breadcrumb

  • Reporting & Opinion
  • Caixin Media
Page View

Caixin Media

Caixin Media

08.22.16

What’s Next for Uber and Didi in China?

New regulations and a blockbuster merger between the industry’s largest players are reshaping the business landscape for China’s car-hailing app companies.And the landscape is widening as car-hailing companies, including Didi Chuxing Technology Co...

Caixin Media

08.09.16

China's New 'Bad Loan' Managers: Savvy Saviors or Riskier than Ever?

As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions...

Caixin Media

08.02.16

Revival, Resistance for National Pension Push

Bridging the “regional divide” that separates affluent and less affluent areas is a main goal as the central government revives a stalled effort to form a nationwide pension system.The State Council, China’s cabinet, laid the groundwork for a...

Caixin Media

07.27.16

New Territory For Financial Oversight Reform

An intense battle for control of China’s largest, publicly traded developer China Vanke Co. has exposed flaws in the nation’s financial supervision system that demand urgent attention.Vanke management and Baoneng Group, a property and insurance...

Caixin Media

07.19.16

Killer Knotweed Exposes Dangers of Traditional Chinese Medicine

Amid rising public concerns about side-effects of traditional Chinese medicines, or TCM, following the death of a young woman who died of liver failure last year, a government-backed medical association has started compiling a database of substances...

Caixin Media

07.14.16

Business Strategies for China’s Brewing Crisis

Not a single, modern-day entrepreneur or investor in China has had to experience a substantial and painful economic slowdown, let alone a recession. The reason is simple: Since the nation’s reform and opening campaign began in 1978, China has never...

Caixin Media

06.30.16

Chinese Investment in Euro Soccer Soars to Meet President’s Goals

Chinese companies are buying soccer teams across Europe, echoing the Beijing government’s ambitious plan to turn the nation into a soccer powerhouse.The powerhouse plan, which has backing from President Xi Jinping, has led to nine deals inked by...

Caixin Media

06.24.16

China Has a Plan to Clean Up Its Soil But No Way to Pay For It

The 231-clause, 13,000-Chinese character action plan for Soil Pollution Prevention and Control was released May 31 by the State Council, China’s cabinet, after undergoing some 50 draft revisions over the previous three years.The final version was...

Caixin Media

06.21.16

Mother’s Fight to Exonerate Executed Son Highlights Gaping Holes in Justice System

More than two decades after a young man in the northern province of Hebei was executed for the alleged rape and murder of a woman, his mother is anxiously awaiting a retrial to clear his name.Zhang Huanzhi’s only son, Nie Shubin, was executed in...

Caixin Media

06.15.16

Middle Class Chinese Flock to International High Schools, Eyeing College Abroad

A decade earlier, less than 4 percent of graduates from a popular high school in Beijing, known for high quality teachers who groomed students for elite universities, left to study abroad each year.The majority chose to pursue their higher studies...

Caixin Media

06.06.16

Uncertain Future for China’s Market Status Bid

It’s been 15 years since China joined the World Trade Organization, and yet China is still waiting for the WTO to grant it market economy status. During this period, some Chinese businesses have expanded overseas while others have been accused of...

Caixin Media

06.03.16

Bearing Witness to the China Story

Sheila Melvin
In 1993, Fritz Hoffmann was a young American photojournalist ready for a new adventure. He had honed his picture-making skills while hitchhiking across the Pacific Northwest, harvesting crabs in Alaska, and working at newspapers in West Virginia and...

Caixin Media

05.25.16

Search Giant Baidu Shuts Online Literature Forums to Stamp Out Piracy

Internet giant Baidu said May 23, it would gradually take down discussion forums on literature from its popular online bulletin board service to remove content suspected of infringing upon intellectual property rights.China’s biggest search engine...

Caixin Media

05.17.16

Government Forces Big Pharma to Swallow a Bitter Pill

China’s latest round of healthcare market controls could be a bitter pill for multinational pharmaceutical companies that now, after years of what some call easy profits, are adapting to a tougher business climate.The National Health and Family...

