Caixin Media

04.20.13

Bird Flu’s Latest Talons Force Fresh Defense

A surprise attack by a new strain of the bird flu virus has forced Chinese authorities into the trenches for a two-pronged defense against unseen enemies.The primary threat is the deadly virus that scientists identified as a new strain of H7N9. It...

Caixin Media

04.15.13

China Export Policy Chokes on Vitamin Verdict

Internet cafés covered by the city of Wuhan’s Internet Café Association agreed to set minimum prices for online access nearly a decade ago. And more than one hundred coking coal company-members of the Coke Association of Shanxi Province each agreed...

Caixin Media

04.15.13

Tencent Lets WeChat’s Rapid Growth Do the Talking

Tencent Holdings Ltd.’s free messaging service, WeChat, has seen its popularity grow among both individual users and businesses, even amid a dispute with the Big Three telecom operators [China Mobile, China Telecom, and China Unicom].Since launching...

Caixin Media

04.08.13

A Day in the Life of a Beijing “Black Guard”

After receiving his delayed wages, thirty-year-old Wang Jie decided to change professions.On March 7, he pressed a fingerprint onto a receipt that read: “Today I have received settlement of the 12,000 yuan in wages owed to me by Mr. Shao.”“Actually...

Caixin Media

04.01.13

Staking a New Claim on Internet Insurance

When three household brand names in China announced they would cooperate to form a company offering insurance services on the Internet, excitement naturally was the order of the day.Last year, Alibaba Group, Tencent Holdings, and Ping An Insurance...

Caixin Media

04.01.13

New Hands Take the Financial Regulation Wheel

Who’s steering China’s carefully managed financial system? Speculators were busy name-guessing before and for several months after the Communist Party’s 18th National Congress in November.Finally, the dust started to settle with formal appointments...

Caixin Media

03.23.13

China’s Economic Policymakers Turning a Page

Written into the script for China’s once-in-a-decade leadership shuffle, confirmed at the recently concluded National People’s Congress, are macroeconomic policies for the new government that plot a course for future growth.The policy book has...

Caixin Media

03.23.13

Achieving Real Progress in How Government Functions

After months of speculation, the reorganization of the State Council has finally been approved by the National People’s Congress.Under the shake-up, China’s rail business will no longer be managed by the regulator. Three national agencies will be...

Caixin Media

03.17.13

Ladders, Losers, and Direct-Marketing Schemes

A skin cream customer pays an extra fee and, voilà, instantly becomes a company representative with the right to sell cream and other products, as well as recruit more dealers.Eventually, she persuades other women to buy the cream and join the...

Caixin Media

03.16.13

Spin of a Crooked Record

Hundreds of villagers in Hebei province discovered they were victims of identity theft—and in demanding officials find the culprit, they became the recipients of harassment and legal bills. Instead of seeing a shakeout, the villagers watched...

Caixin Media

03.10.13

Finding IPO Alley

China’s IPO action has been locked in ice since October by China Securities Regulatory Commission (CSRC) officials intent on boosting investor confidence and improving scrutiny of stock market hopefuls.Yet the heat is on for aspiring executives at...

Caixin Media

03.09.13

Is Railway Reform Finally On Track?

Finally, it seems the railways ministry may soon be restructured as part of a wider exercise by the government to streamline its ministries. Putting railway reform on the agenda of this year’s meetings of the National People’s Congress and the...

Caixin Media

03.04.13

China’s Frills and Posh Market Springs a Leak

Imagine a luxury goods shopper so confident and flush with cash that one day he walks into a Shanghai handbag shop, flashes 300,000 yuan, and waltzes out with almost every bag in stock.That’s what happened last year at a Prada store where Benny Lu...

Caixin Media

03.02.13

Poison Eaters of Gansu Province

Barely any rainfall on a bone-dry landscape has always made crop farming in the province of Gansu a rough gamble between the sky and local irrigation policies. But now, farmers reap only sorrow from fields that experts say are severely contaminated...

Caixin Media

02.24.13

Dirty Business for China’s Internet Scrubbers

Flames of a public relations disaster were licking at the heels of a private equity firm when China’s most notorious Internet-scrubbing company rode to the rescue.Saving the Shenzhen-based firm’s image was not cheap, and it took more than two months...

