Families of Tibetan Self-Immolators

Patrick Boehler
South China Morning Post
A county in Sichuan province has issued guidelines aimed at punishing family members of Tibetans who have set themselves on fire to protest Chinese rule in their homeland.

Caixin Media

02.11.14

Local Governments Aim for Lower GDP Growth This Year

Most of the local governments that have announced their GDP targets for this year aimed lower than they did in 2013, citing the need to rebalance the economy and improve the quality of growth. Many missed their growth targets last year.The...

Infographics

08.12.13

Is China’s Massive Infrastructure Spending Wise or Wasteful?

China leads the world in infrastructure investment. The new roads, new railroads, new skyscrapers, even whole new cities that seem to spring into existence every day leave little doubt that investment has been ambitious. But has it been wise? This...

China Orders Ban on New Government Buildings

Keith Bradsher
New York Times
The ban is the latest in a series of initiatives by President Xi Jinping to discourage corruption and foster frugality at a time of broad popular resentment against high-living bureaucrats. 

Caixin Media

04.22.13

Heading off a China-style Subprime Mortgage Crisis

Warning of local governments’ high exposure to bad debts, the credit agency Fitch recently downgraded China’s long-term local-currency rating from AA– to A+. Officials should take note: the downgrade underlines how closely international markets are...

Media

01.03.13

How a Run-Down Government Building Became the Hottest Item on China’s Social Web

It is perhaps a sign of the times in China that an image of nothing more than a ramshackle county government building could echo so widely. Since its posting on Sina Weibo, China’s Twitter, hours before New Year’s Eve, the image (see below) has been...