China to Plant ‘Green Necklace’ of Trees Around Beijing to Fight Smog

New York Times
The pollution from the factories is responsible for much of the smog in Beijing, a city of more than 22 million, and other parts of northern China.

Nation Leads Asia in Growth Vitality

China Daily
Despite setbacks to regional economic integration, China maintained a 6.7 percent growth rate last year and contributed 33.2 percent to global economic growth, ranking the highest among all world economies.

As China’s Li Visits Down Under, Trump on Australian PM Turnbull’s Mind

Nyshka Chandran
CNBC
Australian Prime Minister Malcolm Turnbull is expected to keep his relationship with the U.S. in close focus as China’s Li Keqiang becomes the first Premier in eleven years to visit Down Under.

Why China Stoking up Anger over South Korea Missile System Is Doomed to Fail

Josh Ye
South China Morning Post
Encouraging boycotts of South Korean goods won’t stop Seoul deploying the defence shield, but will sour an economically valuable relationship, observers say

China Steps up Battle against Property Bubble

Gabriel Wildau
Financial Times
Big cities escalate efforts to curb the soaring prices that are stoking anger

China Just Held Its National People’s Congress. Here Are Three Key Points.

Lynette Ong
Washington Post
For decades, China’s “Two Sessions” (lianghui) each spring have offered a glimpse into the policies and priorities of China’s Communist Party (CCP).

China May Set New Rules to Curb ‘Irrational’ Outbound Investment This Year

Fortune
China this year may publish rules on outbound investment by Chinese firms that would spell out the sectors in which investing is encouraged and those where it is restricted, state media reported on Tuesday.

South Korea Complains to WTO about China over THAAD

BBC
South Korea has appealed to the World Trade Organization to determine if the Chinese government is treating South Korean companies unfairly.

China’s Taxes on Imported Cars Feed Trade Tensions with U.S.

Keith Bradsher
New York Times
A Jeep Wrangler can cost $30,000 more in China than in the United States—and the reasons illustrate a growing point of tension between the two countries.

China Is Reportedly Getting Ready to Hit back against Any of Trump’s Trade Penalties

Fortune
China’s government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

Rex Tillerson and Xi Jinping Meet in China and Emphasize Cooperation

Jane Perlez
New York Times
Secretary of State Rex W. Tillerson and President Xi Jinping of China cast aside their differences on Sunday with a public display of cooperation, sidestepping areas of disagreement even as North Korea made another defiant statement by showing off a...

The Real Reason China Won’t Exert Economic Pressure on North Korea

Tom Holland
South China Morning Post
U.S. Secretary of State Rex Tillerson thinks that if only he can enlist Beijing’s support, sanctions will compel Kim Jong-un to give up his nuclear arsenal—here’s why he’s wrong

China Raising Pressure on Taiwan, Gently

Ralph Jennings
Voice of America
China is slowly tightening its grip on self-ruled Taiwan to make it break a nearly year-old political deadlock, but it’s avoiding any tough measures that it can’t reverse if relations improve, analysts say.

Sinica Podcast

03.17.17

Big Daddy Dough: Hip-hop and Macroeconomics in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
By day, Andrew Dougherty is a macroeconomist who manages a China research team for Capital Group, one of the world’s largest actively managed mutual funds. By night, he is Big Daddy Dough, creator of an album of parody hip-hop songs that explain...

Books

03.16.17

Hollywood Made in China

Aynne Kokas
China’s entry into the World Trade Organization in 2001 ignited a race to capture new global media audiences. Hollywood moguls began courting Chinese investors to create entertainment on an international scale—from behemoth theme parks to blockbuster films. Hollywood Made in China examines these new collaborations, where the distinctions between Hollywood’s “dream factory” and Xi Jinping’s “Chinese Dream” of global influence become increasingly blurred. With insightful policy analysis, ethnographic research, and interviews with CEOs, directors, and film workers in Beijing, Shanghai, and Los Angeles, Aynne Kokas offers an unflinching look at China’s new role in the global media industries. A window into the partnerships with Chinese corporations that now shape Hollywood, this book will captivate anyone who consumes commercial media in the twenty-first century. —University of California Press{chop}

People’s Bank of China Raises Borrowing Costs in Step with Fed

Bloomberg
China’s central bank raised borrowing costs as a stable economy and factory reflation give it scope to follow the Federal Reserve in tightening policy.