Caixin Media

02.23.13

China’s 3D Printing: Not a Revolution—Yet

Engineers, inventors, and industrial futurists in China are setting sights on a new technological frontier as three-dimensional printing slowly revolutionizes manufacturing.A Beijing University research team, for example, has been working on what...

Caixin Media

02.04.13

Lights, Camera, Pending IPOs for Filmmakers

The cameras could be rolling soon for long-anticipated stock listings by the nation’s largest movie producer and foreign flick importer China Film Group, as well as a smaller but ambitious rival, Shanghai Film Group.The state-owned companies’ names...

Caixin Media

02.04.13

Defining the Chinese Dream

A new phase of Sino-American relations is poised to begin now that Xi Jinping has been confirmed as China’s next leader and Barack Obama re-elected U.S. president.In both countries, the debate about foreign policy options has been robust,...

Caixin Media

01.28.13

Cleaning Up China’s Secret Police Sleuthing

Wiretapping, email hacking, cell phone tracking, and secret videotaping are just a few of the cloak-and-dagger techniques long employed by police in the course of criminal investigations in China.But now, for the first time, new rules say that...

Caixin Media

01.26.13

Garden of Lost Children

It started with a baby that was left in the doorway of a hospital bathroom. Yuan Lihai took in the girl with a cleft lip while working at a Henan province hospital in 1989. At the department of gynecology and obstetrics, she was paid 20 yuan for...

Caixin Media

01.20.13

How to Implement the “Going Out” Strategy

Now is the right time for China to implement its global outreach strategy.While seizing this opportunity, we should also guard against risk first, with a sense of calmness. This means adhering to business decisions and sound operations, considering...

Caixin Media

01.19.13

Shandong’s Slippery Gutter Oil Man

It’s oil with an extra something, but there’s nothing virgin about it. Pumped from sewers outside restaurants and drained from dumpsters, it’s cooking oil born from waste both human and mechanical.Known in China as “gutter oil,” it’s commonly used...

Caixin Media

01.13.13

China Development Bank Cancels Loans for Ping An Deal

The Hong Kong branch of China Development Bank (CDB) has been ordered by its Beijing headquarters to cancel loans that would have been used to finance an acquisition involving the nation’s second-largest insurer, a bank source said.The source said...

Caixin Media

01.13.13

Police to Stop Camps This Year, Politburo Member Says

The notorious system that lets police send detainees to labor camps without trial will be halted this year, said Meng Jianzhu, secretary of the Central Politics and Law Commission, at a conference on January 7.Meng said the Communist Party’s Central...

Caixin Media

01.13.13

Shutter Labor Camp System for Good, Legal Experts Urge

Legal experts have called on the government to follow through with hints at abolishing the country’s notorious system of labor camps.On January 7, Politburo member Meng Jianzhu said at a top conference that the system would “cease to be used.” His...

Caixin Media

01.04.13

Twisted Tongues

China’s cultural progress in the year 2012 can be summed up with eight words: weibo (microblog), diaosi (commoners), yuanfangti (a Yuanfang-like inquiry), shejian (tip of the tongue), yangsheng (keeping fit), shisanchai (thirteen hairpins, from a...

Caixin Media

01.04.13

Why Are Entrepreneurs So Uneasy?

I’m often asked whether it’s more difficult for a Chinese company to survive now than it was in the 1980s, when I started my business. The two eras are indeed different. Many entrepreneurs with whom I shared the stage at awards ceremonies have since...

Caixin Media

12.28.12

Desperate Cash Infusions Driving Blood Trade

The tumor was growing, and the family of cancer patient Xia Jianqing was growing desperate.Doctors at a military hospital in Beijing had warned Xia’s family that he would die without the blood needed for a lifesaving operation. But the hospital had...

Caixin Media

12.28.12

Uncertain Future for Architectural Treasures

Nestled between mountains and a winding river in a scenic corner of Shanxi province is Zhongyang County, the home of an exquisite Confucian temple built during the Ming dynasty.The colorful wooden temple graced this idyllic valley for hundreds of...

Caixin Media

12.24.12

U.S.-China Auditing Spat Turns Ugly

The latest twist in a long-running dispute between Beijing and Washington securities regulators over Chinese audits is threatening to boot Chinese companies from America stock exchanges.The plot thickened on December 3, when the U.S. Securities and...

