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08.25.16

China Analysts Should Talk to Each Other, Not at Each Other

Scott Kennedy
On August 12, the International Monetary Fund (IMF) issued its annual report card on China’s economy and gave the country mixed grades, finding that its “economic transition will continue to be complex, challenging, and potentially bumpy.” In...

China’s Zika Fumigation Rules Raise Worries for U.S. Exporters

Costas Paris
Wall Street Journal
Companies worry that requirement to fumigate all containers could result in costs, delays.

Is Huawei Doing Enough to Train Local Staff in Africa?

Eric Olander, Cobus van Staden & more
The Chinese telecom giant Huawei recently launched a massive publicity campaign to raise awareness in Africa about what it is doing to train local employees. The company has opened at least five training centers in different countries across the...

China’s Undeserved Reputation for Building Bad Infrastructure in Africa

Eric Olander, Cobus van Staden & more
The Chinese build more infrastructure than any other country (foreign or African) in Africa. Chinese banks are financing billions of dollars in new loans, aid packages, and other deals to build badly-needed infrastructure across the continent, and...

China Says Other Topics Must Not Divert G-20’s Economy Focus

Bloomberg
Vice Foreign Minister Li Baodong said leaders shouldn’t be distracted by the South China Sea issue.

Why China’s Plan to Build a New Silk Road Runs Through Singapore

Bloomberg
Cultural ties make city-state key gateway to Southeast Asia.

China Shares Hit Seven-Month High; World Yields Keep Falling

Marc Jones
Reuters
Chinese stocks helped offset news that Japan’s economic growth had ground to a halt.

In China, Economic Data Highlights Growing Divide Between Regions

Mark Magnier
Wall Street Journal
Provinces’ first-half figures for GDP growth also have revived the debate over the country’s statistics.

Caixin Media

08.09.16

China's New 'Bad Loan' Managers: Savvy Saviors or Riskier than Ever?

As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions...

China Exports Slide on Weak Demand

Mark Magnier
Wall Street Journal
Global uncertainty and headwinds continue to buffet the world’s second-largest economy.

What a Former CIA China Expert Has Learned from 30 Years in the Field

Paul Haenle & Dennis Wilder from Carnegie-Tsinghua Center for Global Policy
As tensions between the United States and China rise over security issues in the Asia-Pacific region, some are concerned about the possibility of conflict between the world’s two largest economies. Dennis Wilder, former Senior Director for East Asia...

Books

08.02.16

Creativity Class

Lily Chumley
The last three decades have seen a massive expansion of China’s visual culture industries, from architecture and graphic design to fine art and fashion. New ideologies of creativity and creative practices have reshaped the training of a new generation of art school graduates. Creativity Class is the first book to explore how Chinese art students develop, embody, and promote their own personalities and styles as they move from art school entrance test preparation, to art school, to work in the country’s burgeoning culture industries. Lily Chumley shows the connections between this creative explosion and the Chinese government’s explicit goal of cultivating creative human capital in a new “market socialist” economy where value is produced through innovation.Drawing on years of fieldwork in China’s leading art academies and art test prep schools, Chumley combines ethnography and oral history with analyses of contemporary avant-garde and official art, popular media, and propaganda. Examining the rise of a Chinese artistic vanguard and creative knowledge-based economy, Creativity Class sheds light on an important facet of today’s China. —Princeton University Press{chop}

The Honeymoon between China and Africa Is Over and That’s a Good Thing

Eric Olander, Cobus van Staden & more
It wasn’t that long ago when it was all smiles between the Chinese and Africans. The headlines were all about “win-win” development, China’s role in helping Africa to rise above its colonial past, and investment—lots and lots of Chinese investment...

Historic Flooding Costs China $44.7 Billion So Far This Year

Wade Shepard
Forbes
’Ruthless’ urbanization takes its toll.

Caixin Media

07.27.16

New Territory For Financial Oversight Reform

An intense battle for control of China’s largest, publicly traded developer China Vanke Co. has exposed flaws in the nation’s financial supervision system that demand urgent attention.Vanke management and Baoneng Group, a property and insurance...

China’s Short-Changing Its Future

Christopher Balding
Bloomberg
One of the most critical tasks is developing a workforce for the 21st century.

Interpreting the South China Sea Tribunal Ruling

Paul Haenle & Elizabeth Economy from Carnegie-Tsinghua Center for Global Policy
International responses to the tribunal’s ruling in the South China Sea have raised questions about the stability of the Asia-Pacific region and what roles the United States and China have in it. In this podcast, Paul Haenle and Elizabeth Economy...

U.S., China Clash Over Market Economy Status at WTO

Tom Miles
Reuters
The United States warned China on Thursday that it had not done enough to qualify for market economy status.

Caixin Media

07.14.16

Business Strategies for China’s Brewing Crisis

Not a single, modern-day entrepreneur or investor in China has had to experience a substantial and painful economic slowdown, let alone a recession. The reason is simple: Since the nation’s reform and opening campaign began in 1978, China has never...