Here’s Who Will Benefit from the Beijing-Seoul Fallout

Huileng Tan
CNBC
Currently, South Korea’s decision to allow the U.S. to deploy an advanced missile defense system on the peninsula has culminated in a series of retaliatory measures from Beijing. South Korean firms have already started investing in the fast-growing...

Clean Energy Could Spark a Trade War between the U.S. and China

Nick Stockton
Wired
In the past few years, China has surpassed the U.S. in electric vehicle sales, renewable energy capacity, and recently announced it was investing $365 billion to keep the momentum going. That investment puts China in a prime position to lead the...

China to Trump: We Don’t Want a Trade War—but If There Is One, You’d Lose

Simon Denyer
Washington Post
China’s premier told the United States on Wednesday: We don’t want a trade war with you, but if one breaks out, your companies would bear the brunt.

As Attitudes Change, Chinese Lawmakers Seek Better Protection for Rhinos and Other Endangered Animals

Simon Denyer
Washington Post
Slowly but surely, Chinese attitudes toward wildlife conservation are changing.

Is Google Another Step Closer to Being Unblocked in China?

Nectar Gan
CNBC
Google is still in talks with Beijing over its plans to return to the mainland Chinese market

China Property Sales Surge Despite Efforts to Cool Market

Voice of America
Property sales by area rose 25.1 percent year-on-year in January and February.

China’s Economy Gets Off to Strong Start in 2017 as Investment Rebounds

Yawen Chen and Elias Glenn
Reuters
China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment. 

After Dick Clark Productions Deal Fails to Close, What’s Next for Dalian Wanda?

Gene Maddaus, Brent Lang
Variety
Wang Jianlin has led a triumphal march through Hollywood.

Trump’s Top China Expert Isn’t a China Expert

Foreign Policy
Peter Navarro doesn't speak Chinese, and has scant in-country experience. Should that matter?...

Trump’s Trade ‘Hammer’ Aims to Pound China, Mexico and the WTO

Bloomberg
Lighthizer has urged a harder-nosed approach to China, which accounts for more than half of America’s $500-billion trade deficit, and more trade complaints from the U.S.

China Posts Rare Trade Deficit in February as Imports Gallop

CNBC
China produced a rare trade deficit in in February after imports galloped, official data showed Wednesday.

As Leaders Argue, South Korea Finds China Is No Longer an Easy Sell

Motoko Rich
New York Times
Now, as the deployment of the system begins this week and China threatens to punish South Korea further, companies like Beyond Cosmetics have been bracing for worse.

Trump in the China Shop

Gideon Rachman
New York Review of Books
The arrival of Donald Trump in the White House threatens a significant acceleration in the rivalry between the U.S. and China.

The Tesla China Numbers That Elon Musk Won’t Tell You

Bertel Schmitt
Forbes
More evidence about Tesla’s Big China Bonanza is coming in

One of China’s Biggest Trade Partners Is Worried Beijing Will Turn to Its ‘Old Toolbox’ of Protectionism

Sophia Yan
CNBC
China’s plan to advance its manufacturing capabilities is drawing criticism from one of its major trade partners.

Cities and Data: China’s Weapons in the Battle for Clean Air

Vincent Ni
BBC
China is proud of the fact that its air quality readings have improved in recent years, if only slightly, with lingering smog in industrial areas.

China’s Plan to Build Its Own High-Tech Industries Worries Western Businesses

Keith Bradsher and Paul Mozur
New York Times
China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries, from planes to computer chips to electric cars, as it looks to kick-start its next stage of economic development. 