Caixin Media

12.21.12

When I Met Xi Jinping

I was informed in late November that the State Administration of Foreign Experts Affairs (SAFEA) had invited me to a whole-day meeting in Beijing to discuss my impressions of the 18th National Party Congress and give advice to the Chinese government...

Caixin Media

12.16.12

In Bo Xilai’s City, a Legacy of Backstabbing

A deathbed plea brought an unexpected guest to Li Zhuang’s home one day last March, setting in motion a legal process that soon may clear the Beijing lawyer’s name, throw out a number of convictions, and close a sordid chapter of the Bo Xilai story...

Caixin Media

12.16.12

Mobile Phones Souring Africa’s Image of China

Every day, about a dozen mobile phone wholesalers field orders and manufacturer offers from offices inside a nondescript, five-story building on Luthuli Avenue in downtown Nairobi.The building doesn’t look like a hub for global commerce, nor does it...

Caixin Media

12.07.12

Who Pays When a Wealth Product Fails?

A crowd of angry investors packed a Shanghai branch of Huaxia Bank on December 3 after they heard that the money wasn’t there for the first of four repayments for a 119 million-yuan wealth management plan. They demanded their money back from Huaxia...

Caixin Media

12.07.12

China’s Dream Team

Stephen S. Roach
The country’s recent leadership transition was widely depicted as a triumph for conservative hardliners and a setback for the cause of reform—a characterization that has deepened the gloominess that pervades Western perceptions of China.In fact,...

Caixin Media

12.03.12

Toxic Effects and Environmental Nondisclosure

High-profile talk emphasizing environmental action at the Communist Party’s 18th national congress attracted a lot of attention. News from the November proceedings spurred industry demands for more information and pushed stock prices higher for...

Caixin Media

12.03.12

When Hope Dies

A nationwide uproar paralleled the investigation that led to the identification of five street children who suffocated in a large rubbish bin in the city of Bijie, Guizhou province.Officials learned the victims were the sons of three brothers. The...

Caixin Media

11.26.12

When Tradition is Flattened by Policy

A “tomb-flattening policy” in Henan province has sparked intense controversy, with millions of tombs reportedly destroyed by local authorities in a quest to turn graveyards into farmland.The policy can be seen as a historical extension of land-...

Caixin Media

11.23.12

Asset Transparency Urged to Fight Government Graft

Calls for government officials to disclose personal and family assets are growing louder in China, mainly in reaction to the rising number of corruption cases affecting officialdom.And some officials are listening. A local Communist Party official...

Caixin Media

11.17.12

As 18th Congress Ends, a Peek into the Process

Over the past twenty years, economist Zhang Zhuoyuan has witnessed and actively participated in building the nation’s economic policy.He participated in the drafting of reports at each of the Communist Party’s three previous national congresses,...

Caixin Media

11.17.12

Political Reform: The Way to Go

Sections of the 18th National Party Congress report that have justifiably generated the most attention are references to political reform.Anyone who did not harbor unrealistic hopes about the congress and its outcome can read the report and find...

Caixin Media

11.12.12

Weighing Risks Amid a Wealth Management Boom

Is China’s wealth management business a booming profit volcano for investors, or just another smoke-and-mirrors pyramid scheme?It’s a question dividing the nation’s bankers and banking regulators as investors of all kinds pour cash into bank-...

Caixin Media

11.05.12

Scenes from a Leadership Transition

Jiang Zemin’s Lyrical MemoryCompiled by Caixin(Beijing)—A glance at off-hours correspondence between two veteran leaders has added a lighter dimension to the recent public appearances of former Politburo members in the run-up to the party’s 18th...

Caixin Media

11.05.12

Thanks, But No Thanks

On the last day of Zhao Xiang’s short life, her request to donate every organ possible to save the lives of others was brushed off by the president of Shenzhen Liulian Hospital.Zhao, her parents, and transplant specialists from the Shenzhen branch...

Caixin Media

11.02.12

18 Reforms for the Party’s 18th Congress

China’s leadership handover comes at a critical moment for society and the economy, and changes are in order.The 18th National Congress of the Communist Party this month comes at a critical time described by economist Wu Jinglian as “a tipping...

