China’s Reform Hopefuls Watch for Names. Only One May Matter.

Keith Bradsher
New York Times
A decade ago, this city in southeastern China had a reputation as one of the country’s grimmest, with smoggy skies, chronic traffic jams and streams so foul that they had to be paved over to contain the stench.

Move over, America. China Now Presents Itself as the Model ‘Blazing a New Trail’ for the World.

Simon Denyer
Washington Post
American presidents are fond of describing their nation as a “city on a hill” — a shining example for other nations to follow. But China is now officially in the business of styling itself as another polestar for the world, with a very different...

China to Debtors: Pay up or Be Shamed

Keith Bradsher and Ailin Tang
New York Times
Troubled by huge debts run up by big state companies and politically connected local governments, China is taking steps instead to go after the little guys.

China Invites Ivanka Trump and Jared Kushner to Visit Beijing

Bloomberg
Details of the possible trip by Ivanka Trump and Jared Kushner, both of whom have official jobs in the White House, were still under discussion, according to a U.S. official and a Chinese official who asked not to be identified. The visit may also...

Beijing Is Investigating Some of China’s Top Overseas Deal Makers

Wall Street Journal
China’s banking regulator is conducting a sweeping check on the borrowings of some of the country’s top overseas deal makers, according to people with knowledge of the matter, in one of the most forceful attempts yet to get a grip on runaway debt.

Xi Jinping to be ‘First Chinese President to Attend Davos Summit’

Li Jing
South China Morning Post
Trip has yet to be officially announced but preparations well underway for Chinese head of state’s visit to World Economic Forum in Switzerland

A China Economist Told Us How China Could Hurt the US in a Trade War

Business Insider
BI caught up with Gene Ma, IIF's Chief Economist, to ask him some questions about where the Chinese economy is going in the age of Trump...

Can China and Russia Co-operate in Central Asia?

Nyshka Chandran
CNBC
Moscow has traditionally been skeptical of Beijing's expanding influence in an area that it considers its own backyard...

How China’s Anti-Corruption Drive Is Hurting Growth

Katy Barnato
CNBC
Chinese authorities' anti-corruption campaign has knocked between 1 percent and 1.5 percent off the country's gross domestic product (GDP)...

China’s Xi Pledges $60 Billion for Africa Development Over Three Years

PATRICK MCGROARTY
Wall Street Journal
China’s trade with Africa grew to $222 billion last year, making it the continent’s top trade partner for the sixth straight year.

Sino-Indian Border Talks Not Enough to Defuse Tensions

Sarah Watson and John Chen
Diplomat
Unless India and China can take positive actions, they risk drifting into a growing conflict on their disputed border.

China's Xi In Zimbabwe To Sign Power, Infrastructure Deals

MACDONALD DZIRUTWE
Reuters
Chinese President Xi Jinping arrived in Zimbabwe on Tuesday, the first visit by a Chinese leader since 1996.

China-Africa Summit: What To Look For Beyond The Hype And Hypocrisy

JOHN J STREMLAU
Mail & Guardian
The Africa-China summit will provide an opportunity to see how the Chinese President is responding to democratic developments in Africa.

China’s Renminbi Is Approved as a Main World Currency

KEITH BRADSHER
New York Times
The I.M.F. decision will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power.

China Set to Pledge More Aid to Africa Ahead of Xi's Trip

SUI-LEE WEE
Reuters
China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month.

China’s Silk Road Fund Backs Another IPO of State Owned Firm

Kane Wu
Wall Street Journal
Fund is largest cornerstone investor in China Energy Engineering Corp’s up to US$1.96 billion IPO.

China and U.S. Say They’ve Made Strides in Trade Talks

Neil Gough
New York Times
The United States and China said that they had made progress on sticking points in trade.

Asia-Pacific Leaders See Trade as Solution to Economic, Security Troubles

TREFOR MOSS
Wall Street Journal
Leaders stay quiet on territorial disputes in South China Sea.

Meeting With Taiwan Reflects Limits of China’s Checkbook

AUSTIN RAMZY
New York Times
For the past eight years, the Chinese government has showered its former enemies in Taiwan with economic gifts.

3 Things Taiwan Wants From China

Mark Rivett-Carnac
Time
Here are three issues that are likely to be on the top of Ma’s agenda after seven decades without a face-to-face meeting.

