Caixin Media

06.29.12

Shale Gas Race

The shale gas revolution in the United States has led to a debate in China over shale gas development. But can the United States really achieve energy self-sufficiency? And if it can, what are the implications for China?Ever since the Nixon era,...

Chinese Company in Kickback Scandal in the Philippines

Andrew Higgins
Washington Post
After a tense showdown over a disputed shoal in the South China Sea, the closest U.S. ally in Southeast Asia and a rising China now face a new source of potential friction over the alleged corrupt practices of a well-connected Chinese corporation.

NYTimes To Launch Chinese-Language News Site

Christine Haughney
New York Times
The New York Times is introducing a Chinese-language Web site, part of a continuing effort to expand its reach to international readers. The site, which is called cn.nytimes.com and will go live Thursday morning, is intended to draw readers from the...

Caixin Media

06.27.12

Cash for China’s Homegrown Smartphone

Xiaomi Mobile Internet Co. has raised US$216 million, its CEO says, raising the total value of the upstart, homegrown Chinese smartphone maker to US$4 billion.If Lei Jun’s claim is accurate, his two-year-old company’s value is close to the market...

Reports

06.27.12

Beyond Foxconn: Deplorable Working Conditions Characterize Apple’s Entire Supply Chain

China Labor Watch
On June 14th, 2012 a Foxconn worker jumped to his death from his apartment building in Chengdu, marking the 18th reported worker suicide at Foxconn factories in China in just over two years. Many additional suicides may have gone unreported. But...

Reports

06.25.12

U.S.-China Public Perceptions Opinion Survey 2012

Emily Brill
Committee of 100
The re-establishment of U.S.-China relations in 1971 marked a strategic step that ended China’s isolation and transformed the global balance of power. Since that historic milestone, the United States as an established superpower and China as an...

Caixin Media

06.20.12

China’s Food Fright

There’s no denying that the gastronomic horizons of Chinese cuisines sometimes verge on the infinite. But on factors of food quality, there’s little subtlety or nuance for safety standards.In the past five years, the number of public food and drug...

Jack Ma Is the Loneliest Billionaire in China

Bruce Einhorn and Frederik Balfour
Businessweek
It’s been a rough 18 months for Chinese Internet tycoon Jack Ma, founder and chairman of the Alibaba Group, a sprawling conglomerate of Web companies. Early in 2011 a fraud scandal hit his business-to-business e-commerce site, Alibaba.com. At...

Caixin Media

06.14.12

Private Economy’s Original Sin

Whether measured in terms of gross domestic product, tax contributions or job creation, statistics prove that the private economy plays a crucial role in China.In some well-developed parts of the country the private sector, when factoring in...

The Unwritten Rules in Chinese Technology

Evan Osnos
New Yorker
What do we mean when we say a Chinese company has “close ties to the government”? Or is “connected to the military”? And does this matter? It is a problem that writers on China have encountered for years, and it can be difficult get firm evidence...

Caixin Media

06.08.12

Road Show Media Bandits Squeeze IPO Hopefuls

Buying media silence is a common first step toward an initial public offering in China that siphons billions of yuan every year from companies seeking investors in Shanghai and Shenzhen.The phenomenon has been documented by the China Securities...

What Happened on the Shanghai Stock Exchange?

Evan Osnos
New Yorker
China experienced a bizarre numerological happening this week. The Shanghai Composite Index started yesterday morning at 2346.98, which, when read from right to left, shares an uncanny similarity to yesterday’s highly sensitive anniversary: twenty-...

Reports

06.01.12

Crossing the River by Feeling for Stones: A New Approach to Exporting Creative Content to China?

Hasan Bakhshi and Philippe Schneider
Nesta
We have all heard the statistics. About how China is forecast to overtake the U.S. to be the largest economy in the world by 2027. How China already has 277 million mobile web users, of which 45 percent use their handsets to access music and 21 per...

Media

05.31.12

Zuckerberg’s CCTV Cameo

Bo Wang & Kennett Werner
Chinese social media outlets lit up after sharp-eyed viewers caught Facebook CEO Mark Zuckerberg making a cameo appearance on Chinese Police, a documentary series produced by China Central Television (CCTV). Just a few second long, the footage shows...

Top Banker Held in Gambling Probe

George Chen
South China Morning Post
A senior executive at one of the mainland's Big Four state-controlled banks has been detained amid a widening investigation into allegations of illegal gambling and the misappropriation of clients' money...

Caixin Media

05.31.12

Heading Deep for the First Time

On May 9, China National Offshore Oil Corp.’s (CNOOC) first deepwater drilling platform began operating in the South China Sea. The world-class vessel is stationed in the Liwan 6-1-1 field, about 320 kilometers southeast of Hong Kong, in waters...

