China in Pole Position amid 'Desperate' Global Race to Secure Lithium Supplies

Sam Meredith
CNBC
China is outpacing the U.S. and other countries in a global race to secure supplies of an all-important element for electric cars.

Conversation

11.30.17

The Beijing Migrants Crackdown

Jeremiah Jenne, Lucy Hornby & more
After a fire in a Beijing apartment building catering to migrant workers killed at least 19 people on November 18, the city government launched a 40-day campaign to demolish the capital’s “unsafe” buildings. Many Beijing residents view the campaign...

U.S. Seeks to Deny China Market Economy Status in WTO

Shawn Donnan
Financial Times
The Trump administration has opposed China’s bid for recognition as a “market economy” in the World Trade Organization, citing decades of legal precedent and what it sees as signs the country is moving in the opposite direction under Xi Jinping.

Chinese Manufacturing Expanded More Than Expected in November

Yen Nee Lee
CNBC
China reported on Thursday that factory activity expanded at a quicker pace in November, with the official manufacturing Purchasing Managers' Index coming in at 51.8 — topping expectations...

Trump Starts Probe into Aluminum That China Calls Protectionist

Joe Deaux and Andrew Mayeda
Bloomberg
The Trump administration, invoking powers the U.S. hasn’t used in more than a quarter century, began a probe into Chinese aluminum imports that could lead to tariffs.

China Fintech Lending Boom Fuels Risks of Data Theft Black Market in User Details Thrives as Apps Require Borrowers to Grant Access to Phones

Gabriel Wildau and Yizhen Jia
Financial Times
The rise of online consumer loans in China has spawned a thriving black market in stolen user data.

US Charges 3 Chinese Nationals with Hacking, Stealing Intellectual Property from Companies

Evan Perez
CNN
The charges being brought in Pittsburgh allege that the hackers stole intellectual property from several companies, including Trimble, a maker of navigation systems; Siemens, a German technology company with major operations in the US; and Moody’s...

For China’s High-Flying Tycoons, a Precarious Balance

Anthony Kuhn
NPR
Flush with credit, LeEco expanded aggressively overseas. But the company overextended itself, its credit began to dry up — and by May, it had to lay off most of its workers in the U.S.

Conversation

11.27.17

What Does Mugabe’s Resignation Mean for China?

David Shinn, Huang Hongxiang & more
On November 15, soldiers placed the 93-year-old Robert Mugabe under house arrest. Mugabe had ruled Zimbabwe since the country gained independence in 1980. On November 21, he resigned after 37 years in power. China, Zimbabwe’s largest foreign...

Chinese Premier Backs More Investments in Eastern Europe

Pablo Gorondi
ABC
At a summit of 16 countries in the Hungarian capital, Premier Li Keqiang said efforts such as China’s “new Silk Road” initiative to expand trade across Asia, Africa and Europe, should be a boon to the countries that were formally part of the...

Chinese Premier Backs More Investments in Eastern Europe

Pablo Gorondi
At a summit of 16 countries in the Hungarian capital, Premier Li Keqiang said efforts such as China’s “new Silk Road” initiative to expand trade across Asia, Africa and Europe, should be a boon to the countries that were formally part of the...

Early China Indicators Signal That Economy Cooled This Month

Bloomberg News
Bloomberg
Confidence among China’s sales managers and steel producers waned in November, matching the mood among international investors, while sentiment among small businesses improved, according to the earliest available indicators.

Business Is Booming Between China, Japan and South Korea — the US Should Get in on It

Michael Ivanovitch
CNBC
China, Japan and South Korea account for a quarter of the world’s output of goods and services. Their combined trade surplus is currently running at an annual rate of $400 billion. They can recycle that trade income to finance, with interest, most...

A New Generation Looks at the China-Africa Relationship

Eric Olander, Cobus van Staden & more
Independent filmmakers Jidi Guo and Philip Man join Eric and Cobus to discuss their new documentary about how a new generation is responding to China’s growing influence in Kenya. This is the first documentary produced by the Shanghai-based pair,...

Skype Vanishes from App Stores in China, Including Apple’s

Paul Mozur
New York Times
For almost a month, Skype, the internet phone call and messaging service, has been unavailable on a number of sites where apps are downloaded in China, including Apple’s app store in the country.

China to Fend off Bubble Risk with Tighter Property Rules

David Reid
CNBC
The authorities said they would stop funds being illegally funneled into property and that capital flow would be more forcibly balanced between real estate and other industries.

Chinese Social Media Giant Is Worth More Than Facebook

Daniel Shane
CNN
Tencent shares closed more than 2% higher in Hong Kong on Tuesday, valuing the social media and gaming giant at around $522 billion, according to FactSet. Facebook is currently worth a little over $519 billion.

China's Revealing Spin on the ‘Sharing Economy’

Brook Larmer
New York Times
China is the first country to frame “sharing economy” as a “national priority.” It fits with the image that Beijing wants to project: warm, generous, egalitarian.

Rosneft Deal Boosts Russia-China Relationship

Henry Foy
Financial Times
Russia’s state-run oil group Rosneft has agreed to supply its new partner CEFC China Energy with almost 61m tonnes of oil over the next five years, strengthening the most high-profile corporate link in the burgeoning relationship between Moscow and...

China on pace for Record Solar-Power Installations

Bloomberg News
Bloomberg
China, the world’s biggest carbon emitter, is poised to install a record amount of solar-power capacity this year, prompting researchers to boost forecasts as much as 80 percent.

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...

Viewpoint

11.10.17

Bathed in the Xi Jinping Bromance

Orville Schell
Sitting in a grand salon of the Great Hall of the People in Tiananmen Square and awaiting the official arrival ceremony of President Trump was to be taken back to that period of Sino-Soviet amity when Stalin was Mao’s “big brother” and the Chinese...

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.

Viewpoint

11.07.17

Sticking to the Script, Trump Seems to Internalize It

Orville Schell
Slowly we are stitching our way across Asia on Donald J. Trump’s great five-nation oriental hegira. After a punishing 2:00 a.m. departure from Yokota Air Force Base outside Tokyo, we arrived this morning at Osan Air Base outside of Seoul, a reminder...

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.

Is Xi a Threat to Foreign Businesses in China?

Peter Martin and Keith Zhai
Bloomberg
In a speech at this year’s annual meeting of the World Economic Forum in Davos, Xi Jinping said choosing protectionism was akin to “locking yourself in a dark room.” But his rhetoric doesn’t square with reality, multinationals say.

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.