China's Soccer Push Puts a Storied Team under Murky Ownership

SuiI-Lee Wee & Ryan McMorrow &...
New York Times
When the Chinese businessman Li Yonghong bought A.C. Milan, the world-famous Italian soccer club, virtually nobody in Italy had heard of him.

Chinese Investors Are Stealthily Pouring Money into India

CNBC
If you go by official Indian government figures, Chinese direct investments into the country this century hit a paltry $1.6 billion in March 2017.

Amazon to Sell Part of Its Cloud Business in China

Wall Street Journal
Wall Street Journal
Amazon.com Inc. said it would sell computing equipment used for its cloud services in China to its local partner, Beijing Sinnet Technology Co., in a move analysts said underscores the increasingly chilly atmosphere for foreign companies here.

Chinese Investment is Reshaping Africa’s Manufacturing Sector

Eric Olander, Cobus van Staden & more
Author Irene Yuan Sun argues in her new book that Africa is poised to become the world’s next manufacturing hub, boosted by Chinese investment and production expertise. With costs steadily rising in the People’s Republic of China, more and more...

Apec Summit: Trump and Xi Offer Competing Visions for Trade

BBC
US President Donald Trump and his Chinese counterpart Xi Jinping have set out starkly different visions for the future of global trade in speeches at a summit in Vietnam.

These Are the 37 Major Deals US Firms Signed with Chinese Entities during Trump's Visit

CNBC
The Commerce Department has revealed the 37 major deals signed between U.S. and Chinese companies during President Donald Trump's trip through Asia, totaling more than $250 billion...

Bitcoin Proves Hard to Kill in China

Gabriel Wildau
Financial Times
Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.

Conversation

11.02.17

Trump Goes to Asia

Ely Ratner, David Dollar & more
Chinese officials like to talk about practicing “win-win” diplomacy. Their American counterparts sometime joke that this means China wins twice. From November 3 to November 14, Donald Trump will visit Japan, South Korea, Vietnam, the Philippines,...

Tesla Strikes Deal with Shanghai to Build Factory in China

Tim Higgins, Trefor Moss, and Eva Dou
Wall Street Journal
Electric-car maker Tesla Inc. has reached an agreement to set up its own manufacturing facility in Shanghai, according to people briefed on the plan, a move that could help the company gain traction in China’s fast-growing EV market.

China Shuts Down Tens of Thousands of Factories in Unprecedented Pollution Crackdown

Rob Schmitz
NPR
In the gritty industrial town of Yiwu, workers prepare jeans to be dyed in a vivid range of colors.Two months ago, this factory — and this entire city, located in China's eastern province of Zhejiang — was a much quieter place. Inspection crews...

China Lifts Ban on Stinky Cheese

Tamar Lapin
New York Post
Authorities imposed the embargo in September because the stinky cheeses were made with strains of bacteria banned in China.

China's Skewed Sex Ratio Makes President Xi's Job a Lot Harder

Quartz
As odd as it sounds, China’s economic policy is being held hostage by its heavily skewed sex ratio.

China’s "Rogue Aid" to Africa Isn't as Much or as Controversial as We Thought

Lily Kuo
Quartz
A decade ago, a New York Times columnist coined the term “rogue aid” to describe China’s financial assistance in the developing world: nontransparent, nondemocratic, and above all self-interested. Since then, the label has stuck.

Viewpoint

10.17.17

Stein Ringen: ‘The Truth About China’

Stein Ringen
Democracies have found it difficult to deal with the great dictatorships. So now with China. The first difficulty is to recognize just what we are up against, and to avoid wishful thinking.In his first five years, Xi Jinping has reshaped the Chinese...

How China's Financial Cracks Could Spread

Aaron Back
Wall Street Journal
Can financial turmoil in China play havoc with the rest of the world? It has already happened.

China’s Huawei Could Overtake Apple This Year in Smartphones, Top Analyst Says

Arjun Kharpal
CNBC
In the second quarter of this year, Huawei held a 11.3 percent market share, shipping 38.5 million units, IDC data show. Apple meanwhile shipped 41 million iPhones and had a 12 percent market share in the same period.

In China, Trading Begins on WeChat

Lianting Tu and Carrie Hong
Bloomberg
Regulators elsewhere may be clamping down on the financial industry’s use of private messaging apps, but in the world’s second-largest economy the practice is flourishing.

