The China Trade War Has Already Begun: CEO Daily for January 4, 2018

Alan Murray and Tom Huddleston Jr.
Fortune
Gordon Orr, director emeritus of McKinsey and long-time China hand, wrote recently that many Chinese investors now “simply assume that they could not get approval for investment in the United States, and so won’t try.” 

Special Report: Hidden Peril Awaits China’s Banks as Property Binge Fuels Mortgage Fraud Frenzy

Engen Tham, Clare Jim, Yawen Chen
Reuters
While property prices in China continue to rise, mortgage fraud remains largely a hidden danger, much as subprime loans in the United States remained mostly out of sight ahead of the 2008 global financial crisis.

Why The Great Malls of China Are Starting to Crumble

Irina Ivanova
CBS News
China, which for years has been goading consumers to spend their hard-earned yuan as the country seeks to modernize its economy, faces an all-too-American problem: too many shopping malls, and not enough people to shop there.

U.S. Business Group Urges Trade Fixes Ahead of China’s Party Congress

Reuters
A U.S. business lobby in China said on Thursday that Washington should use leverage afforded by China’s desire to avoid trade frictions with the United States ahead of its Communist Party Congress this fall in order to fix market access...

Sinica Podcast

06.07.17

Kai-Fu Lee on Artificial Intelligence in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Kai-Fu Lee is one of the most prominent figures in Chinese technology. He founded China’s noted early-stage venture capital firm Sinovation Ventures after launching and heading up Google’s China operations during their years of growth from 2005 to...

Conversation

05.16.17

How Big a Deal is the New U.S.-China Trade Deal?

Wendy Cutler, Zha Daojiong & more
Last week, the United States and China announced a new trade deal on the eve of China launching a sweeping conference to promote its One Belt, One Road development and infrastructure investment initiative. How good are the terms of the Washington-...

Books

05.02.17

China’s Mobile Economy

Winston Ma
China’s Mobile Economy: Opportunities in the Largest and Fastest Information Consumption Boom is a cutting-edge text that spotlights the digital transformation in China. Organized into three major areas of the digital economy within China, this ground-breaking book explores the surge in e-commerce of consumer goods, the way in which multi-screen and mobile Internet use has increased in popularity, and the cultural emphasis on the mobile Internet as a source of lifestyle- and entertainment-based content. Targeted at the global business community, this lucid and engaging text guides business leaders, investors, investment banking professionals, corporate advisors, and consultants in grasping the challenges and opportunities created by China’s emerging mobile economy, and its debut on the global stage.The year of 2014-15 marks the most important inflection point in the history of the Internet in China. Almost overnight, the world’s largest digitally-connected middle class went both mobile and multi-screen (smart phone, tablets, laptops, and more), with huge implications for how consumers behave and what companies need to do to successfully compete. As next-generation mobile devices and services take off, China’s strength in this arena will transform it from a global “trend follower” to a “trend setter.”Understand what the digital transformation in China is, and impact on global capital markets, foreign investors, consumer companies, and the global economy as a whole.Explore the e-commerce consumption boom in the context of the Chinese market.Understand the implications of the multi-screen age and mobile Internet for China’s consumersSee how mobile Internet use, its focus on lifestyle and entertainment is aligned with today’s Chinese culture.Learn about the mobile entertainment habits of China’s millennial generation and the corresponding new advertisement approaches.The development of China’s mobile economy is one of the most important trends that will reshape the future of business, technology, and society both in China and the world. China's Mobile Economy introduces you to the digital transformation in China, and explains how this transformation has the potential to transform both China and the global consumer landscape. —John Wiley & Sons, Inc.{chop}

Why Ford’s Electric Push in China Might Get Grounded

Wall Street Journal
On Thursday Ford Motor announced its China-focused electric-car strategy, including new vehicles. Ford’s Chief Executive Mark Fields said the “time is right” for his company to beef up in China. It is playing catch-up, though.

China Should Learn the Golden Rule

Christopher Balding
Bloomberg
The truth is that Chinese companies looking to invest abroad are treated now—as they’ve been for years—far better than China treats foreign investors.

China’s Tencent Bought A 5 Percent Stake in Tesla

Johana Bhuiyan
Re/code
Tencent, a Chinese internet giant, is also an investor in Chinese ride-hail player Didi Chuxing.

Here’s What Happens to the Athletic Wear Industry When China Starts Going to the Gym

Marc Bain
Quartz
If the world’s big sportswear brands could invent a country with just the right mix of ingredients to fuel their businesses for years to come, it would look a lot like present-day China.

Airbnb’s Rivals in China Hold Hands in a Nervous New Market

Amie Tsang and Paul Mozur
New York Times
Airbnb sees big promise in China, where travel spending reached nearly $500 billion in 2015 thanks to a new generation of domestic tourists. On Wednesday in Shanghai, Airbnb unveiled a new Chinese name—Aibiying, which means “welcome each other with...

