U.S.-China Economic Relations—What Will the Next...
JONATHAN LANDRETH, ORVILLE SCHELL, PATRICK CHOVANECOn Monday, within hours of the announcement that Chinese President Xi Jinping will meet U.S. President Barack Obama on a visit to California on June 7-8, Tung Chee-hwa, the former Chief Executive and President of the Executive Council of Hong Kong, introduced former U.S....
Errors of Aggression Catch up with Underwriter
CAIXINPing An Securities Co. has been slapped with a fine by the securities regulator and will lose its stock underwriting license for three months because of its sloppy work in underwriting the initial public offering of a company that turned out to be a fraud.This is not the first...
China: What’s Going Right?
MICHAEL ZHAO, JAMES FALLOWS, ORVILLE SCHELL (& authors)Michael Zhao:On a recent trip to China, meeting mostly with former colleagues at the Chinese Academy of Sciences, I got a dose of optimism and hope for one aspect of the motherland. In terms of science, or laying down a solid foundation for better science to come, things are...
Why Can’t China Make Its Food Safe?—Or Can It?
ALEX WANG, JOHN C. BALZANO, ISABEL HILTON (& authors)The month my wife and I moved to Beijing in 2004, I saw a bag of oatmeal at our local grocery store prominently labeled: “NOT POLLUTED!” How funny that this would be a selling point, we thought.But 7 years later as we prepared to return to the US, what was once a joke had...
Competitors Try Curbing China Mobile’s 4G Urge
CAIXINThe wireless Internet technology race is intensifying a longstanding rivalry between China’s largest mobile phone operator, China Mobile, and its smaller competitors China Telecom and China Unicom.Since 2011, China Mobile customers in fifteen cities nationwide have been...
Cracking Down on Bond Market’s Knotty Traders
CAIXINIt was a typical workday morning at Wanjia Asset Management Co. in Shanghai’s downtown financial district, but the firm’s star bond trader Zou Yu was not at his desk.Zou, 31, had mysteriously failed to report for his job as head of Wanjia’s fixed-income department. And his...
Hollywood in China—What’s the Price of Admission?
JONATHAN LANDRETH, YING ZHU, JEREMY GOLDKORN (& authors)Last week, DreamWorks Animation (DWA), the Hollywood studio behind the worldwide blockbuster Kung Fu Panda films, announced that it will cooperate with the China Film Group (CFG) on an animated feature called Tibet Code, an adventure story based on a series of recent Chinese...
How Fast Is China’s Slowdown Coming, and What Should...
PATRICK CHOVANEC, BARRY NAUGHTON, DAMIEN MASlower Chinese GDP growth is not a bad thing if it’s happening for the right reasons. But it’s not happening for the right reasons.Instead of reining in credit to try to curb over-investment, Chinese authorities have allowed a renewed explosion in credit in an effort to fuel...
Why is China Still Messing with the Foreign Press?
ANDREW J. NATHAN, ISABEL HILTON, JONATHAN LANDRETH (& authors)To those raised in the Marxist tradition, nothing in the media happens by accident. In China, the flagship newspapers are still the “throat and tongue” of the ruling party, and their work is directed by the Party’s Propaganda Department. That’s the first...
China Export Policy Chokes on Vitamin Verdict
CAIXINInternet 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 in 2005 to cut production...
Tencent Lets WeChat’s Rapid Growth Do the Talking
CAIXINTencent 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 in January 2011, WeChat, the...
From the Dragon’s Mouth
ANA FUENTESFrom The Dragon’s Mouth: Ten True Stories that Unveil the Real China is an exquisitely intimate look into the China of the 21st century as seen through the eyes of its people. This is one of the rare times a book combines the voices of everyday Chinese people from so many...