China Voice: Cooperation Prevails Over Confrontation in China-U.S. Ties

Xinhua
The dialogues will help pave the way for President Xi Jinping's state visit to the U.S. in September...

China’s Proposed Ivory Ban: Breakthrough or B.S.?

Eric Olander, Cobus van Staden & more
China’s surprise announcement that it will phase out the trade and manufacturing of ivory came as a rare piece of good news for Africa’s rapidly shrinking elephant population. While most major international wildlife groups welcomed Beijing’s new...

The $6.5 Trillion China Rally That’s Making Stock-Market History

Kyoungwha Kim
Bloomberg
 The sum is the value created in just 12 months of trading on Chinese stock exchanges, a rally some say has gone too far.

Americans Buy a Fifth of China’s Exports

Bloomberg
Americans bought almost $1 out of every $5 worth of goods that China exported in May, the highest share since August 2010.

Sale of High-Tech Battery Plants to China May Haunt Hillary Clinton

Todd Spangler
Detroit Free Press
@tsspangler http://www.freep.com/story/news/local/michigan/2015/06/05/clinton-sale-michigan-china-gop/28525387/

Media

05.20.15

China Liked TPP—Until U.S. Officials Opened Their Mouths

After a brief but frightening setback for proponents, U.S. congressional leaders looked set on May 13 to pass legislation for an eventual up-or-down (“fast-track”) vote on what would be one of the world’s largest trade accords, the U.S.-led Trans-...

Books

05.19.15

No Ordinary Disruption

Richard Dobbs, James Manyika, Jonathan Woetzel
Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges.The world not only feels different. The data tell us it is different. Based on years of research by the directors of the McKinsey Global Institute, No Ordinary Disruption: The Four Forces Breaking All the Trends is a timely and important analysis of how we need to reset our intuition as a result of four forces colliding and transforming the global economy: the rise of emerging markets; the accelerating impact of technology on the natural forces of market competition; an aging world population; and accelerating flows of trade, capital, and people.Our intuitions formed during a uniquely benign period for the world economy—often termed the Great Moderation. Asset prices were rising, cost of capital was falling, labor and resources were abundant, and generation after generation was growing up more prosperous than their parents.But the Great Moderation has gone. The cost of capital may rise. The price of everything from grain to steel may become more volatile. The world’s labor force could shrink. Individuals, particularly those with low job skills, are at risk of growing up poorer than their parents.What sets No Ordinary Disruption apart is depth of analysis combined with lively writing informed by surprising, memorable insights that enable us to quickly grasp the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China—Tianjin—will have a GDP equal to that of the Sweden, or that, in the decades ahead, half of the world’s economic growth will come from 440 cities including Kumasi in Ghana or Santa Carina in Brazil that most executives today would be hard-pressed to locate on a map.What we are now seeing is no ordinary disruption but the new facts of business life—facts that require executives and leaders at all levels to reset their operating assumptions and management intuition.—PublicAffairs{chop}

Indians From All Over China Are Flocking to Shanghai to Hear Their Prime Minister Speak

Rishi Iyengar
Time
More than 5,000 Indian expats are expected to attend an event on Saturday.

China Tilts Towards Liberal Latin American Economies

Lucy Hornby and Andres Schipani
Financial Times
China is promoting a Chinese-built, cross-Andes rail link that would allow Brazilian ore and soya to be shipped from Pacific ports in Peru to Asia.

The Sleeper Issue of 2016 Is China

Aaron L. Friedberg
Politico
Why are we so worried about the Islamic State when Beijing is the real challenge? 

China Malls Rise Amid Growing Xenophobia in South Africa

Cobus van Staden & Mingwei Huang
Chinese immigrants in South Africa have not been spared from the violent, anti-immigrant riots that have swept across Durban and Johannesburg, two of the country’s largest cities. There have been reports of injuries along with at least 40 business...

