China Issues Plan for Gleaming High-tech Future

Gerry Shih
Reuters
China’s plan to promote advanced industry is supposed to aid its economy’s move away from low-value manufacturing.

Toward a Free and Democratic China

Dan Blumenthal and William Inboden
Weekly Standard
 Overhauling U.S. strategy in Asia.

Want a Green Card? Invest in Real Estate

Julie Satow
New York Times
Developers also take the search for investors in their projects on the road, primarily to China.

China Economy Loses More Steam in April, Further Stimulus on the Cards

Kevin Yao
Reuters
China's money supply grew at its slowest pace on record in April and investment growth sank to its lowest in 15 years.

Excerpts

05.14.15

The Bar

Suzanne Ma
She had been working at the bar for less than a week when the skin on her hands started to peel. Little bits of skin, translucent and pink, flaked off like Parmesan cheese. Then the cracks appeared. Tiny fissures ruptured at the joints and split her...

China’s Economy: A Slower Slowdown

Simon Rabinovich
Economist
It's been nearly six months since China began easing monetary policy and there's little sign of a rebound in growth.

Searching for Identity in China’s Outer Lands

Q. Sakamaki & Dave Gershgorn
New York Times
“ ‘China’s Outer Lands’ is about people instinctively looking for their own identity, between conformity or originality or autonomy or dependence,” Mr. Sakamaki said. “It’s natural, it’s happening in not only China, it’s everywhere.”

Two Way Street

05.12.15

Share and Be Nice

Orville Schell from Two Way Street
Having followed the progress of the People’s Republic of China for more than half a century, it is disquieting to now find the atmosphere between Americans and Chinese so stubbornly cool. Indeed, in certain key ways there was a greater sense of...

Two Way Street

05.12.15

We Need to Stay Coolheaded

Zhu Feng from Two Way Street
In recent years, a noticeable change has occurred in China-U.S. relations. The “problem areas” where the two countries tend to clash are increasing in both number and scope, and there has been a greater degree of hostility in judgments about the...

Caixin Media

05.12.15

The Urgency of Continuing with Reform

Concern about the middle-income trap has grabbed public attention again. The minister of finance, Lou Jiwei, recently said at Tsinghua University that China had a “50-50 chance” of sliding into it in the next five to 10 years. However, many...

Sinica Podcast

05.11.15

India Comes to China

Kaiser Kuo & Jeremy Goldkorn from Sinica Podcast
This week’s Sincia Podcast is about the upcoming visit to China of Indian Prime Minister Narendra Modi, who served from 2001 to 2014 as Chief Minister of Gujarat and was sworn into office almost one year ago this month. Modi’s visit comes at an...

Investors Pay a Price for Caution on China

Carolyn Cui
Wall Street Journal
Skittishness has kept cash out of Chinese shares, which have been on a tear. 

China’s Best Economic Forecaster Says Economy Will Rebound Again This Year

Angie Lau
Bloomberg
The central bank cut the benchmark interest rate a third time in six months. 

China Tilts Towards Liberal Latin American Economies

Lucy Hornby and Andres Schipani
Financial Times
China is promoting a Chinese-built, cross-Andes rail link that would allow Brazilian ore and soya to be shipped from Pacific ports in Peru to Asia.

China, Russia Prepare $2 Billion Agricultural Investment Fund

Chuin-Wei Yap
Wall Street Journal
The fund will develop agricultural projects in the two countries and set up a free-trade zone between their key farming belts.

As Russia Remembers War in Europe, Guest of Honor Is From China

Jane Perlez
New York Times
China’s leader, Xi Jinping, is an imperfect symbol of the wartime past and an uncertain one for Russia’s future.

Pool of Migrant Workers Expands Slower than in Past

Workers are also making more, National Bureau of Statistics says, and they are finding work closer to their rural homes.

China Pulls Out Stops to Avoid Lay-Offs as Economy Cools

Kevin Yao and Koh Gui Qing
Reuters
Some businesses are even enticed into hiring despite the slackening economic growth.

The Urgency of Continuing with Reform

Hu Shuli
The best way to side step the much-discussed middle-income trap is to forge ahead with changes to the growth model.