Likely Hack of U.S. Banking Regulator by China Covered Up

Jason Lange and Dustin Volz
Reuters
The report was released amid growing concern about the vulnerability of the international banking system.

Features

07.12.16

You Ask How Deeply I Love You

Anna Beth Keim
“Back when I was a soldier on Kinmen, around 1975, the water demons still sometimes killed people,” Xu Shifu (Master Xu) said. The laugh-lines at the corners of his eyes were not visible now, even in the white fluorescent light shining down from the...

China Corn Shortages Loom Despite Bulging Silos

Lucy Hornby
Financial Times
Discontinuing a minimum price policy in March distorted global markets and packed expensive grain into state reserves.

Conversation

07.08.16

Why Is There So Much Talk of China’s Bleeding Money?

Arthur R. Kroeber & Thilo Hanemann
China has seen its foreign reserves depleted for months, but economists don’t agree about why: Is it because Chinese people are buying offshore assets, such as real estate? Because Chinese companies are paying down their foreign debt? Or both? Or is...

China Stocks Rise on Reform Hopes, as Other Asian Shares Sag

Dominique Fong
Wall Street Journal
President Xi calls for overhauling state-owned enterprises....

Uncertainty in China-Europe Relations

Paul Haenle & François Godement from Carnegie-Tsinghua Center for Global Policy
Economic relations between Europe and China remain highly salient due to the potential for increased trade and investment, as well as future cooperation on projects stemming from the Belt and Road initiative. Yet, in this podcast with Paul Haenle,...

Depth of Field

07.01.16

Tornados and Drag Queens

Ye Ming, Yan Cong & more from Yuanjin Photo
Being a photojournalist involves reacting to breaking news, a dedication to long-term projects, and everything in between. This month’s showcase of work by Chinese photographers published in Chinese media underscores this range of angles: from the...

Infographics

06.30.16

Visualizing China’s Aid to Africa

Eva Constantaras
In June of last year, 50 countries signed on to the Chinese-led Asian Infrastructure Investment Bank, including the U.K., Germany, Australia, and South Korea, acknowledgement of China’s success in driving development through mega-projects to build...

China to Tolerate Weaker Yuan, Wary of Trade Partners’ Reaction

Kevin Yao, Nathaniel Taplin, and Lu...
Reuters
The yuan is already trading at its lowest level in more than five years.

Caixin Media

06.30.16

Chinese Investment in Euro Soccer Soars to Meet President’s Goals

Chinese companies are buying soccer teams across Europe, echoing the Beijing government’s ambitious plan to turn the nation into a soccer powerhouse.The powerhouse plan, which has backing from President Xi Jinping, has led to nine deals inked by...

China Stocks Extend One of The World’s Best Post-Brexit Rallies

Bloomberg
Shanghai composite climbs as the MSCI All-Country World Index tumbles....

China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit

Elias Glenn
Reuters
China vows to contain any drastic changes in the capital market after the global panic....

What China’s Successful Reforestation Program Means for the Rest of the World

Elizabeth Shockman
Public Radio International
China, as it turns out, is looking elsewhere to get the lumber it needs.

China’s Li Sees Increasing Uncertainties After Brexit Vote

Bloomberg
Sill, Premier Li Keqiang argues his nation has ample tools to meet challenges facing the economy.

Brexit Is Providing Great Fodder for China's Communist Propaganda Machine

Josh Horwitz
Quartz
Brexit is concrete evidence that democratic decision-making can lead to catastrophic results.

China and South Korea Sound Notes of Caution

Jane Perlez and Chris Buckley
New York Times
The People’s Daily said the British vote could indirectly unsettle China’s economy in the short term but was unlikely to leave deep, lasting damage.

Predictions For Post-Brexit China-UK Business

Klaus E. Meyer
Forbes
We have to look at the motives of Chinese investors in Europe.

The British Brexit Vote Is Awful News for China

Josh Horwitz and Heather Timmons
Quartz
Behind Xi’s opposition to the UK leaving is China’s difficult trade situation with the European Union.

Sinica Podcast

06.20.16

Arthur Kroeber vs. the Conventional Wisdom

Kaiser Kuo, Jeremy Goldkorn & more
In this episode of Sinica, we present an in-depth interview with Arthur Kroeber, the founding partner and head of research for Gavekal Dragonomics, an independent global economic research firm, and the editor-in-chief of its journal, China Economic...

China Climate Goals Trigger Launch of New Derivatives

Kathy Chen
Reuters
China’s clean energy pledges are prompting a supply of new financing tools to fund the estimated $6.53 trillion needed to switch from heavy, polluting industries to clean projects.

China’s Ambitious New ‘Silk Road’ Trade Route Takes Shape in Africa

Eric Olander, Cobus van Staden & more
Four years and hundreds of billions of dollars later, China’s ambitious global trading strategy known as the “New Maritime Silk Road,” or “One Belt, One Road” (OBOR), is now coming to life, particularly in parts of East Africa where major...