The U.S.-China Disconnect on Trade Deals

Bob Davis
Wall Street Journal
Obama cautions on Beijing’s rise as he pushes TPP at home; a look at key differences in how the U.S. and China approach trade expansion.

Caixin Media

04.28.15

Saudi Aramco’s Al-Falih on China Collaboration

Saudi Arabian Oil Company President and CEO Khalid A. Al-Falih has seen global oil prices rise and fall through at least six market cycles during his more than 30 years with the world’s largest crude producer and exporter.Al-Falih, 55, joined the...

Obama Presses Case for Asia Trade Deal, Warns Failure Would Benefit China

Gerald F. Seib
Wall Street Journal
President says anti-globalization sentiments from left and right ‘a big mistake’

China Manufacturing Gauge Falls to One-Year Low

William Kazer
Wall Street Journal
An initial gauge of China’s factory activity showed further weakness in April, defying government efforts to support the economy.

China Fines Daimler’s Mercedes-Benz for Price-Fixing

BBC
China is the world's No. 1 car market and foreign automakers have been under scrutiny for allegedly overcharging customers...

China Is Planning to Rebuild the Silk Road and Transform Global Trade Routes

Samuel Oakford
Vice News
China plans to build a modern version of the Silk Road through Pakistan and beyond.

Xi Says Increasingly Confident in China-Pakistan Ties

Xinhua
Xi called for focus on the China-Pakistan Economic Corridor, the Gwadar Port, energy, transport infrastructure, and industrial cooperation.

China’s One Belt, One Road Initiative

Jacob Stokes
Foreign Affairs
Beijing looks West toward Eurasian integration.

China’s Investing $46 B to Carve Route Through one of World’s Most Dangerous Regions

Lily Kuo
Quartz
Xi visiing Pakistan to sign energy and infrastructure deals for a corridor stretching to Xinjiang.

China Film Group Takes Role in Hollywood

Ben Fritz and Laurie Burkitt
Wall Street Journal
With a ten percent stake in ‘Furious 7’ China Film Group had, for the first time, an incentive to award an import a good release date.

IBM Venture With China Stirs Concerns

Paul Mozur
New York Times
IBM is running into Obama pressure to persuade Beijing to drop new measures that require American companies to hand over technology in exchange for market access.

BMW China Dealers Press Auto Maker for More Financial Support

Rose Yu and Colum Murphy
Wall Street Journal
In letter to German luxury car maker, dealers call on BMW to set more realistic sales targets.

China’s Biggest Chip Maker’s Possible Tie-Up With H-P Values Unit at Up to $5 Billion

Eva Dou
Wall Street Journal
Tsinghua Unigroup in talks to buy a controlling stake in Hewlett-Packard unit H3C Technologies.

Where Does Hillary Clinton Stand on China and Russia?

Steve Clemons
Atlantic
It's unclear how she would manage two of America's most important and complex relationships...

The Netflix of China Is Invading the US With Smartphones

Cade Metz
Wired
LeTV launched its Internet video streaming service three years before Netflix (2004 versus 2007). 

Hank Paulson: Economic Challenges, China — and the Birds

Susan Page
USA Today
Paulson says the United States needs a clear-eyed, coordinated, consistent approach to the formidable challenge from China.

China’s March Exports Shrink 15 Percent Year-on-Year in Shock Fall

Koh Gui Qing and Kevin Yao
Reuters
The tumble could heighten worries about how a rising yuan hurt demand for Chinese goods and services abroad.

Reports

04.09.15

Power Play: China’s Ultra High Voltage Technology and Global Standards

Paulson Institute
As a matter of government policy and corporate strategy, China has been intensifying its effort to set indigenous standards for homegrown ultra-high voltage (UHV) transmission technology. The country also aims to contribute to UHV standards...

The Politics of Banning Ivory in China

Eric Olander, Cobus van Staden & more
In February 2015, China announced a one-year ban on ivory imports. While many conservation groups such as the Environmental Investigation Agency denounced Beijing’s policy as “ineffective,” the San Francisco-based group WildAid said the ban is an...