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. 

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

Surge in Offshore Yuan Borrowing Rate Suggests China Intervention

Saumya Vaishampayan and Lingling Wei
Wall Street Journal
Move by banks in Hong Kong market, likely at behest of PBOC, seems aimed at bets against yuan.

Volkswagen in Talks to Make Electric Cars in China

Rose Yu
Wall Street Journal
The German car maker has signed a memorandum of cooperation with China Anhui Jianghuai Automobile Co.

China’s Hunger for Steelmaking Coal Fuels Price Rally

Rhiannon Hoyle
Wall Street Journal
China is increasingly relying on coking-coal shipments from abroad due to a local shortage.

China’s Swoop on Boeing Supplier Points to Aluminum’s Future

Bloomberg
Alcoa Inc., an iconic U.S. producer for more than a century, has shuttered all but one smelter and plans to split itself in two.

Sinica Podcast

08.08.16

Clay Shirky on Tech and the Internet in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
The Internet expert and author of “Here Comes Everybody” gives his take on China's successes and challenges in the online world. In an hour-long conversation Shirky delves into the details and big-picture phenomena driving the globe’s largest...

China Exports Slide on Weak Demand

Mark Magnier
Wall Street Journal
Global uncertainty and headwinds continue to buffet the world’s second-largest economy.

Gig Economy Arrives in China (Officially); Ride-Sharing a Go

New York Times
A Cabinet document sets guidelines for registration, fares, employment of drivers and payments.

Apple’s China Problem Is That Local Phones are Good — and Cheap

Alex Webb
Bloomberg
Apple has lost market share to Huawei and Oppo.

Uber Backers Said to Push for Didi Truce in Costly China War

Alex Barinka, Eric Newcomer, and Lulu...
Bloomberg
Several institutional investors are pushing Uber to ink a partnership agreement with Didi Chuxing.

China Corn Shortages Loom Despite Bulging Silos

Lucy Hornby
Financial Times
Discontinuing a minimum price policy in March distorted global markets and packed expensive grain into state reserves.

Survey: Indian Firms Best, China Worst on Transparency

New York Times
The report highlighted the urgent need for big multinational companies to do more to fight corruption.

Netflix Eyes China as New Market

Fortune
Netflix is trying to counter slowing growth in the U.S. by moving into 130 new markets worldwide.

China Opens Door to Foreign Private-Equity Funds

Shen Hong
Wall Street Journal
Regulator says funds must raise money from domestic investors, invest in Chinese capital markets.

China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit

Elias Glenn
Reuters
China vows to contain any drastic changes in the capital market after the global panic....

After ‘Star Wars,’ Studios Ready to Battle for 2016 Chinese Film Slots

Patrick Frater
Variety
“Star Wars: The Force Awakens” will be the first Hollywood film to play in China in 2016.

Alibaba Film Chief Grants First Interview: What China Can Do for Hollywood

Patrick Brzeski
Hollywood Reporter
In her first sit-down since becoming Jack Ma's top global film exec, Zhang Wei reveals what China's web giant can offer Tinseltown...

China Box Office Hits $6.3 Billion for 2015, Marking 48 Percent Yearly Growth

Patrick Brzeski
Hollywood Reporter
Local Chinese films accounted for $3.7 billion (23.7 billion yuan), more than 59 percent of the total box office earnings for the year to date.

China Building World's Biggest Animal Cloning Factory

CBS News
The world's biggest animal cloning center is scheduled to open in the Chinese port city of Tianjin next year...

The Strange Case of 77 Blue-Collar Chinese Migrants That Kenya Is Calling “Cyber-Hackers”

Lily Kuo
Quartz
Their arrests are emblematic of a slowly brewing backlash against Chinese immigration to Africa.

Yes, China E-Commerce Is Huge

Andrea Fenn
Quartz
Here’s What Not To Do If You’re A Foreign Company Trying To Get in

China Box Office: 'Spectre' Has the Competition Shaken and Stirred

Abid Rahman
Hollywood Reporter
It took a while, but James Bond finally won over Chinese audiences as Spectre, the 24th film in the franchise.

Morgan Stanley: Here's What We Like in China

Leslie Shaffer
CNBC
China's economic slowdown isn't spooking Morgan Stanley, which has its eye on the mainland's "new economy."...

The BRICs are dead. Long live the BRICs!

Edward Hadas
Reuters
Brazil, Russia, India, China – BRIC.

Singles Day in China Draws New Suitors: Foreign Sellers

AMIE TSANG and CAO LI
New York Times
“Double 11 is a really big part of my calendar.”

