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...
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...
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...
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...
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...
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 was...
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...
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...
Baby Hatch Programs Struggle to Cope With Number of Infants With Birth Defects
Giving birth to her first baby granted Zheng Yuling no happiness, but instead brought pain and sadness. The seriously ill girl died hours after birth, and Zheng’s husband, Chen Dafu, was arrested on suspicion he abandoned the newborn.
In Praise of Hu Feng
Hu Feng (1902-85) is a name that most students of P.R.C. history have undoubtedly encountered at one time or another. I remember reading it for the first time years ago in Jonathan Spence’s “The Search for Modern China.” It stuck in my...
Nephew of Disgraced Official Ling Jihua Involved in Tangled Web of Businesses
The investigations into Ling Jihua, Vice Chairman of the Chinese People’s Political Consultative Conference, and his two brothers, Ling Zhengce and Ling Wancheng, have shed light on a powerful family that had a grip on both government...
Wild Stock Market Is Detrimental to Reform Efforts
Chinese leaders’ pledge to strengthen risk control at last week’s Central Economic Work Conference could not be more timely, given the frenzied exuberance in the stock market. In a statement released after three days of meetings, the...
China, Russia Near Deal for Wide-Body Aircraft
Russian and Chinese aircraft manufacturers are preparing to cooperate to help China meet soaring demand for new jumbo jets without kowtowing to industry heavyweights Airbus and Boeing.
Sacked Deputy Reform Commissioner Gets Life in Jail for Graft
A former deputy head of the National Development and Reform Commission (NDRC) has been sentenced to life in prison for taking 35.6 million yuan (U.S.$5.8 million) in bribes between 2002 and 2012, according to a microblog post from a...
With New Fund, China Hits a Silk Road Stride
China’s ambitious plan to expand trade links westward into Central Asia in the spirit of the ancient Silk Road is taking shape now that the government has decided to shift foreign currency into a special fund.The State Council will tap the...