Caixin Media

05.09.16

Yao Ming’s Biggest Game: Hoops Reform in China

Retired basketball superstar and Shanghai Sharks team owner Yao Ming is finding efforts to reform China’s professional sports environment a lot tougher than a slam dunk.The former Houston Rockets center, who hung up his high tops in 2011, is trying...

Caixin Media

04.18.16

Chinese Electric Vehicle Manufacturer BYD’s Image Hurt by Scandal Involving Dealer’s Suicide

China’s largest electric vehicle manufacturer, BYD Auto Co., is under intense scrutiny following the death of a Nanjing auto dealer who accused the company of bilking a government subsidy program and a Caixin probe suggesting the charge may have...

Caixin Media

04.12.16

Chinese Telecoms Gear Maker ZTE Fighting U.S. Export Ban

The second-largest maker of telecoms gear in China is scrambling to get off a U.S. export blacklist that threatens to dry up supplies of critical components.“The investigations are still in progress, and may result in criminal and civil liabilities...

Caixin Media

04.05.16

No Point in Ramping Up Personal Debt to Help Property Market

Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been...

Caixin Media

04.01.16

China’s Rural Youngsters Drop Out of School at Alarming Rate

Like many other teenagers in his village in the mountains of the northwestern province of Shaanxi, Chen Youliang decided to quit school early so he could follow in the footsteps of his migrant worker parents and find a job in a big city.Chen, who...

Caixin Media

03.23.16

Fall of Shanghai’s Utilities Chief Unravels Web of Corruption

A graft probe into the head of a state-run utilities firm in Shanghai put investigators on the trail of two top local government officials, people with knowledge of the matter say.Feng Jun, the former general manager of State Grid Shanghai Electric...

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...

Caixin Media

02.29.16

Former Energy Official Says Police Tortured Him into Confessing

A former deputy director of National Energy Administration (NEA) on trial for taking bribes has pleaded not guilty because he says the charges are based on a false confession that was extracted via torture and intimidation, according to a person who...

Caixin Media

02.24.16

Regulators Leave Wealth Management Industry Unplugged

Financial market supervisors admit that gaping holes pockmark the regulatory fences they’ve built in recent years to control the wealth management industry and protect its investors.By occasionally introducing new rules and regulations, supervisors...

Caixin Media

02.19.16

Central Bank Governor on Reforming the Exchange Rate, Adopting a Digital Currency

Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other topics...

Caixin Media

02.01.16

Tough Times call for Tougher Reform Push

Beijing has has done a good job in terms of industrializing the country but will face unprecedented challenges when dealing with a service-driven economy.

Caixin Media

01.26.16

How Serial Killers Terrorized China’s Disorganized Elder Care Industry

The 45-year-old caregiver was calm on the witness stand, but her words were jarring. He Tiandai admitted during her murder trial that she killed a 70-year-old woman she cared for by poisoning her soup with sleeping pills and pesticide, injecting her...

Caixin Media

01.19.16

Why China Doesn’t Publish Fatal Train Crash Data

Disputes between the two agencies running the trains in China over how to classify and publish details on fatal railroad incidents has kept reports on some fatal accidents last year from surfacing, people close to the matter say. Several employees...

Caixin Media

01.04.16

How a Beijing Traffic Cop Lined His Pockets

After rising from beat cop to Beijing traffic manager, Song Jianguo used his position to trade favors for nearly 24 million yuan in cash and gold

Caixin Media

12.14.15

Lack of Clear Policy Direction on Two-Child Rule Leaves Nation Guessing

Regional family-planning officials say the lack of clarity on when the new two-child rule will come into effect has put them in legal limbo, unable to issue birth permits to couples who conceive a second child before the new policy kicks in, leading...

Caixin Media

12.09.15

Progress for NGOs Battling Polluters in Court

Two environmental groups have become the first non-governmental organizations (NGOs) in China to win a lawsuit that champions nationwide battles against polluters on behalf of the public. A court in Nanping, a city in the southeastern province of...

Caixin Media

12.02.15

Zhang Zhixin: The Woman who Took on the ‘Gang of Four’

Sheila Melvin
Next year marks the 50th anniversary of the start of the Cultural Revolution (1966-1976). The desire not to dwell on that tumultuous decade, after half a century has passed, is understandable, but the failure to reflect on its impact, offer a full...

