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Economy

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

Elizabeth Shockman
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%...

China Said To Plan Asking U.S On Timing Of Fed Rate Hike

Bloomberg
China hopes for a July inflate as exchange rates weaken....

China Pouring Billions Into Majority Tibetan Ganzi Prefecture

Eric Baculinao
NBC News
Beijing aims to spend nearly $30 billion over a five-year period in the majority Tibetan prefecture of Ganzi in western Sichuan province.

Conversation

05.24.16

How Much Debt Is Too Much in China?

Yukon Huang, Houze Song & more
In the first quarter of 2016, Chinese debt rose to 237 percent of GDP—a level comparable to that of the U.S. or the Eurozone and yet much larger than that of most developing economies, according to analysis by The Financial Times. Additionally,...

Abandoning TPP Free-Trade Deal Would Give China Free Pass: Chamber of Commerce

Matthew Belvedere
If America backs out of the Trans-Pacific Partnership, free trade allies in the region may turn to China.

China's 'Zombie' Steelmakers Hit With Huge U.S. Tariffs

Ed Flanagan
NBC News
Similar dissatisfaction with dumping has been seen in Europe, India and Australia, where investigations and similar taxes have also been levied against Chinese steel.

China Challenged to Keep Yuan Stable as Dollar Rises

Lingling Wei
Wall Street Journal
PBOC must support growth while keeping currency valuable enough to stem flood of wealth abroad.

Three Myths about China in Kenya

Apurva Sanghi and Dylan Johnson
Brookings Institution
Despite many problems, China’s involvement in Kenya is a net positive, as most trade relations in the world tend to be.

Why Chinese Agriculture Engagement in Africa is Not What it Seems

Eric Olander, Cobus van Staden & more
The Western and African media have long fueled the myth that Chinese investors are buying up vast tracts of land across Africa as part of a neo-colonial plan to export food back to China. Sure, on one level, the theory appears plausible: China has...

2016 Elections in a Changing Asia-Pacific

Paul Haenle & Douglas H. Paal from Carnegie-Tsinghua Center for Global Policy
With Tsai Ing-wen taking office in Taipei next week and the U.S. presidential election approaching, new players will be taking the reins in the Asia-Pacific. In this podcast with Paul Haenle, Douglas Paal discusses the future of U.S.-China relations...

Media

05.12.16

The End of China’s Economic Miracle? A Discussion with ‘Financial Times’ Writers

George Soros, Jamil Anderlini & more
On April 20, 2016, a panel of Financial Times correspondents and editors with China experience, joined by financier and occasional FT columnist George Soros, discussed rural-to-urban migration, wage growth, real estate ups and downs, the increasing...

The Latest U.S.-China Trade Spat Is over Chicken

Charles Riley
CNN
The Obama administration has accused China of unfairly blocking U.S. poultry imports, the latest in a series of election-year trade disputes between Washington and Beijing.

China Party Mouthpiece Echoes Soros' Debt Fears

Tom Mitchell
Financial Times
‘Authoritative’ source warns party paper of ‘deadly’ risk to economy.

Why Chinese Companies in Africa Are Improving Their Behavior

Eric Olander, Cobus van Staden & more
Chinese companies around the world, particularly in Africa, have a well-earned reputation for being bad corporate citizens. There are countless stories of labor rights violations, disregard of environmental policies, and lack of engagement with...

Books

05.05.16

Alibaba

Duncan Clark
In just a decade and half, Jack Ma, a man from modest beginnings who started out as an English teacher, founded and built Alibaba into one of the world’s largest companies, an e-commerce empire on which hundreds of millions of Chinese consumers depend. Alibaba’s $25 billion IPO in 2014 was the largest global IPO ever. A Rockefeller of his age who is courted by CEOs and Presidents around the world, Jack is an icon for China’s booming private sector and the gatekeeper to hundreds of millions of middle class consumers.Duncan Clark first met Jack in 1999 in the small apartment where Jack founded Alibaba. Granted unprecedented access to a wealth of new material, including exclusive interviews, Clark draws on his own experience as an early adviser to Alibaba and two decades in China chronicling the Internet’s impact on the country to create an authoritative, compelling narrative account of Alibaba’s rise.How did Jack overcome his humble origins and early failures to achieve massive success with Alibaba? How did he outsmart rival entrepreneurs from China and Silicon Valley? Can Alibaba maintain its 80 percent market share? As it forges ahead into finance and entertainment, are there limits to Alibaba’s ambitions? How does the Chinese government view its rise? Will Alibaba expand further overseas, including in the U.S.? Clark tells Alibaba’s tale in the context of China’s momentous economic and social changes, illuminating an unlikely corporate titan as never before. —HarperCollins{chop}

China Bondholders Lose Their Beijing-Bailout Confidence

Jasper Moiseiwitsch and Carol Chan
Wall Street Journal
Investors’ long-held assumption that the government would step up for state-run companies is shaken.

