Hollywood Conducting First Independent Audit of China's Box Office

Patrick Brzeski
Hollywood Reporter
After years of U.S. studio concerns over a lack of transparency and possible ticket fraud, Hollywood is getting a closer look at the Chinese industry's books...

China Jails Workers from Crown Resorts of Australia in Message to Casinos

New York Times
A court in Shanghai on Monday sentenced three Australian employees of Crown Resorts to less than a year in prison each for illegally promoting gambling in China. Including the time they have already spent in prison, all three should be released in...

Coal on the Rise in China, US, India after Major 2016 Drop

ABC
The world’s biggest coal users — China, the United States and India — have boosted coal mining in 2017, in an abrupt departure from last year’s record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change...

China Southern Air to Raise up to $1.9 Billion in Share Issue for Aircraft Purchase, Capital Boost

Reuters
China’s largest airline by passenger numbers said 7.8 billion yuan of the proceeds will be used to acquire 41 aircraft, and the selection and installation of lightweight seats for its A320 series aircraft.

In China, Xi Jinping’s New Mega City Xiongan Is Expanding Underground

South China Morning Post
Chinese geologists are examining subterranean conditions of Xiong, Rongcheng and Anxin counties, which will become a new district to rival special economic zones such as Shenzhen and Pudong in Shanghai, in the hope of building structures under the...

China’s Mistress-Dispellers

New Yorker
How the economic boom and deep gender inequality have created a new industry.

Uganda: President Cancels $175 Million Mining Project

Yasiin Mugerwa
President Museveni has stopped a multi-billion copper mining project with a Chinese company at Kilembe Mines following information that a former minister pocketed a $1m bribe to influence the deal.

Unless China Changes Tack, India Won’t Be the Only Country Opposing One Belt, One Road

Harsh V Pant
Quartz
India said about OBOR that “no country can accept a project that ignores its core concerns on sovereignty and territorial integrity.”

Why I'm Building a Network of 10,000 Elite Scholars Who Understand China

Steve Schwarzman
CNBC
By 2007 China had become a critical player on the world's stage but few people had a deep understanding of the cultural values and traditions that underpin that nation's business, political and everyday life...

China's Government Tightens Its Grip On Golf, Shuts Down Courses

Rob Schmitz
NPR
By 2004, many of China's hundreds of golf courses were found to be built on valuable farmland through corrupt land deals...

Xi Jinping Is Set for a Big Gamble With China’s Carbon Trading Market

Chris Bukcley
New York Times
The start of China’s carbon trading market late this year has been years in the making, but is now shaping up as Mr. Xi’s big policy retort to Mr. Trump’s decision to quit the Paris accord.

Big China Companies Targeted over ‘Systemic Risk’

Financial Times
China’s bank regulator ordered domestic lenders to check the “systemic risk” presented by “some large enterprises” involved in overseas buying sprees, sending stock prices of some of the country’s most acquisitive private-sector companies sharply...

China Invites Ivanka Trump and Jared Kushner to Visit Beijing

Bloomberg
Details of the possible trip by Ivanka Trump and Jared Kushner, both of whom have official jobs in the White House, were still under discussion, according to a U.S. official and a Chinese official who asked not to be identified. The visit may also...

China Is Trying to Pull Middle East Countries into Its Version of NATO

Washington Post
The Shanghai Cooperation Organization (SCO) held annual summit last week in Kazakhstan, and the most significant outcome was the announcement that India and Pakistan became its first new members since being formed in 2001.

Beijing Is Investigating Some of China’s Top Overseas Deal Makers

Wall Street Journal
China’s banking regulator is conducting a sweeping check on the borrowings of some of the country’s top overseas deal makers, according to people with knowledge of the matter, in one of the most forceful attempts yet to get a grip on runaway debt.

China Takeover Tycoons' Cash Wall

David Fickling
Bloomberg
These firms' engine isn't profit-making drudge-work selling goods but the art of persuading financiers...

Media

06.21.17

American Universities in China: Free Speech Bastions or Threats to Academic Freedom?

Eric Fish from Asia Blog
In 1986, Johns Hopkins University opened a study center in Nanjing University, making it the first American institution of higher education allowed to establish a physical presence in China during the Communist era. Since then, dozens of other...

