US and China Release Fossil Fuel Subsidy Peer Reviews

Karl Mathiesen
Guardian
With public assessment of their subsidies, China and the US take a big step on transparency, but inch forward on reform

Is China Building a Road to Ruin?

Andrew Browne
Wall Street Journal
China beats the U.S. on infrastructure but at a heavy cost

Caixin Media

09.19.16

Chinese Spending Can Help Create Jobs in the United States

Trade does result in very real and serious job losses, while its benefits are spread more broadly over the entire U.S. economy. Yet many job losses are not a result of trade; they are actually driven by productivity gains related to rapid...

Obama’s Asia Legacy

Paul Haenle & Michael Green from Carnegie China
As President Obama enters his final months in office and a new administration prepares to take the helm in 2017, what will his legacy be in the Asia-Pacific? In this podcast, Paul Haenle and Michael Green, former senior director for Asian affairs at...

Environment

09.15.16

A Chinese Train Could Link South America’s Atlantic and Pacific Coasts by Rail for the First Time

from chinadialogue
Official bodies from Brazil and Peru have expressed concern about the social and environmental impacts of the proposed interoceanic railway, which will connect the coast of Peru and Brazil, cutting through 621 miles of pristine rainforest.In a...

Features

09.13.16

The Destruction of Baishizhou

Eli MacKinnon
Early this spring, the Chinese character for “demolish” (“拆”) showed up in red spray paint on a strip of shops in Shenzhen’s Baishizhou neighborhood. Wang An, 41, has been selling women’s underwear from one of these shops for the last 10 years. “...

Depth of Field

09.12.16

African Migrants in Guangzhou, Forgetting, Family Planning’s Fate, and More...

Yan Cong, Ye Ming & more from Yuanjin Photo
Photographing the aftermath of catastrophic events is challenging—one that photographer Mu Li handles with creativity and grace looking back at the chemical explosion in Tianjin that damaged as many as 17,000 homes August 12, 2015. Another challenge...

China Lays New Brick in Silk Road With First Afghan Rail Freight

Eltaf Najafizada
Bloomberg
China has for years had grand investment plans for Afghanistan’s resource riches.

Marriage Falls in China, Transforming Finances and Families

Amie Tsang and Zhang Tiantian
New York Times
The decline in marriages means a decline in the kind of spending China needs to drive economic growth.

China Rethinks Its Alliance With Reeling Venezuela

Kejal Vyas
Wall Street Journal
Concerns prompted emergency meetings between the Chinese envoy and state companies.

Surge in Offshore Yuan Borrowing Rate Suggests China Intervention

Saumya Vaishampayan and Lingling Wei
Wall Street Journal
Move by banks in Hong Kong market, likely at behest of PBOC, seems aimed at bets against yuan.

Tens of Thousands of Jobs Go as China’s Biggest Banks Cut Costs

Bloomberg
The cuts suggest that employment has peaked at the firms that are the world’s biggest providers of banking jobs.

Goldman Sachs: China Signaling Further Stimulus on the Way

Leslie Shaffer
CNBC
The bank pointed to China’s State Council meeting this week, which discussed plans to streamline the approval process for investment projects.

Sinica Podcast

09.07.16

Yiwu, a City at the Core of Cheap Chinese Goods

Kaiser Kuo, David Moser & more from Sinica Podcast
Renowned as a trading town during the Qing dynasty, the eastern city of Yiwu again became famous for its markets after China’s economic reforms kicked in during the 1980s. Since then, the metropolis of 1.2 million people has transformed into a hub...

China’s Hunger for Steelmaking Coal Fuels Price Rally

Rhiannon Hoyle
Wall Street Journal
China is increasingly relying on coking-coal shipments from abroad due to a local shortage.

China’s Swoop on Boeing Supplier Points to Aluminum’s Future

Bloomberg
Alcoa Inc., an iconic U.S. producer for more than a century, has shuttered all but one smelter and plans to split itself in two.

G20 A Success For China, But Hard Issues Kicked Down the Road

Ben Blanchard
Reuters
Scratch beneath the surface, and the gathering of the world's most powerful leaders was not all plain sailing.

Conversation

09.01.16

What Can We Expect from China at the G20?

Sophie Richardson, Joanna Lewis & more
On September 4-5, heads of the world’s major economies will meet in the southeastern city of Hangzhou for the G20 summit. The meeting represents “the most significant gathering of world leaders in China’s history,” according to The New York Times...

Media

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 China
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 China
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 China
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...