China Lending Inflates Real Estate, Stocks, Even Egg Futures

Neil Gough
New York Times
China is pouring hundreds of billions of dollars into its economy in a new effort to support growth.

As BRICS Slow Investments in Africa, Turkey Ramps Up

Eric Olander, Cobus van Staden & more
Remember when the BRICS were going to power the global economy? Well, the past few years have not been kind to Brazil, Russia, India, China, and South Africa. With the exception of India, the other members of this once elite diplomatic club are...

Depth of Field

04.29.16

April’s Best Chinese Photojournalism

Yan Cong, Ye Ming & more from Yuanjin Photo
Over the past few weeks, the publications Sina, Tencent, Caixin, China Youth Daily, and the publishing duo Sixth Tone/The Paper published photo stories on the intimate, the industrial, the private, and the political. Journalists Yan Cong and Ye Ming...

IMF Says China Debt Swap, NPL Securitization Could Create More Problems

Huileng Tan
The IMF estimates corporate debt in China at 160 percent of GDP.

U.S. Steel Accuses China of Stealing Trade Secrets

Robert Mclean
CNN
U.S. Steel Corp has accused Chinese steel producers of breaking trade rules, and it wants the U.S. International Trade Commission to investigate.

China Clamps down on Commodities Frenzy

Henry Sanderson, Neil Hume and David...
Financial Times
China curbs excessive speculation in commodities on Monday after weeks of frenzied trading boosted prices and ignited fears of another bubble in its domestic markets.

World's Steel Makers To China: Time To Cut The Glut

Marilyn Geewax
NPR
The "excess" production is causing such a crisis for the global steel industry that U.S. is joining an international push to try to cut the glut...

China’s Real Estate Conundrum: The Big Property Bubble vs. Ghost Towns

Duncan Hewitt
International Business Times
China is suffering from a glut of real estate development, the result of a massive boom in construction.

Chinese Official Calls Trump 'Irrational' on Trade

David Shepardson
Reuters
Chinese Finance Minister Lou Jiwei criticized Trump for his proposal that tariffs on imported Chinese goods be increased to up to 45%.

Books

04.18.16

China’s Future

David Shambaugh
China’s future arguably is the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper.Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world’s leading superpower? Or will its leaders shy away from the drastic changes required because the regime’s power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian, and aggressive superstate?In this new book, David Shambaugh argues that these potential pathways are all possibilities—but they depend on key decisions yet to be made by China’s leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China’s future for all those seeking to understand the country’s likely trajectory over the coming decade and beyond. —Polity Press{chop}

China Summons G7 Diplomats to Protest S. China Sea Statement

Associated Press
China said the G-7 countries should have focused on global economy instead of "hyping up maritime issues and fueling tensions in the region."...

China’s New Security Challenge: Angry Mom-and-Pop Investors

Chuin-Wei Yap
Wall Street Journal
As they watch their nest eggs dwindle, some hit the streets in protest.

China Wants to Become a ‘Soccer Superpower’ by 2050

Charlie Campbell
Time
It isn't just about sport. The strategy also has broad economic and political implications...

Pork Shortage in China Leads to Soaring Prices, Rush to Import

Lucy Craymer
Wall Street Journal
U.S. pig industry benefits from boost in exports to pork-loving China.

Environment

04.08.16

China Pulls Emergency Stop on Coal Power Construction

from chinadialogue
China’s central government has ordered local authorities to delay or cancel construction of new coal-fired power plants, as regulators attempt to reduce a glut in capacity, just one year after decisions were delegated to the provinces.The National...

China Stanches Flow of Money Out of the Country, Data Suggests

Keith Bradsher
New York Times
The shift mainly stems from the weakness in the dollar and the government's effort to stop people from sending money out...

China Tightens the Trade Screws on North Korea

Associated Press
China has banned most imports of North Korean coal and iron ore, the country's main exports...

Caixin Media

04.05.16

No Point in Ramping Up Personal Debt to Help Property Market

Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been...

Price Falls Keep China's Property Developers Grounded

Ben Bland
Financial Times
Analysts fear the Goldin development, which is meant to be the heart of a new commercial district, is the wrong project at the wrong time.

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