Caixin Media

05.28.12

Rail Builders Shift Interest to Overseas Mines

After a three-year wait, China Railway Construction Corp. Ltd. (CRCC) recently won permission to launch a major copper mining project in Ecuador.The production agreement signed April 25 by Ecuador’s government and Corriente Resources, a Canadian...

Caixin Media

05.25.12

Hard Lesson for China Concept-Stock Investors

Imagine discovering on your first day as a new CEO that your employer is merely a shell that may be destined for a shameful delisting on the Nasdaq Stock Market.That’s what happened recently to ChinaCast Education Corp. CEO Feng Yiyi, who is now...

Caixin Media

05.23.12

Identity Crisis Rattles Volvo’s Chinese Owner

New models bearing the Chinese-owned Volvo badge shared a luxury spotlight at the Beijing International Auto Show in April with perennial stars Mercedes-Benz, BMW, and Lexus.But behind the diamond-studded presentation was confusion over the legal...

Media

05.18.12

Hong Kong Movie Star Now a Motivational Speaker

Bo Wang
Nicholas Tse—the famous young Hong Kong singer, actor, and musician—is known for portraying irresponsible young rebels. People think that's what he's like in real life. The Hong Kong University of Science and Technology invited Tse to be a...

Caixin Media

05.18.12

Message in a Bottle for Spirits Maker Moutai

A glass of Feitian Moutai packs a wallop, which is one reason why the 106-proof baijiu is a hit among influential government officials.They also like Feitian Moutai because a single bottle, thanks to special arrangements between state agencies and...

Caixin Media

05.18.12

Era Ends for China’s Legendary Stock Picker

Investors who closely followed the stock picks of one of China’s most successful brokers are wandering in the wilderness—and wondering what will happen next to their unemployed luminary Wang Yawei.In April, and without warning, Wang resigned from...

Caixin Media

05.02.12

Yearning for the Yuan

London is forging ahead with plans for yuan-based financial services by developing an infrastructure and banking services that match its ambitions for the Chinese currency.On April 18, the city welcomed the first yuan-denominated bond issuance...

Reports

05.01.12

China’s Impact on World Commodity Markets

Shaun K. Roache
Luo Xiaoyuan
International Monetary Fund (IMF)
Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on...

Caixin Media

04.09.12

Dalian Businessman Who Built an Empire Vanishes

(Dalian)—The sudden disappearance of a self-made billionaire in the coastal city of Dalian has unnerved not only bank executives concerned about loans they made to his companies, but also government officials who have lent generous support to the...

Caixin Media

03.19.12

Fair Trade

A typically opaque investigation can begin with a tip from a Shanghai Stock Exchange official and end with a ten-year jail term for a businessman convicted of insider trading. What happens in between is a carefully guarded secret.Likewise hidden...

Books

03.06.12

Need, Speed, and Greed

Vijay Vaitheeswaran
World-renowned economist Vijay V. Vaitheeswaran provides a deeply insightful, brilliantly informed guide to the innovation revolution now transforming the world. With echoes of Clayton Christensen’s The Innovator’s Dilemma, Tim Brown’s Change by Design, and Jared Diamond’s Guns, Germs, and Steel, Vaitheeswaran’s Need, Speed, and Greed introduces readers to the go-getters, imagineers, and visionaries now reshaping the global economy. Along the way, Vaitheeswaran teaches readers the skills they must develop to unleash their own inner innovator and reveals why America and other wealthy, privileged societies must embrace a path of inclusive growth and sustainability—or risk being left behind by history.  —Harper Collins

Reports

02.20.12

China’s Banking System: Issues for Congress

Michael F. Martin
Peony Lui
Congressional Research Service
China’s banking system has been gradually transformed from a centralized, government-owned, and government-controlled provider of loans into an increasingly competitive market in which different types of banks, including several U.S. banks, strive...

Reports

02.01.12

Fostering Greater Chinese Investment in the United States

David M. Marchick
He Jianan
Council on Foreign Relations
China’s outward investment has substantial room to grow, and the United States has the potential to capture a larger share of it—an outcome that would benefit the U.S. and Chinese economies and strengthen the bilateral economic relationship. China...

Reports

01.31.12

Putting the Pedal to the Metal

Usha C.V. Haley
Economic Policy Institute
China is currently the largest car market in the world. It is also one of the largest auto-parts producers and exporters in the world, with exports, primarily to the United States, constituting about a third of its production. The Chinese...

Reports

11.16.11

Telecoms and the Huawei Conundrum

Claude Barfield
American Enterprise Institute for Public Policy Research
The Chinese company Huawei has emerged as the second-largest telecommunications equipment company in the world. It operates in 140 countries around the globe, providing equipment, software, and services to forty-five of the world’s fifty largest...