Caixin Media

11.24.15

China Eyes More Muscle for Market Supervision

Strengthening the People’s Bank of China’s regulatory clout is high on a list of suggestions for improving financial market oversight following last summer’s stock market crash.As supporters of the plan see it, no government institution is in a...

Caixin Media

11.18.15

Government Enlists NGOs to Help Homeless

Drivers roll up car windows as an autumn wind chills a traffic-clogged overpass in western Beijing’s Liuliqiao area. And under the concrete overpass, homeless people are gathering for a chilly night’s rest after wandering city streets.Among the...

Caixin Media

11.10.15

Mao’s ‘Proud Poplar’: Yang Kaihui

Sheila Melvin
Yang Kaihui—who was killed 85 years ago this month—was the first of Mao Zedong’s three freely chosen wives. (Mao was forced by his parents to wed an older neighbor when he was just 14 but did not consider this a true marriage.) Yang’s dramatic, and...

Caixin Media

10.27.15

Does the Punishment Fit the Corruption?

After Chen Bokui, the deputy head of a government advisory body in the central province of Hubei, was convicted of taking 2.8 million yuan in bribes by a court in the eastern province of Fujian in April, he received a somewhat stiff sentence—17...

Caixin Media

10.23.15

Hemingway's Literary Escape

Sheila Melvin
One noonday in 2002, a friendly acquaintance of mine—I’ll call him Q—left his office in a Beijing concert hall to go to lunch and never returned. After a series of inquiries, his wife and colleagues learned that he had been arrested. Various charges...

Caixin Media

10.20.15

Moving 2 Million People for Beijing’s Urban Reset

Nearly 2 million Beijing residents will be moved to the city’s outlying districts from the center by 2020 as part of a massive urban revamp designed to better control people, traffic, and smog.The movers include up to 1 million government workers...

Caixin Media

10.13.15

Insider Trading Is Hindering Development of Stock Market

A series of investigations into apparent market violations emerged after the recent stock market turmoil, bringing down Zhang Yujun, an assistant chairman at the China Securities Regulatory Commission (CSRC); Cheng Boming, general manager of CITIC...

Caixin Media

10.06.15

Authorities Should Do More to Protect China’s Lawyers

A Communist Party group led by General Secretary Xi Jinping that was established to spearhead reform efforts finished a document on September 15 addressing the plight of lawyers. A day later, top judicial authorities, including the Supreme People...

Caixin Media

09.28.15

Xi and Obama Should Make a BIT Breakthrough

President Xi Jinping has begun his first state visit to the United States to meet U.S. President Barack Obama in what state councilor and former foreign minister Yang Jiechi has called “a pivotal meeting at a critical time.”Xi arrived in the United...

Caixin Media

09.22.15

Chinese Contractor Finds Project in Bahamas Is No Day at Beach

A giant luxury resort planned on a beach outside the Bahamas’ capital, Nassau, that is supposed to be a showpiece to help China’s largest construction company tap the U.S. market has become a headache for both its builder and a lender.The resort was...

Caixin Media

09.15.15

Stock Market Volatility Is Not a Harbinger of Collapsing Growth

It would be a sad end to an amazing story. An economic miracle—one that lifted 300 million people from poverty and shifted the world's economic center of gravity—collapsing under the weight of risky investments and a financial crisis.This seems...

Caixin Media

09.08.15

Amnesty As a Stepping Stone to Rule of Law

A recent amnesty declaration affecting convicted criminals deemed no threat to society was a poignant reminder of China’s tradition of prudent punishment, support for human rights, and progress toward of rule of law.The recent decision by the...

Caixin Media

09.01.15

Quantum Computing and Alibaba’s Leap of Faith

Building a quantum computer that processes data at speeds trillions of times faster than the world’s fastest computer, China’s supercomputer Tianhe-2, is the goal of a potentially game-changing venture launched by Alibaba Group Holding Ltd. and the...

Caixin Media

08.24.15

How to Solve China’s Currency Parity Puzzle?