China’s Trump Honeymoon: Unexpected, and at Risk of Ending

Steven Lee Myers
New York Times
Mr. Trump’s assertion that China had failed to pressure North Korea into curbing its nuclear and ballistic missile program means that Beijing must now confront the prospect of a stormier relationship ahead — not just over North Korea but also...

China Shares Get MSCI Nod in Landmark Moment for Beijing

Dion Rabouin, Michelle Price
Reuters
U.S. index provider MSCI said on Wednesday Hong Kong time it would add a selection of China's so-called "A" shares to its Emerging Markets Index .MSCIEF after having rejected them for three years running...

Books

06.20.17

Shadow Banking and the Rise of Capitalism in China

Andrew Collier
This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy 10 years ago to nearly half of all China’s annual 25 trillion renminbi (U.S.$4.1 trillion) in lending in the economy today.Shadow Banks are a new aspect of capitalism in China—barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many companies cannot get access to formal bank loans. It is the Wild West of banking in China. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the private economic. But it is precisely this divide that makes Shadow Banking important to the rise of capitalism. How Beijing handles this large free market will say a lot about how the country’s economy will grow—will free markets be granted greater leeway? —Palgrave Macmillan{chop}

Ford to Save $1 Billion Building Focus in China Instead of Mexico

Keith Naughton
Bloomberg
Ford Motor Co. is canceling controversial plans to build the Focus small car in Mexico, saving $1 billion by ending North American production entirely and importing the model mostly from China after next year.

Alibaba Is Coming to Detroit to Sell Small Businesses the Chinese Dream

Josh Horwitz
Quartz
The Chinese e-commerce giant is pulling out all the stops to impress America at Gateway ’17, its biggest-ever public event in the United States.

China Propels Rise of Electric Ultra-High-Performance Cars

New York Times
Want an insanely fast ride with zero emissions? Startup NIO has the car: An electric two-seater with muscular European lines and a top speed of 195 miles per hour (313 kilometers per hour). The catch: The EP9 costs nearly $1.5 million. NIO, a...

Some Global Investors See Fresh Worries in an Old Problem: China

Michael Schuman
New York Times
While investors have been preoccupied with President Trump and chaos in Washington, nerve-rattling elections in Europe and the uncertainty created by Federal Reserve policy and Britain’s decision to leave the European Union, a once-familiar — and...

Environment

06.15.17

Bike-Sharing Schemes: Flourishing or Running Riot?

from chinadialogue
Almost one hundred Chinese cities, from Beijing to Lhasa, now have bike-sharing schemes. The bikes, clad in various colors, have GPS trackers and can be unlocked simply by scanning a barcode on the frame with your phone. Some can even be reserved...

Conversation

06.14.17

Do Street Protests Work in China?

Mara Hvistendahl, Benjamin L. Read & more
A rare street protest broke out in China’s biggest city and commercial capital on Saturday night, June 10, when residents of Shanghai marched against new housing rules that some residents claimed have caused the value of their property to plummet...

Anbang Chairman’s Detention Underlines China Business Risks

Tom Mitchell, Henny Sender, Gabriel...
Financial Times
Wu Xiaohui was targeted by insurance regulator and anti-corruption investigators.

Asia Closes Mostly Lower Following Release of China Industrial Data; Fed Awaited

Cheang Ming
CNBC
Equities in Asia closed mostly lower on Wednesday as China data came in mostly in line with expectations and markets awaited the Federal Reserve's decision on monetary policy...

Books

06.13.17

Fortune Makers

Michael Useem, Harbir Singh, Liang Neng, Peter Cappelli
Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution.Outside of brand names such as Alibaba and Lenovo, little is known, even by the Chinese themselves, about the people present at the creation of these innovative businesses. Fortune Makers provides sharp insights into their unique styles—a distinctive blend of the entrepreneur, the street fighter, and practices developed by the Communist Party—and their distinctive ways of leading and managing their organizations that are unlike anything the West is familiar with.When Peter Drucker published Concept of the Corporation in 1946, he revealed what made large American corporations tick. Similarly, when Japanese companies emerged as a global force in the 1980s, insightful analysts explained the practices that brought Japan’s economy out of the ashes—and what managers elsewhere could learn to compete with them. Now, based on unprecedented access, Fortune Makers allows business leaders in the United States and the rest of the West to understand the essential character and style of Chinese corporate life and its dominant players, whose businesses are the foundation of the domestic Chinese market and are now making their mark globally. —PublicAffairs{chop}

Why China No Longer Fears the Fed

Tom Mitchell
Financial Times
In 2016, the People's Bank of China got a reprieve from the U.S. Federal Reserve. This year it needs no such help...