Forget Black Friday and Cyber Monday: 100m hoppers Splash out on China's Singles' Day

Tom Phillips
Guardian
Last year 27,000 merchants joined and Alibaba’s sites grossed £6.1b.

China Is on Track to Surpass U.S. as World's Biggest Movie Market by 2017

Richard Verrier
Los Angeles Times
Despite the recent economic slowdown in China, the country's film market is growing even faster than anticipated...

China's First Innovative Drug Approved NDA in the U.S.

Shan Juan
China Daily
This is the first truly innovative drug manufactured in China that passes the audits of FDA and it is about to enter the NDA progress.

China Unveils Jetliner in Bid to Compete With Boeing, Airbus

Seattle Times
China is one of the biggest aviation markets but relies on Boeing and Airbus aircraft.

Mark Zuckerberg Courts China With Speech on People and Perseverance

OWEN GUO
New York Times
Mark Zuckerberg knows how to court Chinese users.

China's Xiaomi's Is Changing the U.S. Too

Clay Shirky
CNN
Xiaomi is the most important phone manufacturer you've never heard of...

China and Europe May Team Up to Snub TPP

Nyshka Chandran
CNBC
The world's largest trade deal in recent decades may wind up creating high school-esque cliques on the international stage...

What Does China Think of the TPP?

Shannon Tiezzi
Diplomat
China is taking a wait-and-see approach on the U.S.-led trade deal.

Enacting Cap-and-Trade Will Present Challenges Under China’s System

CHRIS BUCKLEY
New York Times
White House officials have lauded President Xi Jinping's anticipated promise of a national market for China in greenhouse gas quotas...

Let’s Face It, China Runs U.S. Monetary Policy Now

Rana Foroohar
Time
What’s happening in China right now has limited the ability of the Federal Reserve Bank to do what’s right for the American economy.

This Explains Why China Is Taking So Long to Reform Its Economic System

Yang Jiang
Washington Post
The new leadership is turning back to old measures to stimulate growth.

China Is Hoarding the World's Oil

Grant Smith
Bloomberg
Goldman Sachs says Chinese hoarding may avert $20 oil scenario.

China’s Fast Growing Film Industry

Bloomberg
The discussion on the expansion of the entertainment industry in China and differences between audiences in the U.S. and Asia

China Tries to Extract Pledge of Compliance From U.S. Tech Firms

PAUL MOZUR
New York Times
Beijing has summoned American tech companies to a forum in Seattle next week.

China Looks to Hollywood

Nina Huang
Diplomat
Chinese firms are stepping up their investments in Hollywood, to protect their own market share.

Conversation

07.02.15

How Much Does the Chinese Market Matter to the World?

Yukon Huang, Ira Kalish & more
China’s main market, reflected in the Shanghai Composite Index, has fallen 24 percent since June 12, losing $2.4 trillion in value. While many analysts are focused on the financial crisis in Greece, some are beginning to wonder if China's woes...

Buffett Bullish on China

Qian Ruisha
Global Times
Warren Buffett predicts a two-to-three-year boom in Mainland markets. 

Books

10.15.14

China’s Super Consumers

Savio Chan and Michael Zakkour
China has transformed itself from a feudal economy in the 19th century, to Mao and Communism in the 20th century, to the largest consumer market in the world by the early 21st century. China's Super Consumers explores the extraordinary birth of consumerism in China and explains who these super consumers are. China's Super Consumers offers an in-depth explanation of what's inside the minds of Chinese consumers and explores what they buy, where they buy, how they buy, and most importantly why they buy.The book is filled with real-world stories of the foreign and domestic companies, leading brands, and top executives who have succeeded in selling to this burgeoning marketplace. This remarkable book also takes you inside the boardrooms of the people who understand Chinese consumers and have had success in the Chinese market.A hands-on resource for succeeding in the Chinese marketplaceFilled with real-world stories of companies who have made an impact in ChinaDiscover what the Chinese consumer wants and how to deliver the goodsThis book is an invaluable resource for anyone who wants a clear understanding of how China's Super Consumers are changing the world and how to sell to them. —Wiley {chop}

Data Show Mixed Picture of China’s Economy

Mark Magnier
Wall Street Journal
China’s economy is struggling to find equilibrium, data released Friday shows, with government stimulus measures gaining traction last month while the vital housing market continues its swoon.

China Auto Sales Rise But Domestic Brands Lag

Joe McDonald
Sacramento Bee
Sales in the world's biggest auto market accelerated in May but domestic Chinese brands lagged and their market share shrank, an industry group reported Tuesday...

China Forces Four U.S. TV Shows Off Web

Paul Mozur
Wall Street Journal
'Big Bang Theory' and 'Good Wife' are among programs taken down from popular video streaming sites Sohu, Youku Tudou, and Tencent, as government control of the Internet and over foreign entertainment content intensifies...