China and India Launch Investment Spree in Africa Ahead of Key Summit

Justina Crabtree
CNBC
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have continued to lend in tandem to African countries ahead of a major emerging markets summit in Johannesburg, South Africa, beginning on Wednesday.

Big Investors Are Placing Bets on China’s Facial Recognition Start-Ups

Jamie Condliffe
New York Times
In the past week, Chinese facial recognition companies, according to a pair of reports, were close to raising as much as $1.6 billion.

U.S.-China Tensions over Trade and Technology

Paul Haenle & Chen Dingding from Carnegie-Tsinghua Center for Global Policy
Chen says deteriorating bilateral relations are due to both the Trump administration’s trade policies and to a growing U.S. consensus that foreign policy toward China should be reevaluated. The Chinese government’s view that industrial policy is a...

China’s Effort to Control Debt Loses Steam

Chao Deng and Lingling Wei
Wall Street Journal
China is letting up on its drive to keep a lid on debt growth as it faces a softening economy at home and escalating trade tensions with the U.S.

US-China Trade Brawl Threatens America’s Booming Oil Exports

Matt Egan
CNN
China is America’s second-biggest crude oil customer, and Beijing has threatened to retaliate against President Donald Trump’s trade crackdown by imposing tariffs on US crude oil.

Surveillance Fears Cloud China’s ‘Digital Silk Road’

Nyshka Chadran
CNBC
A major element of China’s continent-spanning Belt and Road Initiative has nothing to do with roads, ports or power plants.

China Is Better Able To Withstand A Trade War Than In The Past

Jim Zarroli
NPR
As President Trump threatens to heap more tariffs on Chinese imports, he’s got one important fact on his side: The United States remains China’s biggest single export market, buying some $500 billion in goods last year alone.

Conversation

07.12.18

Can China Replace the U.S. in Europe?

Jan Weidenfeld, Isabel Hilton & more
The G7 debacle reminded Europeans the problems with relying on a fraying transatlantic partnership. Meanwhile, China has been playing a larger role on the continent, increasing its investment and its political influence. On July 6-7, Bulgaria held...

Crisis in U.S. Nuclear Talks With Pyongyang Not China’s Doing, Experts Say

Keith Johnson
Foreign Policy
President Donald Trump has suggested that China might be to blame for an apparent crisis in nuclear talks between the United States and North Korea — arguing that Beijing could be undermining the agreement because of anger over the escalating trade...

Welcome to China, Tesla. Now Time to Cough Up

Anjani Trivedi
Bloomberg
Welcome to China, Elon. Let’s talk about how this is going to work.

New Round of U.S.-China Trade War Rattles Global Markets

Alexandra Stevenson
New York Times
President Trump’s escalating trade war with China rattled global markets on Wednesday.

A U.S. View on China’s So-Called ‘Debtbook Diplomacy’ Agenda

Eric Olander, Cobus van Staden & more
For the past year or so, senior U.S. government officials have been accusing China of engaging in so-called “debtbook diplomacy,” a tactic that Washington contends intentionally burdens developing countries with billions of dollars of loans. When...

Exclusive: China Presses Europe for Anti-U.S. Alliance on Trade

Robin Emmott, Noah Barkin
Reuters
China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said.

Trump Moves to Block China Mobile's U.S. Entry on Security Concerns

Brenda Goh, Sijia Jiang
Reuters
The U.S. government has moved to block China Mobile (0941.HK) from offering services to the country’s telecommunications market, recommending its application be rejected because the firm posed national security risks.

China’s Massive ‘Belt and Road’ Spending Spree Has Caused Concern around the World, and Now It's China’s Turn to Worry

Christopher Woody
Business Insider
Since announcing its Belt and Road Initiative five years ago, China has spread billions of dollars around Asia, Africa, and Eastern Europe, supporting a variety of infrastructure projects and stoking concern about Beijing's growing global sway...