Books

05.05.15

Meet Me in Venice

Suzanne Ma
When Ye Pei dreamed of Venice as a girl, she imagined a magical floating city of canals and gondola rides. And she imagined her mother, successful in her new life and eager to embrace the daughter she had never forgotten. But when Ye Pei arrives in Italy, she learns her mother works on a farm far from the city. Her only connection, a mean-spirited Chinese auntie, puts Ye Pei to work in a small-town café. Rather than giving up and returning to China, a determined Ye Pei takes on a grueling schedule, resolving to save enough money to provide her family with a better future.{node, 15611}A groundbreaking work of journalism, Meet Me in Venice provides a personal, intimate account of Chinese individuals in the very act of migration. Suzanne Ma spent years in China and Europe to understand why Chinese people choose to immigrate to nations where they endure hardship, suspicion, manual labor, and separation from their loved ones. Today, all eyes are on China and its explosive economic growth. With the rise of the Chinese middle class, Chinese communities around the world are growing in size and prosperity, a development many westerners find unsettling and even threatening. Following Ye Pei’s undaunted path, this inspiring book is an engrossing read for those eager to understand contemporary China and the enormous impact of Chinese emigrants around the world. —Rowman & Littlefield{chop} 

Sinica Podcast

05.04.15

The Furor and the Asian Infrastructure Investment Bank

Kaiser Kuo & Jeremy Goldkorn from Sinica Podcast
A total of 57 countries have now joined the Asian Infrastructure Investment Bank, China’s newly-launched competitor to the Asian Development Bank (AIIB) that has sparked a flurry of objections from the United States, even culminating in a failed...

Buffett Bullish on China

Qian Ruisha
Global Times
Warren Buffett predicts a two-to-three-year boom in Mainland markets. 

China Focus: Cross-Strait Economic Forum Held in Shanghai

Xinhua
The forum could invite a wider spectrum of people to cover major issues of cross-Strait development. 

The U.S.-China Disconnect on Trade Deals

Bob Davis
Wall Street Journal
Obama cautions on Beijing’s rise as he pushes TPP at home; a look at key differences in how the U.S. and China approach trade expansion.

Reports

05.01.15

New Neighbors: Chinese Investment in the United States by Congressional District

National Committee on United States-China Relations
Foreign direct investment (FDI) is a vital component of the United States economy today and has been throughout the nation’s history. Investors from abroad are a source of growth, employment, competitiveness, and innovation, and their presence is...

China Rethinks Safety Net for Its Banking System

Neil Gough
New York Times
New deposit insurance could shake the public’s faith in the long-held belief in failsafe government bailouts.

Conversation

04.29.15

Is China Building Up Soft Power by Aiding Nepal?

Ashok Gurung, Zha Daojiong & more
A devastating earthquake has struck one of China’s smallest neighbors, the mountainous former kingdom known, since 2008, as the Federal Democratic Republic of Nepal. Surrounded on three sides by India—known in Nepali as a “friendly nation”—Nepal...

Features

04.28.15

Where Do We Draw the Line on Balancing China?

from Foreign Policy
Is it time for the United States to get serious about balancing China? According to Robert Blackwill and Ashley Tellis, the answer is an emphatic yes. In a new Council on Foreign Relations report, they portray China as steadily seeking to increase...

Caixin Media

04.28.15

Saudi Aramco’s Al-Falih on China Collaboration

Saudi Arabian Oil Company President and CEO Khalid A. Al-Falih has seen global oil prices rise and fall through at least six market cycles during his more than 30 years with the world’s largest crude producer and exporter.Al-Falih, 55, joined the...

Nepal Rejects Taiwan Rescue Team Offer, Says Minister

Agence France-Presse
Nepal does not recognize Taiwan, considered by China as part of its territory awaiting to be reunited since their split in 1949 at the end of a civil war.

Nepal Earthquake: India and China Send Rescue Teams to Himalayan Nation

Niharika Mandhana and Charles Hutzler
Wall Street Journal
China sent 62 rescue workers, six sniffer dogs, and was providing about $3.2 million in supplies.

China, Africa, and the PRC’s Massive New Development Bank

Eric Olander, Cobus van Staden & more
Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be to develop infrastructure projects in...

China Employment Resilient Despite Slower Economic Growth

Kevin Yao
Reuters
The world's No. 2 economy created 3.24M new jobs in Q1, down from 3.44 million during the same period last year. 

China Manufacturing Gauge Falls to One-Year Low

William Kazer
Wall Street Journal
An initial gauge of China’s factory activity showed further weakness in April, defying government efforts to support the economy.

Conversation

04.23.15

A New Era for China and Pakistan?

Andrew Small, Paul J. Smith & more
This week, Chinese President Xi Jinping visited Islamabad and showered Pakistan with attention and promises of $46 billion in development support. What does this intensified Sino-Pakistani engagement mean for Asia and the rest of the world? —The...

Caixin Media

04.22.15

China’s Anti-Corruption Drive: Don’t Stop Now

Beijing’s fight against corruption is now two years old. Some significant results have been achieved, winning strong public support. But it’s becoming increasingly difficult to move the campaign forward.The general public and government officials...