Cameroon Highlights Pros and Cons of Chinese Infrastructure Development

Eric Olander, Cobus van Staden & more
When finished, the new deep-sea port in the southern Cameroonian city of Kribi will likely become a major gateway for all of Central Africa. This will be Cameroon’s only deep-sea port that can accommodate the larger inter-continental trading ships...

Foreign Non-Government Groups in China Fear Clampdown Under New Law

Sui-Lee Wee and Megha Rajagopalan
Reuters
The draft law stops NGOs violating "Chinese society's moral customs." ...

China Says Tech Firms Have Nothing to Fear From Anti-terror Law

Paul Carsten and Gerry Shih
Reuters
Obama this week said China would have to change the draft law if it were "to do business with the United States"...

China’s Xi to Make First State Visit to U.S. as Both Flag Problems

Peter Cooney, Ben Blanchard and Michael...
Reuters
The two biggest economies are trying to ease tension over trade, human rights, and accusations of hacking and Internet theft.

In China, Heavy Industry Unexpectedly Falls Sharply

Keith Bradsher
New York Times
The full scope of China’s economic weakness is obscured by limited data, as the country prepares for a weeklong holiday beginning Feb. 18.

Is China Preparing for Currency War?

William Pesek
Bloomberg
As China grapples with its slowest growth in 24 years, President Xi Jinping is under pressure to stimulate the economy.

The Trans-Pacific Partnership Can Help the U.S. Counter China’s Expansion

The Washington Post Editorial Board
Washington Post
We’ve faulted President Obama for his less-than-full-throated support of free-trade agreements that enjoy the nominal backing of his administration. There was no such cause for complaint about his State of the Union address Tuesday night, however,...

Environment

01.15.15

China-Latin America Summit ‘A Missed Opportunity’ on Low-Carbon Energy

The first major meeting of Chinese and Latin American leaders agreed closer cooperation on trade, investment, and industry, but is more likely to usher in deals on oil and gas rather than renewable energy, analysts said in response to a summit that...

Conversation

12.03.14

Can China Conquer the Internet?

David Bandurski, Jeremy Goldkorn & more
Lu Wei, China’s new Internet Czar, recently tried to get the world to agree to a model of information control designed by the Chinese Communist Party. Regular contributors comment below and we encourage readers to share their views on our Facebook...

Sinica Podcast

11.07.14

David Walker on China in the Australian Mind

Kaiser Kuo & Jeremy Goldkorn from Sinica Podcast
{vertical_photo_right}This week on Sinica, Kaiser and Jeremy are delighted to be joined by Professor David Walker, Chair of the Australian Studies department at Peking University and historian with a special focus on Australian immigration policies...

Towards an Asian Century of Prosperity

Xi Jinping
Hindu
The combination of the world’s factory and the world’s back office will produce the most competitive production base, writes Xi Jinping , President of China

Chinese Studio Huayi Brothers to Invest $130 Million in New U.S. Branch

Los Angeles Times
The leading Beijing based independent film production house didn’t say where its U.S. office might be or hint at the number of employees it expects to staff its operation. The plan still needs official Chinese approval.

Conversation

09.12.14

Is a Trade War with China Looming?

Arthur R. Kroeber & Donald Clarke
As Alibaba gets ready to sell shares on Wall Street, U.S. investors will be focused on Chinese companies getting a fair shake here in America even as some big U.S. brand names (Microsoft, Chrysler, et al) are being shaken down by China's newly...

China-Africa Trade May Be Booming, But Big Problems Loom

Eric Olander, Cobus van Staden & more
Trade between China and Africa will break another new record this year as it’s expected to top $200 billion. As trade continues to grow, officials from both regions frequently point to these figures as evidence of steadily improving ties. However,...

Heinz Recalls Four Batches of Infant Food in China

Sui-Lee Wee
Reuters
Heinz took action after food safety regulators in eastern Zhejiang province said they had found "excessive amounts of lead" in the company's AD Calcium Hi-Protein Cereal...