Made in China 2025

Paul Haenle & Paul Triolo from Carnegie-Tsinghua Center for Global Policy
China’s “Made in China 2025” policy to upgrade its industry plays a central role in the ongoing U.S.-China trade tensions. Paul Haenle sat down with Paul Triolo, practice head of Geo-technology at the Eurasia Group, to discuss how the Chinese...

Depth of Field

06.28.18

Staying on Point in Rural China

Ye Ming, Yan Cong & more from Yuanjin Photo
In this edition of Depth of Field: aspiring ballerinas, what’s beneath the gilt in a rich Zhejiang town, worn out doctors, disappearing schools, melting snow, data farms, and the powerful appeal of dancing outdoors.

An American Lean-In Guru in China

John Corrigan
Wall Street Journal
Joy Chen got a glimpse of the limelight as a Los Angeles deputy mayor two decades ago, but it was nothing like the fame she has found in China urging women to forget what they’ve been taught about matrimony.

Xi Hits Back at Critics Who Call China’s Opening Up ‘a Joke’

Bloomberg News
Bloomberg
Chinese President Xi Jinping hit back at critics, saying in a speech on Thursday that those who think the nation’s opening up is "a joke" haven’t seen the confidence that Chinese people have in reform efforts...

Meituan Wants to Be the Grubhub of China (and the Yelp, and the Groupon, and the Kayak)

Liza Lin
Wall Street Journal
China’s burgeoning middle class, which increasingly is going online for everything from ordering lunch to booking hotel rooms, is fueling expectations that an 8-year-old startup with an innovative smartphone app will go public at a lofty $60 billion...

China’s Rust-Belt Region Has a New Hope for Revival: North Korea

Frank Tang
South China Morning Post
China’s rust-belt region, which has been plagued by an inefficient state economy and exodus of talent, is now pinning its hopes on a new factor to help its revival: North Korea.

A Full-Blown Trade War between America and China Looks Likely

The Economist
Economist
It is becoming increasingly likely that the phoney trade war between America and China will develop into the real thing.

Books

06.20.18

The Third Revolution

Elizabeth C. Economy
Oxford University Press: In The Third Revolution, eminent China scholar Elizabeth C. Economy provides an incisive look at the transformative changes underway in China today. Chinese leader Xi Jinping has unleashed a powerful set of political and economic reforms: the centralization of power under Xi, himself; the expansion of the Communist Party’s role in Chinese political, social, and economic life; and the construction of a virtual wall of regulations to control more closely the exchange of ideas and capital between China and the outside world. Beyond its borders, Beijing has recast itself as a great power, seeking to reclaim its past glory and to create a system of international norms that better serves its more ambitious geostrategic objectives. In so doing, the Chinese leadership is reversing the trends toward greater political and economic opening, as well as the low-profile foreign policy, that had been put in motion by Deng Xiaoping’s “Second Revolution” 30 years earlier.Through a wide-ranging exploration of Xi Jinping’s top political, economic, and foreign policy priorities—fighting corruption, managing the Internet, reforming the state-owned enterprise sector, improving the country’s innovation capacity, enhancing air quality, and elevating China’s presence on the global stage—Economy identifies the tensions, shortcomings, and successes of Xi’s reform efforts over the course of his first five years in office. She also assesses their implications for the rest of the world, and provides recommendations for how the United States and others should navigate their relationship with this vast nation in the coming years.{chop}

Pompeo Calls China’s Appeals for More Trade Openness a ‘Joke’

Nick Wadhams and Sarah Gardner
Bloomberg
Secretary of State Mike Pompeo amplified President Donald Trump’s tough line in a brewing trade war with China in a speech on Monday, saying U.S. action was long overdue and calling Chinese appeals for greater economic openness “a joke.”

China’s Social Credit System Spreads to More Daily Transactions

Jack Karsten and Darrell M. West
Brookings Institution
In May, enforcement of China’s social credit system spread to the travel industry, restricting millions of Chinese citizens with low social credit scores from purchasing plane and train tickets.

Strange Bedfellows: Trump Trade Fight Brings Japan and China Together

Peter Landers
Wall Street Journal
President Donald Trump’s tough line on trade with China has finally given Japanese Prime Minister Shinzo Abe something to agree with Beijing about.