Xi Says Increasingly Confident in China-Pakistan Ties

Xinhua
Xi called for focus on the China-Pakistan Economic Corridor, the Gwadar Port, energy, transport infrastructure, and industrial cooperation.

China Airs Pilot Free-Trade Zone National Security Rules for Foreign Investment

Lawrence Chung
South China Morning Post
Investments in defence, the economy, social order, culture, and the Internet, will be reviewed.

China is Still Rising, Just More Slowly

Hu Angang
Foreign Affairs
Embracing China's "new normal" or why the economy Is still 
on track.

Curbs on Foreign Investment Cut for Four FTZs

Zhong Nan
China Daily
Pilot free trade zones in Tianjin, Guangdong, Fujian, and Shanghai now have fewer restrictions.

China’s One Belt, One Road Initiative

Jacob Stokes
Foreign Affairs
Beijing looks West toward Eurasian integration.

What China’s and Pakistan’s Special Friendship Means

Ishaan Tharoor
Washington Post
Sino-Pakistan friendship, read Islamabad billboards, "is higher than mountains, deeper than oceans, sweeter than honey, and stronger than steel."

China Cracks Down on Golf, the ‘Sport for Millionaires’

Austin Ramzy
New York Times
Party officials in Guangdong, home to the 12-course Mission Hills Golf Club, are now forbidden to golf during work hours.

China’s Controversial Trade in Africa’s Natural Resources

Eric Olander & Cobus van Staden
China often faces blistering criticism for its voracious appetite for Africa’s natural resources. Chinese companies are spread across the continent mining, logging, and fishing to feed both hungry factories and people back home. In most, if not all...

China Raises Red Flag on Its Stock Markets

Chao Deng
Wall Street Journal
Regulator warns investors not to borrow money or sell property to buy shares. 

New Asian Development Bank Seen As Sign Of China’s Growing Influence

Jim Zaroli
NPR
Obama worries the new bank will compete with the Western-led World Bank and the International Monetary Fund.

Conversation

04.16.15

How Much Consumerism Can China Afford?

Andrew Batson & Matthew Crabbe
This week, a blockbuster movie celebrating speedy cars and the racing life landed atop China’s box office. The Hollywood import Fast and Furious 7 grossed $63 million in one day (as reported by Bloomberg), the most-ever for a single title in that...

BMW China Dealers Press Auto Maker for More Financial Support

Rose Yu and Colum Murphy
Wall Street Journal
In letter to German luxury car maker, dealers call on BMW to set more realistic sales targets.

Where Does Hillary Clinton Stand on China and Russia?

Steve Clemons
Atlantic
It's unclear how she would manage two of America's most important and complex relationships.

China’s G.D.P. Slows to 7 Percent, the Weakest Rate Since 2009

Neil Gough
New York Times
China’s G.D.P. Slows to 7 Percent, the Weakest Rate Since 2009 

Wild Pigeon

Photos by Carolyn Drake, words by...
Daylight
“The underlying theme I heard when talking to people was that how you interpret things is how they will be, so its best to look at the bright side of things. You don’t mention bad dreams, or you try to interpret them in a positive way. People told...

China’s Booming Stockmarket — The Bubble Question

Economist
Whereas China’s growth has drifted steadily lower, its share indices have doubled in value. 

Caixin Media

04.14.15

Bulldozing the Cadre Who Revamped Kunming

Warm, sunny Kunming brimmed with charm before Communist Party leader Qiu He brought an autocratic style of governance to town and spurred the urbanization campaign that preceded his downfall.Today, this historic city in southwestern China is a...

Media

04.14.15

Henry Paulson: ‘Dealing with China’

Eric Fish from Asia Blog
Speaking at Asia Society New York on April 13 with New Yorker correspondent Evan Osnos, former U.S. Treasury Secretary Henry Paulson explained that it’s impossible to predict the timing or magnitude of a financial crisis, but any country with...

Hank Paulson: Economic Challenges, China — and the Birds

Susan Page
USA Today
Paulson says the United States needs a clear-eyed, coordinated, consistent approach to the formidable challenge from China.

China’s Island-Building Is Ruining Coral Reefs, Philippines Says

Floyd Whaley
New York Times
China’s South China Sea neighbors could lose up to $100 million a year because reefs are fish breeding grounds.

China’s March Exports Shrink 15 Percent Year-on-Year in Shock Fall

Koh Gui Qing and Kevin Yao
Reuters
The tumble could heighten worries about how a rising yuan hurt demand for Chinese goods and services abroad.

We Traveled Across China and Returned Terrified for the Economy

Timothy Coulter
Bloomberg
China’s steel and metals markets, a barometer of the world’s second-biggest economy, are “a lot worse than you think.”