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Caixin Media

04.22.15

China’s Anti-Corruption Drive: Don’t Stop Now

Beijing’s fight against corruption is now two years old. Some significant results have been achieved, winning strong public support. But it’s becoming increasingly difficult to move the campaign forward.The general public and government officials...

Caixin Media

04.14.15

Bulldozing the Cadre Who Revamped Kunming

Warm, sunny Kunming brimmed with charm before Communist Party leader Qiu He brought an autocratic style of governance to town and spurred the urbanization campaign that preceded his downfall.Today, this historic city in southwestern China is a...

Caixin Media

04.06.15

Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal

A recent business dispute between a state-owned technology conglomerate and a private property developer has put a low-profile but powerful businessman in the spotlight. The businessman is believed to have brought down a former Beijing deputy mayor...

Caixin Media

03.30.15

Plan for Next Five Years Must Free Up Disposable Income

The government's 12th Five-Year Plan concludes this year, and work on drafting the 13th will begin soon.Which way will China turn? In its work report to legislators at the National People's Congress meeting in March, the government pledged...

Caixin Media

03.24.15

Kissinger: China, U.S. Must ‘Lead in Cooperation’

Henry Kissinger, the former U.S. Secretary of State and the architect of former president Richard Nixon's historic visit to China in 1972, has continued to influence the shaping of the two countries' relations and America's foreign...

Caixin Media

03.17.15

Chinese Businesses Eye Purchasing Power of LGBT Community

Chinese businesses are starting to show interest in the purchasing power of the lesbian, gay, bisexual, and transgender (LGBT) consumer market, often referred to as the “pink dollar,” a trend led by e-commerce giant Alibaba Group...

Caixin Media

03.10.15

China’s Factories Are Building a Robot Nation

Every day, two quality-control supervisors monitor four robots tirelessly assembling remote-control devices for home appliances at a Midea Group factory in Foshan, in the southern province of Guangdong.The robots recently replaced 14 workers on the...

Caixin Media

03.03.15

Can Market Mechanisms Clear China’s Air?

The Chinese government recently responded to rising public discontent over environmental degradation by introducing tougher rules for industrial emissions.Meanwhile, a non-governmental organization and a state-run newspaper are coordinating a...

Caixin Media

02.25.15

Apple Pay Stalled, Frustrated in China

The central bank, UnionPay bank card service, and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple Inc.'s effort to bring the Apple Pay no-card, no-cash payment system to iPhone users in China."Apple is seeking to...

Caixin Media

02.17.15

Prosperity, International Cooperation, Civil Rights Key to Defeating Terror

The global fight against terrorism has entered a new stage with the emergence of the Islamic State (IS), and the battle lines have never been so clearly drawn all over the world.On February 18, Washington will host the Summit on Countering Violent...

Caixin Media

02.09.15

In China, Quantum Communications Comes of Age

This may be a quantum leap year for an initiative that accelerates data transfers close to the speed of light with no hacking threats through so-called quantum communications technology.Within months, China plans to open the world's longest...

Caixin Media

02.03.15

Minsheng Bank President Resigns Amid Corruption Investigation

China Minsheng Banking Corp. said on January 31 that its president has resigned, shortly after people close to the matter said the Communist Party is investigating him for corruption.Minsheng said in a statement that Mao Xiaofeng had quit as...

Caixin Media

01.27.15

China Boots Up an Internet Banking Industry

Premier Li Keqiang recently launched a new era for banking in China by ceremonially pressing the "confirm" button for a 35,000 yuan loan issued to a Shenzhen truck driver.Li's gesture on January 4 on behalf of Shenzhen Qianhai WeBank...

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...

Caixin Media

01.12.15

China Turning Gray Over Pension Reform Stress

About 8,000 teachers in the northeastern city of Zhaodong stayed home for three days in November to protest an experimental pension scheme they called tantamount to a pay cut.The teachers claimed they'd been illegally forced to participate in...

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