China Plans to Kill Local Subsidies for Electric Cars

Bloomberg News
Bloomberg
The Ministry of Finance is working on a plan that would mandate authorities to phase out the incentives to discourage protectionism and help rein in state expenditure, people familiar with the matter said, asking not to be identified discussing...

Conversation

12.13.17

Is Chinese Investment Good for Workers?

Aaron Halegua, Yu Zheng & more
China’s Belt and Road Initiative is a $1 trillion plan to deepen economic relations between itself and up to 60 other countries worldwide through large investments in infrastructure, construction, and other projects. Many commentators have...

Founder of China's Embattled LeEco Placed on Debt Blacklist

Engen Tham, Adam Jourdan
Reuters
The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment.

Google to Open Beijing AI Center in Latest Expansion in China

Shelly Banjo and David Ramli
Bloomberg
Google is deepening its push into China as it seeks an edge in one of technology’s most competitive fields: artificial intelligence.

China Telecom Picked to Become the Philippines' Third Telecoms Player

Reuters
South China Morning Post
China Telecom Corp could become the Philippines’ third nationwide telecommunications operator, officials of the Southeast Asian country said on Sunday, as the government sought to stir up competition to boost notoriously poor fixed-line broadband...

Conversation

12.06.17

Apple in China: WTF?

Samuel Wade, Shaun Rein & more
In November, the non-profit watchdog Freedom House called China “the worst abuser of Internet freedom” of the 65 countries it surveyed. And yet, on December 3, Apple CEO Tim Cook keynoted China’s annual World Internet Conference. “The theme of this...

China Will Lead an Electric Car Future, Ford's Chairman Says

Keith Bradsher
New York Times
The world’s automakers are just starting to bet on an electric car future — and already, one of the most powerful people in the industry says that future belongs to China.

Trump Wasn’t Soft with Xi Jinping on Trade Gap, Says US Ambassador to China

Holly Ellyatt, Geoff Cutmore, Eunice...
CNBC
The U.S. ambassador to China has defended President Donald Trump’s stance towards the Asian nation during his recent visit, amid criticism that the U.S president was too soft on trade imbalances between the two superpowers.

Will Tech Firms Challenge China’s ‘Open’ Internet?

Robin Brant
BBC
China has been smart and ruthless in its control of the internet within its borders. It blocks some foreign sites altogether and it censors - heavily - what Chinese are allowed to see.

China’s Drive for Cleaner Energy Is Causing a Gas Shortage for Winter

Huileng Tan
CNBC
China's push to clean up its environment may have had an unintended consequence: a shortage of heating fuel supply is hitting some regions in the dead of winter, sending prices of domestic liquefied natural gas (LNG) to a three-year high...

Starbucks Is Opening a Store in China Every 15 Hours

Angelica LaVito
CNBC
China has become Starbucks’ second largest and fastest growing market, and one the company expects to eclipse the U.S. market one day. Starbucks already operates more than 3,000 stores in the country and 2,000 more by 2021.

China Will Lead an Electric Car Future, Ford's Chairman Says

Keith Bradsher
New York Times
Speaking in Shanghai, William C. Ford Jr., Ford Motor’s longtime executive chairman, outlined why in an unusually blunt comment. “When I think of where E.V.s are going,” he said, using an abbreviation for electric vehicles, “it’s clearly the case...

Are Alibaba and Tencent Fueling a Tech Bubble? Investors Weigh the Worrisome Question

Polina Marinova
Fortune
Alibaba has spent roughly $1.72 billion buying at least 50 startups and small businesses since 2013, while Tencent has doled out at least $780 million over the same period, according to Nikkei Asian Review.

Special Report: Hidden Peril Awaits China’s Banks as Property Binge Fuels Mortgage Fraud Frenzy

Engen Tham, Clare Jim, Yawen Chen
Reuters
While property prices in China continue to rise, mortgage fraud remains largely a hidden danger, much as subprime loans in the United States remained mostly out of sight ahead of the 2008 global financial crisis.

Free Trade Talks with China Will Not yet Begin

Chris Hall
CBC News
Canada will not begin formal free trade talks with China — at least not yet.

Apple CEO Backs China’s Vision of an ‘Open’ Internet as Censorship Reaches New Heights

Simon Denyer
Washington Post
Reading headlines from the World Internet Conference in China, the casual reader might have come away a little confused. China was opening its doors to the global Internet, some media outlets optimistically declared, while others said Beijing was...

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...

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...

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.

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.