China Seeks Dominance of Global AI Industry

Louise Lucas
Financial Times
While the National Science Foundation in the US has no increase in funding this year, China has promised to “vigorously use governmental and social capital” to dominate the industry.

China's Pollution Crackdown Is Gaining Momentum

Bloomberg News
Bloomberg
That political will overlaps with an economic need to rein in surplus production of steel, aluminum and other basic materials after years of over-investment. How and when that capacity gets replaced will be a key factor in the economy’s performance...

Conversation

10.16.17

What to Watch at China’s Party Congress

Ho-fung Hung, Taisu Zhang & more
The Chinese Communist Party’s 19th Party Congress, a hugely important political meeting usually held once every five years, will begin on October 18 in Beijing. Like many events involving China’s ruling party, the most important decisions and...

China September Exports up 8.1%, Imports up 18.7% as Trade with North Korea Slides

CNBC
China reported strong trade data on Friday just days ahead of a major Communist Party Congress.

China’s Tightening Grip on Tech Giants: DealBook Briefing

Amie Tsang and Michael J. de la Merced
New York Times
If the Chinese government goes through with a plan to gain board seats at some of its country’s top technology players, will that cause problems when those companies go hunting for deals overseas?

Video

10.11.17

The Town at the Heart of China’s Black Market in Ivory

from Environmental Investigation Agency
Last year, in response to mounting criticism for its key role in the steep decline in the world’s elephant population, China announced that it would ban ivory trading and shutter all of the country’s 177 licensed ivory processing companies and...

China Treats Its Foreign Aid Like a State Secret. New Research Aims to Reveal It.

Adam Taylor
Washington Post
Since the turn of the century, China has become an unavoidable global provider of foreign assistance, funding everything from opera houses in Algeria to tobacco farms in Zimbabwe.

China Hastens the World toward an Electric-Car Future

Keith Bradsher
New York Times
There is a powerful reason that automakers worldwide are speeding up their efforts to develop electric vehicles — and that reason is China.

While U.S. Moves toward Coal, China Bets Big on Solar

Ben Tracy
CBS News
In southern China, the country flipped the switch on the world's largest floating solar installation - built on top of a lake created by an abandoned coal mine. Projects like these helped China double its solar capacity last year. It is now...

‘Blade Runner 2049’ Secures China Release Date (Exclusive)

Patrick Brzeski
Hollywood Reporter
A disappointing North American debut has placed added pressure on the major Asian territories where the film has yet to open, led by the massive China market.

Breakingviews - China's Oil Giants Brace for Electric Car Crash

Katrina Hamlin
Reuters
China’s push into new energy vehicles (NEVs) – including battery-powered and hybrid cars – could curb demand for black gold. Sinopec and PetroChina will be hardest hit. The policy will also add to downward pressure on global crude prices.

Accelerating Fintech in China

Joshua Bateman
TechCrunch
China’s expeditious adoption of fintech is generating profits not only for startups, but also the companies investing in them. Sitting in the headquarters of FinPlus, a fintech venture capital firm and accelerator, its CEO, Mosso Lau, said, “There...

This Year's Oscar Contenders from China, Hong Kong, and Taiwan Are the Perfect Lens into the Places They're From

Josh Horwitz
Quartz
The Oscar nominations coming from Taiwan, Hong Kong, and China have not attracted much buzz internationally, but each region’s submission touches on issues in that capture the ambitions, desires, and insecurities of its people. Taken as a trio, they...

New Documentary Portrays Nuanced View of Africans’ Experience Living in China

Eric Olander, Cobus van Staden & more
When filmmakers Zhang Yong, Hodan Abdi, and Fu Dong set out to make a new documentary on the African migrant experience in China, they were determined to ensure that their own voices and experiences came through in the story. Until now, most if not...

Conversation

10.06.17

Is China the Future of Bitcoin, or Its Past?

Andrew Collier, Isaac Mao & more
China often dominates the market for Bitcoin, a virtual currency managed by a decentralized network of computers: at points over the last few years, China may have accounted for more than 75 percent of Bitcoin trading. Energy subsidies there make it...