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

Caixin Media

08.18.15

Official Stonewalling on Tianjin Explosions Sparks Outcry

While victims of the Tianjin explosions are still waiting to be told why their loved ones died or, how safe it is to go outside, officials remained evasive in the sixth press conference regarding the disaster.In response to a question from a Caixin...

Caixin Media

08.11.15

Auditors Probe Sinopec, Savvy Broker in Angola

Government auditors are taking a closer look at U.S.$10 billion worth of offshore oil investments by state-run China Petroleum & Chemical Corp. (Sinopec) that owe their existence to a Hong Kong businessman with a flair for networking in the...

Caixin Media

08.03.15

Villain or Hero for Stock Market Saga?

An obscure equities-trading finance agency that brokers often slighted in favor of bank loans has suddenly taken center stage in the drama playing out in the stock market.But reviews are mixed over whether the four-year-old, quasi-governmental China...

Caixin Media

07.27.15

Tech Takeoff Lifts Drone Industry to New Heights

A tech evolution and falling production costs have allowed drones to make the flight off military bases and Hollywood production lots to the hands of ordinary people and government agencies.It has become routine to see these small unmanned aerial...

Caixin Media

07.20.15

How Beijing Intervened to Save China’s Stocks

Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock markets hung in the balance.They’d been summoned on a day off to the Beijing office of the China...

Caixin Media

07.14.15

Uber CEO Enjoying a Fast China Ride

Demand for cross-town transportation is at the heart of an urban lifestyle that is defining modern China. It is also giving the American car-hire service Uber Technologies Inc. an incredible ride.Few are enjoying the ride more than Uber CEO Travis...

Caixin Media

07.08.15

Coming Home

More Chinese students headed abroad for university studies last year, but many of those returning for work expressed disappointment not only about their pay, but also about the types of companies employing them.A subsidiary of Beijing New Oriental...

Caixin Media

06.30.15

Tesla’s Ambitious Quest for Traction in China

Tesla Motors chief executive Elon Musk was mobbed like a pop star last year while introducing Chinese consumers to his U.S. company’s Model S electric car.Amid the frenzy, the American billionaire-entrepreneur ambitiously predicted China would...

Caixin Media

06.22.15

Why Fukuyama Still Beats a Drum for Democracy

American author and political scientist Francis Fukuyama has long extolled the virtues of democracy against the backdrop of the Soviet Union’s collapse and the end of the Cold War.Fukuyama’s best-selling book The End of History and the Last Man...

Caixin Media

06.17.15

Is China Knocking on Deflation’s Door?

China’s last war against deflation was waged in 1998, the year the nation’s consumer price index and producer price index suddenly plunged in tandem.The central government responded by launching economic and administrative reforms, hastening steps...

Caixin Media

06.09.15

China’s Cabinet Unveils Plan to Improve Rural Schools

The State Council has released a plan for improving the quality of education in rural areas over the next five years—a move the cabinet says is aimed at improving the quality of teaching at primary and secondary schools in the country’s less-...

Caixin Media

06.04.15

China Uses Drones to Monitor Pollution Problems from Above

China’s environmental regulators want to increase the use of drones watching pollution levels, supplementing the existing monitoring system.In the central city of Wuhan, drones were sent to urban areas to inspect emissions from chimneys that are...

Caixin Media

06.02.15

The South China Sea Is a Litmus Test for Sino-U.S. Relations

American officials were recently quoted in The Wall Street Journal as saying the U.S. military will send warships and fighter jets to the South China Sea as a show of its concern over maritime safety. They said U.S. warships would come within 12...

Caixin Media

05.26.15

Time for Reform Advocates to Step to the Fore

As the reform of China’s economy and society deepens, attention is turning to the people tasked with the job of spearheading and carrying out change. Thus, it was gratifying to hear the call by President Xi Jinping, made at the 12th meeting of the...

Caixin Media

05.19.15

Why Xinjiang’s Economy Is Sputtering

It has been almost one year since a terrorist bombing in Urumqi, the capital of the Xinjiang region, shocked the nation and brought economic woes and social conflicts in the largely Uighur-populated area into the spotlight again.I arrived by train...

Pages