China Business Climate Draws Fire From U.S. Treasury Secretary

William Mauldin
Wall Street Journal
U.S. Treasury Secretary Jacob Lew says “high-standard bilateral investment treaty” would strengthen climate for U.S. businesses in China.

Uber Rival’s $28 Billion Valuation Shows Size of China’s Ride-Sharing Market

Paul Mozer and Michael J. de la Merced
New York Times
Recent fund-raising rounds in the ride-sharing market show that China is one of the most expensive markets in the world.

China Sends Bubbles To North America

Noah Smith
Bloomberg
China’s money flow could have consequence....

China Private-Investment Slowdown Fuels Fears of Weaker Growth

Mark Magnier
Wall Street Journal
Data hints at an even more unfavoring second quarter than the first....

China, Hong Kong Shares Fall as Global Investors Flee Risky Assets

Samuel Shen and Nathaniel Taplin
Reuters
Investors fretted ahead of this week's central bank meetings and Britain's referendum on whether to remain in the EU...

California Sees Surge in Chinese Illegally Crossing Border from Mexico

Tatiana Sanchez
Los Angeles Times
Between October and May, the first eight months of the fiscal year, Border Patrol agents in the San Diego sector apprehended an estimated 663 Chinese nationals, compared with 48 in the entire previous fiscal year and eight...

Why The U.S. Steel Industry Is Molten Hot Over China’s Trade Practices

Ian Talley
Wall Street Journal
China is urged to reduce its steel production for the sake of the U.S. economy....

Industrialization in Africa: Ethiopia Wants to Become the New ‘Made in China’

Eric Olander, Cobus van Staden & more
There’s a pretty good chance that some of the clothes you’re wearing, the shoes on your feet, and even the device you’re using to read this were made in China. Even as its economy slows, China remains the world’s factory, churning out billions of...

Caixin Media

06.06.16

Uncertain Future for China’s Market Status Bid

It’s been 15 years since China joined the World Trade Organization, and yet China is still waiting for the WTO to grant it market economy status. During this period, some Chinese businesses have expanded overseas while others have been accused of...

China’s Factory to the World Is in a Race to Survive

Bloomberg
President Xi wants Guangdong to set an example in his goal of moving away from the cheap-labor export model to an innovation-and-consumption-based one.

China's Hidden Unemployment Rate

Bloomberg
The jobless rate has trippled to 12.9 percent, compared with the official estimate of 4 percent, according to a new report by Fathom Consulting.

U.S. Chides China on Steel Glut, Treatment of Foreign Companies at Annual Talks

Simon Denyer
Washington Post
The U.S.-China Strategic and Economic Dialogue in Beijing is overshadowed by growing trade friction and the dispute over the South China Sea.

Depth of Field

05.31.16

Families, Weddings, and Beekeepers

Ye Ming, Yan Cong & more from Yuanjin Photo
This month’s Depth of Field column brings the stories of Chinese adoption; the marriage ceremony of Hu Mingliang and Sun Wenlin, a gay couple who filed the first civil rights marriage lawsuit to be accepted by a Chinese court (they lost); beekeepers...

Books

05.30.16

The China Triangle: Latin America's China Boom and the Fate of the Washington Consensus

Kevin P. Gallagher
In The China Triangle, Kevin P. Gallagher traces the development of the China-Latin America trade over time and covers how it has affected the centuries-old (and highly unequal) U.S.-Latin American relationship. He argues that despite these opportunities Latin American nations have little to show for riding the coattails of the ‘China Boom’ and now face significant challenges in the next decades as China’s economy slows down and shifts more toward consumption and services. While the Latin American region saw significant economic growth due to China's rise over the past decades, Latin Americans saved very little of the windfall profits it earned even as the region saw a significant hollowing of its industrial base. What is more, commodity-led growth during the China boom reignited social and environmental conflicts across the region. Scholars and reporters have covered the Chinese expansion into East Asia, Southeast Asia, Australasia, Africa, the U.S., and Europe. Yet China’s penetration Latin America is as little understood as it is significant-especially for America given its longstanding ties to the region. Gallagher provides a clear overview of China’s growing economic ties with Latin America and points to ways that Latin American nations, China, and even the United States can act in order to make the next decades of China-Latin America economic activity more prosperous for all involved. —Amazon{chop}

Viewpoint

05.26.16

China and the End of Reform

Thomas Kellogg
Is the Chinese Communist Party putting an end to the decades-long process of China’s opening to the outside world? Is the era of liberal reform over? Consider the latest piece of evidence: on April 28, the Standing Committee of the National People’s...

Warning Sign: China Sets Currency at 5-Year Low

Heather Long
CNN
Some believe that China's economic growth is actually 4.2% instead of the claimed 6.5%-7%...

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