Chinese Theaters Are Shortchanging U.S. Film Studios, MPAA Audit Finds

Daniel Miller
Los Angeles Times
Some Chinese theaters are shortchanging U.S. film studios whose movies are shown in the world’s most populous country, according to a person familiar with an audit conducted by the Motion Picture Assn. of America.

Ivanka Trump’s Business in China Shrouded in Secrecy as Public Trade Data Disappears

Erika Kinetz
Independent
It is no secret that the bulk of Ivanka Trump's merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an Associated Press investigation has found...

In China, Cryptocurrency Sales Persist in the Shadows

Chuin-Wei Yap
Wall Street Journal
Three days after Chinese regulators outlawed cryptocurrency fundraising in early September, a woman met with half a dozen individuals at a Beijing golf club to pitch a digital-currency investment opportunity.

The Curious Career Paths of China's Public-Sector Bosses

Tom Mitchell
Financial Times
The official heroes of China’s state-sector reform program range from dedicated anti-graft investigators, who have purged dozens of allegedly corrupt executives over recent years, to strategically minded administrators determined to create a stable...

Exclusive: One Ford, Two Systems - U.S. Carmaker Revamps China Strategy amid EV Push

Norihiko Shirouzu, Joseph White
Reuters
U.S. automaker Ford Motor Co (F.N) is overhauling its China plans as its global “One Ford” strategy is holding it back in the world’s biggest auto market, two high-ranking company insiders told Reuters.

As Sanctions Bite, North Korean Workers Leave Chinese Border Hub

Philip Wen
Reuters
Almost 100,000 overseas workers, based predominantly in China and Russia, funnel some $500 million in wages a year to help finance the North Korean regime, the U.S. government says.

China Accused of Flooding Europe with Cheap E-Bikes

Ivana Kottasová
CNN
Imports of Chinese e-bikes to Europe have increased from almost zero in 2010 to an estimated 800,000 in 2017, according to the European Bicycle Manufacturers Association. The industry group has had enough: It filed a complaint with the European...

China Steps up Battle Against Runaway Property Prices

Xinning Liu and Gabriel Wildau
Financial Times
Chinese banking regulators have told lenders to crack down on the use of consumer loans to finance home purchases, the latest effort to cool down the overheated property market and rein in financial risk.

The New Generation of Chinese Collectors Shaking up the Art World

Oliver Giles
CNN
Michael Xufu Huang is hard to miss. In March of this year, the Chinese art collector turned heads at a Guggenheim party by showing up in a white leather jumpsuit. A week later, he swept through the VIP opening of Art Basel in Hong Kong in a powder-...

Media

09.29.17

Trump on China

In the run-up to and during his race toward the presidency of the United States, Donald Trump made frequent statements about China, its people, and the government in Beijing, in remarks that ranged from effusive praise to outright attack, and which...

China Gives Carmakers More Time in Biggest Electric-Vehicle Plan

Bloomberg
China unveiled a comprehensive set of emission rules and delayed a credit-score program tied to the production of electric cars, giving automakers more time to prepare for the phasing out of fossil-fuel powered vehicles.

China to Shut down North Korean Companies

BBC
China has told North Korean companies operating in its territory to close down as it implements United Nations sanctions against the reclusive state.

China Leads the March of Women Learning Business

Emily Feng
Financial Times
In her early 20s Cindy Mi preferred long pencil skirts and severe blazers. She was managing her family education business and she projected authority by dressing conservatively.

Books

09.27.17

Cracking the China Conundrum

Yukon Huang
China’s rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China’s economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China’s major economic, political, and foreign policy issues.Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China’s economy. He examines arguments about the causes and effects of China’s possible debt and property market bubbles, trade and investment relations with the West, the links between corruption and political liberalization in a growing economy, and Beijing’s more assertive foreign policies. Huang explains that such misconceptions arise in part because China’s economic system is unprecedented in many ways—namely because it’s driven by both the market and state—which complicates the task of designing accurate and adaptable analysis and research. Further, China’s size, regional diversity, and uniquely decentralized administrative system pose difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China’s economic state accurately.This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China’s economic environment. —Oxford University Press{chop}Related Reading:“What the West Gets Wrong About China’s Economy,” Yukon Huang, Foreign Affairs, September 14, 2017“Challenging Conventional Wisdom,” Chen Weihua, China Daily, April 28, 2017“Cracking China’s Debt Conundrum,” Yukon Huang, Financial Times, December 6, 2016“Despite Slower Growth, China’s Economy Is Undergoing Major Changes,” NPR Interview with Yukon Huang, January 19, 2016

China's ‘Teapot’ Oil Refiners Feel the Heat as Competition Grows

Anjli Raval and Neil Hume
Financial Times
China’s independent oil refiners face an uphill struggle as excess capacity in the sector and slower demand for fuel creates a tougher trading environment, a top executive has warned.