China’s Energetic Enforcement of Antitrust Rules Alarms Foreign Firms

Neil Gough, Chris Buckley, Nick...
New York Times
Chinese regulators appear to be energetically expanding enforcement of the antimonopoly law, and foreign companies fear that they could become easy targets.

Conversation

07.09.14

The U.S. and China Are At the Table: What’s At Stake?

William Adams & Zha Daojiong
U.S. Secretary of State John Kerry and Treasury Secretary Jack Lew are in Beijing this week for the sixth session of the high level bilateral diplomatic exchange known as the Strategic and Economic Dialogue. We asked contributors what's likely...

U.S. Pushes China to Give Ground on Technology Trade Deal

Krista Hughes
Reuters
The United States on Monday urged China to give ground on a deal to eliminate duties on billions of dollars of technology products and said it would use talks in Beijing later this week to push to restart negotiations.

Paramount Rushes for Beijing ‘Transformers’ Premiere Amid Dispute

Julie Makinen
Los Angeles Times
The studio was hit by claims of a product-placement deal gone sour.

China’s Henan Province Creating Jobs in US Hinterlands

Associated Press
Henan's Golden Dragon Precise Copper Tube Group opened a plant that will employ more than 300 in a county known less for job opportunities than for lakes filled with bass, pine forests rich with wild turkey and boar...

Foreign Direct Investment in China Declines

Liyan Qi & Richard Silk
Wall Street Journal
Foreign firms worry over arbitrary law enforcement, rising labor costs.

China’s Top Taiwan Official to Make First Visit to Island

Ben Blanchard and Michael Gold
Reuters
China’s top official in charge of relations with Taiwan will make his first visit to the island later this month, state media said, following large-scale protests there against a controversial trade pact.

State Firms Barred from Vietnam Contract Bids

Keira Lu Huang
South China Morning Post
Vietnamese and Chinese ships have been clashing since China set up an oil rig near disputed island in the South China Sea last month. Tensions over the move caused anti-China riots in Vietnam.

Iowa Signs Historical Cooperation Agreement With China

Lynn Hicks
Des Moines Register
Iowa’s economic ties with China deepened Thursday as the state signed a cooperation agreement with the Ministry of Commerce of the world’s second-largest economy.

China Threatens Security Checks for Tech Firms After U.S. Indictments

Christopher Buckley
New York Times
China will establish new procedures to assess potential security problems with Internet technology and services used by sectors “related to national security and the public interest.”

China Accuses U.S. of Hypocrisy Amid Charges of Economic Espionage

Massoud Hayoun
Al Jazeera
Unresolved allegations that the U.S. National Security Agency spied on a Chinese telecoms giant Huawei have resurfaced amid growing anger from Chinese officials over accusations that the PLA hacked American databases.

Bitcoin’s Status in China Not So Black-and-White

Paul Vigna and Michael J. Casey
Wall Street Journal
The Chinese government has disseminated what amounts to a “confidential” policy governing the digital currency, which has led to uneven enforcement.

Photo Gallery

04.09.14

Sunflower Protestors Open Up

Chien-min Chung
On March 18 some 200 Taiwanese, mostly college students, stormed the offices of Taiwan’s legislature, beginning a protest over a proposed trade agreement between the self-governed island and mainland China, which considers it a “renegade province.”...

Viewpoint

04.09.14

Why Taiwan’s Protestors Stuck It Out

John Tkacik
Some might say, “a half-million Taiwanese can’t be wrong.” That’s how many islanders descended upon their capital city, Taipei, on March 30 to shout their support for the several thousand students who have occupied the nation’s legislature for the...

Media

03.25.14

China, We Fear You

On March 18, thousands of students began a sit-in of Taiwan’s Legislative Yuan in the capital, Taipei, a historic first that has paralyzed the island’s lawmaking body. Students have amassed to protest an attempt by the Kuomintang, the island’s...