Making It Big in China

Jonathan Mirsky from New York Review of Books
Jianying Zha describes China as “way too big a cow for anyone to tackle in full.” Therefore, Ms. Zha says, she omits “the rural life, the small-town stories, the migrants working in huge manufacturing plants…continued poverty in parts of interior...

Reports

11.03.11

Foreign Direct Investment, Corruption and Democracy

Aparna Mathur, Kartikeya Singh
American Enterprise Institute for Public Policy Research
How do factors such as corruption perception and the level of democracy influence foreign direct investment to developing economies? The authors of this paper suggest that less corrupt countries and less democratic countries receive more foreign...

Sinica Podcast

09.16.11

North Korea: Open for Business?

Jeremy Goldkorn, Edward Wong & more from Sinica Podcast
As the guillotine of debt contagion hangs over Europe, financial pressures in Asia have led an unexpected player to make a strategic shift. After months of escalating tensions with South Korea have shuttered its opportunities for expanded trade...

Reports

06.01.11

Sustainability Reporting Guidelines: Mapping and Gap Analysis for Shanghai Stock Exchange

World Bank
In recent years the number of companies releasing sustainability reports has continued to increase on a global level as well as in China specifically. In China, the number of sustainability reports reached over 700 in 2010. There is a widely...

Sinica Podcast

05.20.11

Inscrutable China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
It may be because we’ve yet to finish Henry Kissinger’s latest book on the subject, but we’ll admit to having found life in China a bit more inscrutable than normal these past few weeks, and all evidence suggests we’re not alone. Seen through the...

Sinica Podcast

05.07.11

Crazed Madmen, Foreign and Domestic

Jeremy Goldkorn, Gady Epstein & more from Sinica Podcast
Despite losing almost a dollar for every dollar of revenue last year, Chinese Facebook clone Renren (人人网) made a spectacular launch on Wall Street last week, raising U.S.$743.4 million in a crazed initial public offering. So it’s no surprise that...

Reports

05.01.11

An American Open Door?

Daniel H. Rosen and Thilo Hanemann
Asia Society
Over the past decade, China’s unprecedented surge of economic dynamism and development has radically altered the global landscape and affected a host of international relationships. One of the most significant trends that will influence how the...

Sinica Podcast

04.22.11

China’s Second Internet Bubble?

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Interest in Chinese Internet companies has reached a fever pitch. Fueled by the fact that roughly fifty percent of the companies that went public on NASDAQ last year were Chinese in origin, at least seventeen more high-profile companies are planning...

Reports

04.01.11

Diagnosing Development Bottlenecks: China and India

Wei Li, Taye Mengistae, and Lixin Colin Xu
World Bank
Although it had a a lower income level than India in 1980, China's 2006 per capita gross domestic product stood more than twice that of India's. This paper investigates the role of the business environment in explaining China's...

Sinica Podcast

04.01.11

Scandal in Baidu and Chongqing

Kaiser Kuo, Gady Epstein & more from Sinica Podcast
A year after our first show memorialized Google’s retreat from the China market, our first anniversary sees Sinica host Kaiser Kuo and his employer on the defensive as Gady Epstein and Bill Bishop grill Kaiser over recent allegations of copyright...

Sinica Podcast

02.26.11

Troubles and Ambitions in China

Jeremy Goldkorn, Gady Epstein & more from Sinica Podcast
Watch your rice, folks. That’s our takeaway from this week’s Sinica, which ruminates on troubles old and new in the Middle Kingdom. Up for discussion in particular are Chinese activities in Rwanda, dodgy rice, ongoing worker troubles at Apple...

Sinica Podcast

11.12.10

The End of Chinese Internet Civility

Jeremy Goldkorn, Gady Epstein & more from Sinica Podcast
Simmering tensions between Qihoo 360 and Tencent broke into open war last week, as Tencent disabled its chat software on computers running 360 antivirus software. This move was the most aggressive yet in a serious of escalating attacks between the...

Reports

10.01.10

A Case Study on Large-Scale Forestland Acquisition in China

Li Ping and Robin Nielsen
He Jianan
Landesa
Rural development and forest restoration have been key priorities for the Chinese government over the last decade, and indeed many countries in the world. To address these priorities, the Chinese government has aggressively promoted new investment—...

Reports

09.23.10

China’s Sovereign Wealth Fund: Developments and Policy Implications

Michael F. Martin
Peony Lui
Congressional Research Service
China’s ruling executive body, the State Council, established the China Investment Corporation (CIC), a sovereign wealth fund, in September 2007 to invest $200 billion of China’s then $1.4 trillion in foreign exchange reserves. As with other...

Reports

09.21.10

China’s Steel Industry and Its Impact on the United States: Issues for Congress

Rachel Tang
Peony Lui
Congressional Research Service
China’s steel industry has grown significantly since the mid-1990s. China is now the world’s largest steelmaker and steel consumer. The majority of Chinese steel has been used to meet domestic demand in China. However, as its steel production...