China Stocks Plunge to Two-Year Low on Tariff Threat; Yuan Sinks

Bloomberg News
Bloomberg
China’s benchmark equity gauge tumbled to a two-year low and the yuan weakened as a worsening trade dispute with the U.S. spurred panic selling. Bonds gained.

Trump Threatens Tariffs On $200 Billion Of Chinese Goods

Christopher Dean Hopkins
NPR
In the latest move in an escalating trade dispute, President Trump announced Monday evening that he was asking U.S. Trade Representative Robert Lighthizer to suggest $200 billion worth of Chinese goods on which the U.S. could impose a 10 percent...

Kim Jong-un Returns to China, This Time With Leverage

Jane Perlez
New York Times
North Korea’s leader, Kim Jong-un, arrived in Beijing on Tuesday amid an escalating trade conflict between China and the United States, one that gives him an opening to play the powers against each other as Washington presses him to dismantle his...

Conversation

06.14.18

One Year After They Almost Went to War, Can China and India Get Along?

Joel Wuthnow, Selina Ho & more
One year ago, the Chinese and Indian armies faced off at Doklam, a disputed Himalayan area on the border between China, India, and the tiny kingdom of Bhutan. While the two sides didn’t go to war over the border as they did in 1962, tensions were...

China’s Master Plan: How the West Can Fight Back

Hal Brands
Bloomberg
In the first three installments of this series, I've explored the changing nature of China's challenge to U.S. interests and the existing international order, with a particular focus on three issues: China’s progressively more global...

China’s Political Meritocracy versus Western Democracy

Daniel Bell
Economist
Chinese meritocrats support democratic values but not elections, says Daniel Bell of Shandong University.

Trump Could Slap China with Tariffs as Soon as Friday

Adam Behsudi
Politico
President Donald Trump is expected to impose tariffs on Chinese goods as soon as Friday or next week, according to two sources briefed on internal deliberations, a move that is sure to further inflame tensions and spark almost immediate retaliation...

Chinese Companies May Invest in North Korea. American Not so Much

Daniel Shane
CNN
President Donald Trump met North Korean leader Kim Jong Un in Singapore on Tuesday at a historic summit that the United States hopes will lead to North Korean nuclear disarmament.

Somalia Aims to Be Heard at Upcoming China-Africa Mega Summit

Eric Olander, Cobus van Staden & more
Around 50 African leaders are expected to be in Beijing in September for the upcoming Forum on China-Africa Cooperation (FOCAC) summit. While Africa’s largest and most strategically important countries will likely do very well, receiving huge...

Chinese President Xi Jinping Calls Blockchain a ‘Breakthrough’ Technology

Evelyn Cheng
CNBC
Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has “breakthrough” applications.

US-China Trade Battle: Catch Up Here

Alanna Petroff, Rishi Iyengar and...
CNN
The odds of a messy trade war between the United States and China are rising again.

Trump Announces Tariffs on China, Tech Crackdown Ahead of Key Trade Meeting

David J. Lynch
Washington Post
Trump slaps $50B tariffs as Commerce Secretary is due to arrive in Beijing on Saturday for talks.

U.S.and China Clash over 'Technology Transfer' at WTO

Tom Miles
Reuters
Chinese and U.S. envoys sparred over Trump’s claims that China steals American ideas.

Ivanka Trump Wins China Trademarks, Then Her Father Vows to Save ZTE

Sui-Lee Wee
New York Times
China awarded Ivanka Trump seven new trademarks in businesses including books and housewares.

China's Ant Financial Raises $10 Billion at $150 Billion Valuation: Sources

Kane Wu
Reuters
The capital-raising comes ahead of a widely expected initial public offering.

China’s ‘Digital City’ Showcases Xi’s Grand Ambition

Yizhen Jia and Gabriel Wildau
Financial Times
Transformation of rural backwater into the new Shenzhen is still some way off.