Ailing Europe Looking for 'Chinese Medicine'

Michael Ivanovitch
CNBC
The Chinese have never seen so many European leaders beating their path to Beijing.

Criticism of the UK’s New Approach to China Is Misplaced

Rebecca Fabrizi
Diplomat
Wait for some evidence before assuming that only bad can come from good relations.

America’s Society Is Wealthier Than China’s – And It Doesn’t Matter

Christopher A. McNally and Denny Roy
Diplomat
The large gap in private wealth has limited significance.

Where Does Britain Draw the Line with Saudi Arabia and China?

Michael White
Guardian
UK economy needs the cash flowing in, but politicians should be wary of throwing out all principle in favour of business.

In the Race for Africa, India and China Aren’t All That Different

Lily Kuo
Quartz
During the third India-Africa Summit, Indian officials are working hard to differentiate their country from China.

Xi’s Visit to Britain Highlights Broader Shift in Concerns About China

STEVEN ERLANGER
New York Times
The visit to Britain by Xi Jinping is underscoring how European nations are de-emphasizing human rights and security concerns.

China Plans 2020 Deadline for Dismantling Capital Controls

Bloomberg
Top officials in the Communist Party will discuss pledging to “make the yuan convertible under the capital account"...

This Nuclear Power Deal With China Is One of the Maddest Ever Struck

Polly Toynbee
Guardian
The grand kowtow continues its humiliating progress today, but beggars can’t be choosers.

Britain 'Sucking up' to China Is a National Humiliation, Says PM's Former Adviser

Patrick Wintour
Guardian
Steve Hilton denounces lavish treatment of President Xi Jinping, saying UK should consider sanctions on China ‘not rolling out red carpet’.

Xi Jinping Visit: Chinese Leader Given Ceremonial Welcome

BBC
China's President Xi Jinping is receiving a ceremonial welcome by the Queen as he begins the first full day of his visit to the UK...

U.S. Allies See Trans-Pacific Partnership as a Check on China

Jane Perlez
New York Times
The Trans-Pacific Partnership trade deal was welcomed as a win for the United States in its contest with China for clout in Asia.

Japan's Abe Says TPP Would Have Strategic Significance If China Joined

Linda Sieg and Kaori Kaneko
Reuters
"It would contribute largely to our nation's security and Asia-Pacific regional stability, if China joined the system in the future."...

Trans-Pacific Trade Deal a Setback for China

Mark Magnier and Mitsuru Obe
Wall Street Journal
TPP marks a victory for Japan and other U.S. allies in the battle with China over shaping the future of global commerce.

China Surprises With 7% Growth in Second Quarter

Mark Magnier
Wall Street Journal
China’s growth remained at 7% in the second quarter, a level economists had thought would be hard to reach amid broad signs that Beijing’s policies to jump-start the economy hadn’t taken hold. 

Sinica Podcast

03.01.14

In Line Behind a Billion People

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
This week on Sinica, Kaiser and Jeremy are joined by Damien Ma, author of In Line Behind a Billion People, a new book for China-watchers looking at how China’s lack of affordable housing, its food and air pollution, and the country’s poor education...

Books

10.28.13

In Line Behind a Billion People

Damien Ma, William Adams
Nearly everything you know about China is wrong! Yes, within a decade, China will have the world’s largest economy. But that is the least important thing to know about China. In this enlightening book, two of the world’s leading China experts turn the conventional wisdom on its head, showing why China’s economic growth will constrain rather than empower it. Pioneering political analyst Damien Ma and global economist Bill Adams reveal why, having thirty-five years of ferocious economic growth, China’s future will be shaped by the same fundamental reality that has shaped it for millennia: scarcity.{node, 4231}Ma and Adams drill deep into Chinese society, illuminating all the scarcities that will limit its power and progress. Beyond scarcities of natural resources and public goods, they illuminate China’s persistent poverties of individual freedoms, cultural appeal, and ideological legitimacy—and the corrosive loss of values and beliefs amongst a growing middle class shackled by a parochial and inflexible political system. Everyone knows “the 21st century is China’s to lose”—but, as with so many things that “everyone knows,” that’s just wrong. Ma and Adams get beyond cheerleading and fearmongering to tell the complex truth about China today. This is a truth you need to hear—whether you’re an investor, business decision-maker, policymaker, or citizen. —Pearson{chop}