Sinica Podcast

06.04.10

Suicides, Strikes, and Labor Unrest in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
A spate of suicides leaves ten dead at the Shenzhen campus of Foxconn, the giant electronics manufacturer that makes many of the world’s most popular consumer electronics. A rare strike paralyzes production at Honda Motors, shutting down all of the...

Reports

06.01.10

Game-Changing China: Lessons from China about Disruptive Low Carbon Innovation

David Tyfield, Jun Jin, Tyler Rooker
Nesta
Big hydro, big solar photovoltaic, and big wind—these are the usual focus of accounts of low-carbon technologies in China. But a very different type of innovation—ranging from a farm cooperative in Yunnan, to woodchip and corn pellets in rural...

Reports

04.21.10

What’s the Difference?—Comparing U.S. and Chinese Trade Data

Michael F. Martin
Peony Lui
Congressional Research Service
There is a large and growing difference between the official trade statistics released by the United States and the People’s Republic of China. According to the United States, the 2009 bilateral trade deficit with China was $226.8 billion. According...

Reports

11.16.09

The Rise of China’s Auto Industry and Its Impact on the U.S. Motor Vehicle Industry

Rachel Tang
Peony Lui
Congressional Research Service
The automobile industry, a key sector in China’s industrialization and modernization efforts, has been developing rapidly since the 1990s. In recent years, China has become the world’s fastest growing automotive producer. Annual vehicle output has...

Reports

07.16.09

East Asia’s Foreign Exchange Rate Policies

Michael F. Martin
Peony Lui
Congressional Research Service
Financial authorities in East Asia have adopted a variety of foreign exchange rate policies, ranging from Hong Kong’s currency board system which links the Hong Kong dollar to the U.S. dollar, to the “independently floating” exchange rates of Japan...

Reports

12.01.08

The Impact of Introducing a Minimum Wage on Business Cycle Volatility: A Structural Analysis for Hong Kong SAR

Nathan Porter and Francis Vitek
Sara Segal-Williams
International Monetary Fund (IMF)
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding...

Reports

08.24.08

Energy Interests and Alliances: China, America and Africa

Angelica Austin, Danila Bochkarev, and Willem van der Geest
EastWest Institute
According to conventional wisdom, the United States and China are locked in a high-stakes competition for energy resources around the world, particularly in Africa. Against the backdrop of highly volatile oil prices, mounting concerns about global...

Reports

01.13.07

Is China a Threat to the U.S. Economy?

Craig K. Elwell, Marc Labonte
Peony Lui
Congressional Research Service
The rise of China from a poor, stagnant country to a major economic power within a time span of only twenty-eight years is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms...

Reports

07.11.06

Who’s Manipulating Whom? China’s Currency and the U.S. Economy

Daniel Griswold
Cato Institute
Congress and the Bush administration continue to pressure China to allow its currency to appreciate against the U.S. dollar under threat of trade sanctions. Critics contend “currency manipulation” gives Chinese producers an unfair advantage against...

Reports

01.26.06

Ending Financial Repression in China

James A. Dorn
Cato Institute
The consequences of China’s financial repression are easy to see. By suppressing two key macroeconomic prices—the interest rate and the exchange rate—and by failing to privatize financial markets and allow capital freedom, China’s leaders have...

Reports

01.13.06

The Rise of China and Its Effect on Taiwan, Japan, and South Korea: U.S. Policy Choices

Dick K. Nanto, Emma Chanlett-Avery
Peony Lui
Congressional Research Service
The economic rise of China and the growing network of trade and investment relations in northeast Asia are causing major changes in human, economic, political, and military interaction among countries in the region. This is affecting U.S. relations...

Reports

11.02.05

U.S.-China Relations in the Wake of CNOOC

James A. Dorn
Cato Institute
CNOOC, a subsidiary of state-owned China National Offshore Oil Company, lost to Chevron in a bid to acquire Unocal. This loss did not occur because of Chevron's lower bid, but rather because of U.S. Congressional intervention that blocked the...

Reports

10.01.01

Beginning the Journey: China, the United States, and the WTO

Chair: Robert D. Hormats Director: Elizabeth C. Economy
Elizabeth Economy
Council on Foreign Relations
The main finding of this report is that both the United States and China will run risks as Beijing moves ahead with membership in the World Trade Organization (WTO), but the potential payoffs for both countries are well worth it. It also points out...

Media

01.21.96

Jackie Chan, American Action Hero?

Jaime Wolf
Whenever Jackie Chan leaves Hong Kong to make a public appearance in Shanghai, Taipei or Tokyo, or in Kuala Lumpur, Singapore or Seoul, hundreds—sometimes thousands—of his fans gather in a frenzy of adoration. Last June, Chan, the martial artist,...