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

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...

Caixin Media

05.12.15

The Urgency of Continuing with Reform

Concern about the middle-income trap has grabbed public attention again. The minister of finance, Lou Jiwei, recently said at Tsinghua University that China had a “50-50 chance” of sliding into it in the next five to 10 years. However, many...

Caixin Media

05.05.15

A Byronic Hero for China’s Supremo

A little known vignette about Xi Jinping’s fondness for Song Jiang, a fictional hero in the 14th century classic novel The Water Margin, gives a peek into the private thoughts of China’s most powerful man. For someone born with a red spoon in his...

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...

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...

Caixin Media

01.09.15

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.Their baby...

Caixin Media

01.06.15

In Praise of Hu Feng

Sheila Melvin
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...

Caixin Media

12.30.14

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 resources...

Caixin Media

12.22.14

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...

Caixin Media

12.15.14

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.Aviation industry officials on the sidelines of the recent Zhuhai...

Caixin Media

12.11.14

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 Langfang court...

Caixin Media

12.09.14

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...

Caixin Media

12.02.14

Clearing the Air With a Sino-U.S. Climate Pact

A long-anticipated, Sino-U.S. agreement aimed at curbing greenhouse gas emissions was announced on November 12 at the Asia-Pacific Economic Cooperation meeting in Beijing.The deal marked a surprise turn toward compromise for the world's largest...

Caixin Media

11.24.14

At Factory Waste Ponds, Fumes Choke Fantasies

Deep in the Tengger Desert, near a community of cattle herders about 700 kilometers west of Beijing, pipes from a complex of coal processing and chemical factories once spewed slimy wastewater into six ponds.The "evaporation ponds" were...

Caixin Media

11.17.14

Visa and MasterCard Confront China’s Stacked Deck

Visa and MasterCard executives eager to expand in China were thrilled recently when Premier Li Keqiang seemed to suggest that a door would open to them for bank card yuan business in the country.But they had read Li wrong: The premier's...

Caixin Media

11.10.14

Popular Mental Health Treatment Has No Benefits, Experts Say

A widely used and expensive mental illness treatment that many patients have turned to for help is in the spotlight due to suggestions it offers little help.A college student name Xiaolei and his father travelled more than 500 kilometers from the...

Caixin Media

11.04.14

Cai Jinyong: A Chinese Voice at the Top of the IFC

Three top executives serving in recent years at the World Bank and its emerging markets financing arm International Finance Corp. (IFC) have called China home.Economist Cai Jinyong became the fourth in October 2012, when he was named IFC's...

Caixin Media

10.27.14

Rise and Fall of a Coal Boomtown

Some 187 kilometers west of Taiyuan, capital of the northern province of Shanxi, the city of Luliang is located on the dry and gullied Loess Plateau in the upper and middle reaches of the Yellow River.The city, which covers 21,143 square kilometers...

Caixin Media

10.21.14

Revision of Securities Law Is Chance to Liberalize Market

China's securities law is to undergo a comprehensive revision almost a decade after the last major overhaul. Public consultation is due to start in the first half of next year, following recent comments from officials, scholars, and market...

Caixin Media

10.14.14

Sounds of Distinction

Sheila Melvin
The Peking Opera star Mei Lanfang (1894-1961) is generally acknowledged to have been the greatest performer of female dan roles in the history of his art. He was also a renowned theatrical innovator whose performance style is carried on as the...

Caixin Media

10.06.14

Lost in Translation

Is selective translation of news articles from the foreign media more insidious than no translation at all? The debate was sparked by a garbled translation of the cover story of the Economist headlined "What Does China Want?"In a...

Caixin Media

09.22.14

Nudging China Toward Governance Reform

Three recent items of news deserve attention. First, revisions to the budget law were passed late last month. Second, in a speech this month marking the 60th anniversary of the founding of the National People's Congress, Party General Secretary...

Caixin Media

09.16.14

Grappling with Ammonia in China’s Haze

Chicken farmers and auto designers follow different career paths, but soon both may be changing how they do their jobs as part of a campaign to clean up China's polluted air.Emissions from poultry waste and auto engines alike can contain...

Caixin Media

09.08.14

Gaokao, China’s National College Exam, to Carry Less Weight

The Ministry of Education announced reforms on September 4 that will lessen the weight that the gaokao, the country's national college entrance exam, carries for university enrollment. The changes are to come into effect by 2020.The...

Caixin Media

09.03.14

Beijing Must Address Claims of Anti-Foreign Bias

Once mocked as a “toothless tiger,” China’s anti-monopoly law is finally demonstrating some bite, six years after it took effect.The three agencies responsible for enforcing it—the National Development and Reform Commission (NDRC), the Ministry of...

Caixin Media

08.25.14

His Start in Oil Fuelled Zhou’s Rise to Top Cop

Zhou Yongkang, a former member of the Politburo Standing Committee, the Communist Party's supreme decision-making body, has been the highest ranking Party cadre to be a target of a corruption investigation.The Party's graft fighters...

Caixin Media

08.19.14

A Chinese Town’s Imported Cambodian Brides

It is a hot and sticky midsummer day in a small village along the Chang River in the eastern province of Jiangxi. The most popular spot is in front of the local grocery where a few women are playing mahjong as children chase each other around...

Caixin Media

08.12.14

How Tianjin’s Top Cop Built Web of Corruption Over 40 Years

The fall of the public security chief, Wu Changshun, of the northern port city of Tianjin has rocked the local public security system and shed light on the graft network cultivated by Wu over 40 years.The Central Discipline Inspection Commission (...

Caixin Media

08.05.14

Top One Percent Has One-Third of China’s Wealth

A recent academic report on wealth inequality in China shows that the top one percent of households holds one-third of total assets, while the bottom fourth holds only one percent.The report, published by a research institute in Peking University,...

Caixin Media

07.31.14

Ex-Politburo Members Accused of ‘Serious Discipline Violations’ Always Face Courts

After much speculation, the axe has finally fallen on Zhou Yongkang, the former public security chief and member of the Politburo Standing Committee, indicating the Communist Party’s campaign against corruption will grant no exceptions to the...

Caixin Media

07.22.14

Stability the Watchword for Progress in China

Chinese diplomacy has had a busy few months, with numerous visits abroad by leaders and a constant stream of foreign leaders coming to the country.Amid the flurry of activity, two meetings were particularly noteworthy: the sixth U.S.-China Strategic...

Caixin Media

07.15.14

Silencing a Health Reformer’s Voice

Dr. Liao Xinbo is struggling to square his enormous popularity and thirst for healthcare reform with a recent demotion that, in his words, marked the culmination of his frustrated work life.Liao served as Deputy Director of the Guangdong Province...

Caixin Media

07.08.14

Hard Choices for Family Planners and Parents

The technocrats in charge of China's one-child policy have the power to force sterilizations, abortions, and intra-uterine device (IUD) implants, as well as punish uncooperative parents by denying them jobs, denying their children schooling,...

Caixin Media

07.01.14

China Pulling the Plug on Foreign Mainframes

E-commerce companies and banks in China are scrapping hardware and uninstalling software for mainframe servers made by American suppliers in favor of homegrown brands said to be safe, advanced, and a lot less expensive.The movement has taken special...

Caixin Media

06.24.14

Top Political Advisor Investigated for Graft

A vice chairman of the country's top political advisory body is being investigated for "serious violations of discipline," the Communist Party's anti-graft fighter says.The Central Discipline Inspection Commission (CDIC) did not...