Caixin Media

03.03.17

China’s Legislators Take on Zombie Companies, Real Estate

Curbing wasteful socialist-era business practices and taming unruly real estate and lending sectors will take center stage at the annual meeting of China’s legislature, which starts next week, with some also looking for signs of a pickup in economic...

Books

03.02.17

The Silver Way

Peter Gordon and Juan José Morales
Long before London and New York rose to international prominence, a trading route was discovered between Spanish America and China that ushered in a new era of globalization. The “Ruta de la Plata,” or “Silver Way,” catalyzed economic and cultural exchange, built the foundations for the first global currency, and led to the rise of the first “world city.” And yet, for all its importance, the Silver Way is too often neglected in conventional narratives on the birth of globalization. Gordon and Morales re-establish its fascinating role in economic and cultural history, with direct consequences for how we understand China today. —Penguin China{chop}

For China’s Factories, a Weaker Currency Is a Double-Edged Sword

Keith Bradsher
New York Times
For the past three years, China has allowed its currency, the renminbi, to weaken in value compared with the American dollar. Yet the renminbi’s slide has provided only a marginal benefit.

Ordinary Citizens Are Hoping to Make a Difference at China’s Biggest Political Meet-Up

Charlie Campbell
Time
China’s “two sessions” kicks off this week, bringing together all of the movers and shakers from the top echelons of government for the nation’s two big annual political shindigs.

Mega-Mansions in this L.A. Suburb Used to Sell to Chinese Buyers in Days. Now They’re Sitting Empty for Months

David Pierson
Los Angeles Times
At $9.8 million, the recently built property is a relative bargain. A similar-sized home in Beijing would cost twice as much. Yet two months after it was placed on the market, the house remains unsold. Not long ago, real estate like this would have...

Viewpoint

03.01.17

Is the U.S.’s Withdrawal China’s Gain in Latin America?

Latin Americans can’t afford to wait four years to see when the United States will be willing to have an honest and reciprocal conversation about economic prosperity in the Western Hemisphere. Luckily for the U.S.’s southern neighbors, over the past...

Trump’s Not Telling the Whole Story on Trade, China Claims

Fox News
Beijing fired back Wednesday at President Trump’s claim that the U.S. has “lost 60,000 factories” since China joined the World Trade Organization, with a top diplomat suggesting the president told only part of the story.

Trump Promises More Coal and Steel Jobs. China Is cutting 500,000

Jethro Mullen
CNN
As President Trump talked up his plans to help American coal and steel workers in his address to Congress, a top official thousands of miles away in Beijing was detailing China’s plans to cut half a million jobs in heavy industries this year.

China Isn’t Displacing Traditional Aid Donors in Africa

Haley J. Swedlund
Quartz
Chinese foreign minister Wang Yi’s decision to make Africa his first stop on a five-nation tour in early January highlights the importance China places on its relations with Africa.

Is China a Partner or Predator in Africa (or Both)?

Eric Olander, Cobus van Staden & more
In this week’s episode of the China in Africa podcast, Matt Ferchen from the Carnegie-Tsinghua Center for Global Policy in Beijing joins Eric and Cobus to discuss his new paper on the perception gaps that exist around the world regarding China’s...

Books

02.28.17

Everything Under the Heavens

Howard W. French
From the former New York Times Asia correspondent and author of China’s Second Continent, an incisive investigation of China’s ideological development as it becomes an ever more aggressive player in regional and global diplomacy.For many years after its reform and opening in 1978, China maintained an attitude of false modesty about its ambitions. That role, reports Howard French, has been set aside. China has asserted its place among the global heavyweights, revealing its plans for pan-Asian dominance by building its navy, increasing territorial claims to areas like the South China Sea, and diplomatically bullying smaller players. Underlying this attitude is a strain of thinking that casts China’s present-day actions in decidedly historical terms, as the path to restoring the dynastic glory of the past. If we understand how that historical identity relates to current actions, in ways ideological, philosophical, and even legal, we can learn to forecast just what kind of global power China stands to become–and to interact wisely with a future peer.Steeped in deeply researched history as well as on-the-ground reporting, this is French at his revelatory best. —Penguin Random House{chop}