Conversation

09.27.17

How are NGOs in China Faring under the New Law?

Holly Snape, Anthony Saich & more
In September 2016, Beijing implemented a new law governing charities, which changed the ways domestic charitable organizations can register and fundraise. Then in January 2017, Beijing began implementation of a new law on the management of foreign...

China Considers Rule Change That Could Aid Tesla

Trefor Moss and Eva Dou
Wall Street Journal
The move could pave the way for Tesla Inc. to manufacture vehicles in China.

As China Piles on Debt, Consumers Seek a Piece of the Action

Keith Bradsher and Ailin Tang
New York Times
Chinese central bank data shows that consumer loans have grown almost 50 percent since the start of last year, and the International Monetary Fund said it expected China’s household debt as a percentage of its economic output to double by 2022...

Ice Hockey Makes Push to Help China Get Its Skates On

Christian Shepherd, Pei Li
Reuters
The corralling of such resources behind the latest attempt by a major league to tap into the country’s huge market reflects how keen Beijing is to develop interest in the NHL and how much effort will be needed to make China an ice hockey country.

Media

09.23.17

The German Edition of the Falun Gong-Affiliated ‘Epoch Times’ Aligns with the Far Right

Bethany Allen-Ebrahimian
On the eve of the German election Sunday, it’s no surprise that Russian state-funded media outlets are attacking German Chancellor Angela Merkel, sensationalizing migrant violence, and providing conciliatory coverage of far-right groups. Russia,...

S&P Downgrades China, Says Rising Debt Is Stoking Economic, Financial Risks

Elias Glenn
Reuters
S&P’s one-notch downgrade to A+ from AA- comes as Beijing grapples with the challenges of containing financial risks stemming from years of credit-fueled stimulus to meet ambitious government economic growth targets.

Before Wisconsin, Foxconn Vowed Big Spending in Brazil. Few Jobs Have Come.

David Barboza
New York Times
Before the Taiwanese manufacturing giant Foxconn pledged to spend $10 billion and create 13,000 jobs in Wisconsin, the company made a similar promise of 100,000 jobs in Brazil. Six years later, Brazil is still waiting for most of those jobs to...

BYD Predicts Ambitious China Shift to Electric Cars by 2030

David Stanway
Reuters
All vehicles in the country will be “electrified” by 2030, which could range from full electric cars to mild hybrids, Chinese automaker BYD Chairman Wang Chuanfu said on Thursday. BYD, backed by Warren Buffett, has already invested heavily in the...

Fame Academy, the Chinese College Offering Classes in How to Become an Internet Celebrity

Liu Zhen
South China Morning Post
Chongqing Institute of Engineering has already enrolled 19 students, mainly female, to be taught about how to present themselves online to attract viewers and translate fame into profit.

Trump's Threats Loom as China Weighs Opening to Wall Street, Tesla

Bloomberg News
Bloomberg
Coincidence or not, China appears set to ease restrictions on foreign automakers and banks amid sustained pressure from U.S. President Donald Trump to open up its economy.

China's Pollution Crackdown Shakes up Iron Ore Traders

Neil Hume
Financial Times
Over the summer, price differentials between high and low grade iron ore have intensified amid a government-led crackdown on pollution and outdated steelmaking capacity. That has caught many traders on the hop and left some nursing nasty losses from...

The Timing May Be Right for Facebook to Enter China next Year, Analyst Predicts

Evelyn Cheng
CNBC
A Mizuho report pointed out that Beijing tends to lessen its media scrutiny during an administration's second term, and Facebook may have “an opening” after Xi Jinping begins his second five-year term in November...

China Considers Lifting Foreign EV Cap in Free Trade Zones

Bloomberg
China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision of a fundamental principle governing the country’s auto industry policy since the 1990s, according...