Trump’s Trade Restrictions Could Miss China And Slam Everybody Else

David Francis
Chicago Tribune
Any restriction on imports of the key metals would likely fall on friendly U.S. trading partners, rather than on China, the ostensible target of the administration's concern about steel and aluminum imports...

Trump Adds More Trademarks in China

Sui-Lee Wen
New York Times
President Trump is poised to add six new trademarks to his expanding portfolio in China, in sectors including veterinary services and construction, potentially renewing concerns about his possible conflicts of interest.

China Detains Chairman of Anbang, Which Sought Ties With Jared Kushner

Michael Forsythe, Alexandra Stevenson
New York Times
Wu Xiaohui, the chairman of Anbang Insurance Group, was taken away on Friday in Beijing, according to Caijing, a respected newsmagazine. In a statement early Wednesday morning in China, the company said that Mr. Wu was “for personal reasons no...

Sinica Podcast

06.12.17

How Does Investigative Reporting Happen in China?

Kaiser Kuo & Li Xin from Sinica Podcast
Li Xin is the Managing Director of Caixin Global, the English-language arm of China’s most authoritative financial news source, Caixin. For over 10 years, she has worked closely with the Editor-in-Chief of Caixin, Hu Shuli, whose famously fearless...

Ride-Hailing Ucar Invests in China Tesla-Challenger Startup

Meng Jing
South China Morning Post
Ucar, a ride-hailing app launched by Hong Kong-listed China Auto Rental (Car Inc), has led a 2.2 billion yuan (US$324 million) investment into a Tesla-challenger in China, making its foray into automobile manufacturing.

China Auto Sales Fall 2.6 Pct in May; SUVs up 13.5 Pct

Associated Press
China's auto sales shrank for a second month in May amid weak demand following a rise in the sales tax, an industry group reported Monday...

Conversation

06.09.17

Australia Is Debating Chinese Influence. Should the U.S. Do the Same?

Bruce Jacobs, Kerry Brown & more
“The Chinese Communist Party is waging a covert campaign of influence in Australia,” went the claim in the newspaper The Age, in a series of articles exploring China’s hard and soft power “Down Under.” The articles set off a domestic debate about...

Apple Customer Data in China Was Sold Illegally, Police Say

New York Times
Police also said the leaked data included the names, Apple identification numbers and phone numbers of Apple users.

World Asia China Cranks Up Heat on Exiled Tycoon Guo Wengui

Wall Street Journal
Beijing airs allegations involving whistleblowing businessman living in New York as subordinates are tried for fraud in unusually open proceedings.

Trump Lies. China Thrives.

New York Times
We underestimate China — and attribute all of its surge in growth to unfair trade practices — at our peril. China has been fast and smart at adopting new technologies, particularly the mobile internet.

West Underestimates China’s New Silk Road, German Envoy Says

Channel NewsAsia
Western countries are underestimating China’s new Silk Road project, which is an important scheme, despite concerns it is too China-centric and so far lacking in opportunities for foreign firms, Germany’s ambassador to China said on Thursday.

Alibaba Predicts Strong Sales in a Sign of Strength from China

New York Times
The Alibaba Group signaled on Thursday that for all the global worries about China’s rising debt and bloated state industries, its economy still enjoys a strong pillar of support: online shoppers.

U.S. Business Group Urges Trade Fixes Ahead of China’s Party Congress

Reuters
A U.S. business lobby in China said on Thursday that Washington should use leverage afforded by China’s desire to avoid trade frictions with the United States ahead of its Communist Party Congress this fall in order to fix market access...