Trump Is Not Anti-China, Lenovo CEO Says

Arjun Kharpal
CNBC
U.S. President Donald Trump is “not anti-China” but any move away from globalization by the White House could be a concern to businesses across the world, the chief executive Lenovo told CNBC on Tuesday. 

China Capital Crackdown Threatens Wave of Overseas Buyouts

Don Weinland
Financial Times
Delay in Wanda’s $1bn takeover of Golden Globes producer signals shift in Beijing

China Considers Baby Bonus for Couples to Have Second Child

Justin Heifetz
CNN
The Chinese government may consider giving families financial incentives to have a second child in a bid to reach higher birth rate targets 

Corporate China Hits Global Debt Market Milestone

Jennifer Hughes and Don Weinland
Financial Times
Banks and other corporate borrowers quietly encouraged to raise money offshore

Picking a Fight over China’s Currency Will Snowball: Analyst

Leslie Shaffer
CNBC
If U.S. President Donald Trump proceeds with plans to label China a currency manipulator, the confrontation would likely escalate beyond trade, David Roche, global strategist at Independent Strategy, told CNBC on Monday.

China Bankruptcy Cases Surge as Economy Slows

Tom Hancock
Financial Times
Rise in liquidations reflects growing role for courts in tackling ‘zombie’ companies

Trump Accuses Chinese of Being ‘Grand Champions’ of Currency Manipulation

Newsweek
President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices.

China’s New Banking Regulator Chief Faces Daunting Challenges

Bloomberg
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.

China Overtakes U.S. and France as Germany’s Biggest Trading Partner

CNBC
China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday.

Mnuchin Says He Won’t Label China a Currency Manipulator...Yet

Kevin Cirilli and Saleha Mohsin
Bloomberg
Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets to determine if the U.S.’s largest trading partner is cheating.

The Biggest Loser If Trump Ignites a Trade War with China

Benjamin Carlson
CNBC
There’s at least one big loser if President Donald J. Trump ignites a trade war with China: Taiwan. The island democracy has a heavily export-dependent economy enmeshed in billions of dollars in U.S. and China trade.

China Shakes up Top Economic Team ahead of Major Power Shuffle

Lingling Wei and Chun Han Wong
Wall Street Journal
President Xi Jinping is shaking up his economic team ahead of a major power shuffle as China battles rising financial risks at home and friction with its trading partners.

Chinese President Xi Jinping Has Vowed to Lead the “New World Order”

Zheping Huang
Quartz
Chinese president Xi Jinping has vowed for the first time that China should take the lead in shaping the “new world order” and safeguarding international security, one of the latest moves putting him in stark contrast to Donald Trump and the U.S...

What Does Trump Want? China Scours Twitter, Cocktail Parties for Clues

Bloomberg
Now one of the big questions is which view prevails in the White House: The more moderate voices of Branstad, Kushner and Pentagon chief James Mattis? Or China hardliners such as strategist Steve Bannon and trade adviser Peter Navarro?

Africa to Pivot to China as U.S. Support Fades Under Trump

Eric Olander, Cobus van Staden & more
In this episode, international economist Anzetwe Were joins Eric and Cobus from Nairobi to discuss her recent column in Business Daily (Kenya) on how Africa is bracing for a Trump-inspired shift towards to China in response to the new U.S. president...

China’s ‘New Silk Road’ Is Derailed in Sri Lanka by Political Chaos and Violent Protests

Wade Shepard
Forbes
It is now looking as if Sri Lanka’s biggest partner in the Hambantota endeavor, China, is pulling back from what seems to have become an all out fiasco