Caixin Media

10.26.12

Below-Belt Blows in Kungfu Restaurant Battle

The crestfallen former chairman of fast-food restaurant giant Kungfu Catering Management Co. Ltd. is awaiting a verdict after a trial on corporate embezzlement charges apparently instigated by his former business partner’s wife.If Cai Dabiao is...

Caixin Media

10.19.12

Flying Splinters

Liu Futang expressed a sense of foreboding just before his recent arrest by posting a microblog entry that began, “If one day I’m invited out for tea, please don’t worry about me.”“Drink tea” is a euphemism in China for an unwanted interrogation by...

Caixin Media

10.19.12

Tapping into Crowd Power with Website Finance

Investing like an angel now costs no more than an average duck dinner in Beijing.The force driving China’s growing ranks of small-scale angel investors are crowdfunding websites, which offer individuals access to business financing pools for as...

Caixin Media

10.12.12

Bo Xilai as a Catalyst for Political Reform

No matter how you look at it, the disciplinary process surrounding the case of Bo Xilai will have historic implications.Details of the crimes committed by Bo, his wife, Bogu Kailai, and his former right-hand man, Wang Lijun, reflect a level of...

Caixin Media

09.28.12

Bo Xilai Ousted from Communist Party

The Communist Party has expelled Bo Xilai, the former party chief of Chongqing, who’s been embroiled in corruption allegations since early this year.The Politburo made the decision on September 28, the official Xinhua News Agency said. Bo will next...

Caixin Media

09.28.12

Living on Dangerous Ground

Fractures had long plagued the rocky mountainside next to Huang Daihong’s home. When an earthquake jolted Luozehe County in Yunnan province, Huang watched a large black boulder release a shower of stones that instantly killed her neighbor.The...

Caixin Media

09.26.12

After Panjin Killing, Public Deserves to Know

There is growing public skepticism about the veracity of a government report detailing a demolition-related incident in Panjin, Liaoning province, during which a police officer killed a villager for allegedly threatening his life.Questions revolve...

Caixin Media

09.20.12

Hit TV Show Sings Song of Media Model Success

A reality-talent TV songfest popular in more than forty countries around the world has become an instant hit in China, underpinning enthusiasm for an experimental business model linked to media sector reform.The Voice of China’s debut show in July...

Caixin Media

09.17.12

How a Protest in Beijing Stuck to the Script

On the afternoon of September 16, rows of policemen and security personnel in black T-shirts lined Beijing’s Liangmaqiao Road near the Japanese embassy during protests over the Diaoyu Islands controversy. Security guards were visible everywhere,...

Caixin Media

09.16.12

No Excuse for the Excuses Officials Hand Us

Putting the right spin on one’s words is a science, and civil servants with fiduciary responsibility have to master this subject. It helps to shift blame to someone else; a child, a spouse, or a convenient foreigner will do.Several weeks ago Yang...

Caixin Media

09.14.12

Why War is Not a Possibility

There won’t be a war in East Asia.The United States has five military alliances in the western Pacific. Its allies are South Korea, Japan, Thailand, the Philippines, and Singapore. And American battleships are busy patrolling the seas.Without a go-...

Caixin Media

09.14.12

Moneyless Pensions Yield No Gold for the Old

SHENYANG—Morning breezes turn chilly in late August, signaling fall’s approach in the Tiexi factory district.For the unemployed men and women standing on sidewalks between a labor bureau office and a park every day at 6 a.m., the change of seasons...

Caixin Media

09.07.12

Local Governments Bet Big on New Investment

They’re still hung over from a 4 trillion yuan spending spree initiated by the central government nearly four years ago, but local governments across China are pressing ahead anyway with huge new investment plans.In late August, for example, the...

Caixin Media

09.07.12

Despite Regulations, Bus Travel Still Risky

Thirty-six people died recently on a Shaanxi province highway when a double-decker bus slammed into a fuel tanker.The crash underscored ongoing demands for beefing up traffic law enforcement and improving the design of these often-crowded overnight...

Caixin Media

09.07.12

Long Ride for Justice

Lea Cao had his first inkling that something was wrong when he got a long-distance phone call from relatives in southeastern China.His family members in Fuzhou phoned Cao in New York to say that his parents and brother had failed to arrive at the...