Viewpoint

05.23.18

Germany Needs China to Save the Global Order from Trump

Sebastian Heilmann from Mercator Institute for China Studies
The U.S. president’s attacks on multilateralism may push Chancellor Merkel into an unlikely alliance with Beijing. Germany and the EU have to test ways to work with China in the absence of transatlantic coordination. The goal must be to organize an...

US Seeks Greater Scrutiny of China Tech Investment

Shawn Donnan
Financial Times
Senate considers bill that may increase U.S. scrutiny of Chinese investments.

China Cuts Car Tariffs, in a Small Offering to U.S. on Trade

Keith Bradsher
New York Times
The small change is unlikely to motivate automakers to shift production.

Trump Retreated from China Tariffs Because of White House Discord, Sources Say

Saleha Mohsin, Justin Sink, Jenny...
Bloomberg
White House disagreement over trade strategy led Trump to retreat from tariffs.

In China, Photo of Trade Talks Embodies ‘Young’ Country Passing Aging U.S.

Raymond Zhong
New York Times
A distinct age gap between Chinese delegates and American lawmakers.

Railroaded: The Chinese High-Speed Train Network No One Else Really Wants

Trefor Moss
Wall Street Journal
Terrain is easy, negotiations hard, as construction begins on politically fraught route through Southeast Asia.

China Drops Sanctions Probe into US Sorghum Imports

BBC
BBC
China says it is dropping an anti-dumping probe into sorghum imports from the US, as the two sides discuss ways of easing trade tensions.

Trump Cedes Trade Leverage to China in His Quest for Kim Summit

Saleha Mohsin and Nick Wadhams
Bloomberg
North Korea may turn out to be Chinese President Xi Jinping’s greatest ally in negotiating a trade deal with President Donald Trump.

Railroaded: The Chinese High-Speed Train Network No One Else Really Wants

Trefor Moss
Wall Street Journal
Li Guanghe has built some of the most technically complex railroads in China.

At the Height of His Power, China’s Xi Jinping Moves to Embrace Marxism

Steven Jiang
CNN
Why is President Xi Jinping, the most powerful Chinese leader in decades, presiding over a wealthy and resurgent China, embracing the philosophical ideas of Karl Marx?

Conversation

05.18.18

Does China Have a Jobs Problem?

Geoffrey Crothall, Ivan Franceschini & more
In a surprise Sunday tweet, U.S. President Donald Trump said he supported helping the phone-maker ZTE, a Chinese tech giant which has been one of the hardest hit from U.S.-China trade tensions. “Too many jobs in China lost,” he wrote. Though Trump...

China Has Decided Russia Is Too Risky an Investment

Maximilian Hess
Foreign Policy
On May 4, the planned investment by the Chinese company CEFC China Energy into Russian state oil giant Rosneft fell apart, eight months after it was first announced.

In Silicon Valley, Chinese ‘Accelerators’ Aim to Bring Startups Home

Koh Gui Qing, Salvador Rodriguez
Reuters
Beijing’s unslakeable thirst for the latest technology has spurred a proliferation of “accelerators” in Silicon Valley that aim to identify promising startups and bring them to China.

From Folk Singer to International Finance Expert - Liao Min Is a New Face on China’s Trade Team in Washington

Orange Wang
South China Morning Post
On the official list of the Beijing delegation that arrived in Washington on Tuesday for trade talks, there is a new name.

US Team Divided as Trade Talks with China Begin

Shawn Donnan and Tom Mitchell
Financial Times
China and the US are set to begin a second round of high-level talks aimed at averting a trade war, amid signs of the Trump administration’s internal divide over how to deal with Beijing.

OneSpace Launches China’s First Private Rocket

Michelle Toh and Serenitie Wang
CNN
OneSpace, a startup based in Beijing, on Thursday became the country’s first private company to launch its own rocket.

Caixin Media

05.16.18

China Must Continue to Open up within World Economy

In the future, China must do more than simply open up the manufacturing sector and lift restrictions on foreign shareholders and the scope of business foreigners can conduct. China will also need to accelerate the opening-up of the service...