China Won’t Beg India to Join OBOR: Chinese Media

Ananth Krishnan
India's primary concern about the initiative is the “flagship” China Pakistan Economic Corridor leg that runs through Pakistan occupied Kashmir. Despite this concern, an OBOR white paper in May declared CPEC as a flagship project...

Sinica Podcast

06.07.17

Kai-Fu Lee on Artificial Intelligence in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Kai-Fu Lee is one of the most prominent figures in Chinese technology. He founded China’s noted early-stage venture capital firm Sinovation Ventures after launching and heading up Google’s China operations during their years of growth from 2005 to...

China Is in the Middle of Diplomatic Spat With One of Its Oldest Allies in Africa

Lily Kuo
Quartz
Zambian authorities have detained 31 Chinese citizens on suspicion of illegal copper mining, according to Chinese officials who have formally complained about the arrest.

China’s Reserves Rise For 4th Month

Joe MacDonald
Associated Press
China's foreign currency reserves rose again ahead of a possible U.S. interest rate hike that might put new pressure on Beijing's exchange rate controls...

Trump Lies. China Thrives.

Thomas L. Friedman
New York Times
While Trump is a serial liar, his broad complaint that China is not playing fair on trade and has grown in some areas at the expense of U.S. and European workers has merit and needs to be addressed — now.

Chinese Debt in Africa: How Much Is Too Much?

Eric Olander, Cobus van Staden & more
China now owns more than half of Kenya’s external debt, and that figure is likely to grow even higher as President Uhuru Kenyatta turns to Beijing to finance large infrastructure projects across the country. Most recently, China completed the first...

As China Pulls Trade from North Korea, Russia Gets Cozy with Kim Jong Un

USA Today
Trade between Russia and North Korea increased by 73% during the first two months of 2017 compared to the same period the year before, boosted mostly by increased coal deliveries from Russia, according to Russian state-owned news site Sputnik.

China PM’s ‘Dream Team’ Should Be Asia, Not Europe

CNBC
Last Thursday (May 29), Mr. Li Keqiang’s “dream team” became “golden partnership” as he presented in Berlin a glowing report card on a lucrative alignment between “Made in China 2025” – an innovation-driven manufacturing – and Germany’s “Industry 4...

Ivanka Trump’s Firm Seeks New Trademarks in China, Reviving Ethical Concerns

CNN
A trove of Chinese trademark applications filed by Ivanka Trump’s namesake business is focusing attention once again on the ethical complications presented by the Trump family’s business ties.

Google Is Already Late to China’s AI Revolution

Wired
“Some of the major Chinese companies are some of the most sophisticated deep learning and data companies in the world.”

Billionaire Anbang Boss Prevented from Leaving China

Financial Times
Acquisitive insurer sees plans stymied by financial controls and political infighting.

Trump Hands the Chinese a Gift: The Chance for Global Leadership

New York Times
The Chinese are eager to fill the void that Washington is leaving around the world on everything from setting the rules of trade and environmental standards to financing infrastructure projects.

Conversation

06.01.17

Can China Supplant the U.S. in Europe?

Rogier Creemers, Zha Daojiong & more
From May 31 to June 2, Premier Li Keqiang will visit Germany and Belgium, to “further deepen and enrich China’s relations with the European Union (EU) at a time of increasing global uncertainty,” according to an article in China’s state newswire...

China and Europe Are Moving Forward without Trump

CNN
Beijing is in prime position to capitalize on major policy fissures that have emerged between Europe and the Trump administration on climate, trade and defense. The new dynamic will be on full display on Thursday in Brussels, when Chinese Premier Li...

Canadian Winery Owners Arrested, Put on Trial in China for Customs Valuation Dispute

Huffington Post
The daughter of two Canadian winery owners being held by Chinese authorities over an alleged customs valuation dispute says the case should serve as a warning for other Canadians hoping to do business in China.

Activists Investigating Ivanka Trump’s China Shoe Factory Detained or Missing

Guardian
A labor activist working undercover investigating abuses at a Chinese factory that makes Ivanka Trump shoes has been detained by police and two others are missing, raising concerns the company’s ties to the U.S. president’s family may have led to...