The Vitamin C Cartel (Video)

New American Foundation
A Chinese cartel has come to control 100% of the Vitamin C that is contained in foods found in American supermarkets, an unprecedented circumstance which will have political and economic ramifications in the near future. 

China to United States: Don’t Default, For Our Sake

Dan Kedmey
Time
One day after Republican House Speaker John Boehner promised to “stand and fight” over the budget, Chinese officials pleaded with America’s deadlocked Congressmen to stand down, because otherwise China, the U.S.’s biggest creditor, will be...

Reports

10.10.13

Congressional-Executive Commission on China: 2013 Annual Report

United States Congress
The Commission notes China’s lack of progress in guaranteeing Chinese citizens’ freedom of expression, assembly, and religion; restraining the power of the Chinese Communist Party; and establishing the rule of law under the new leadership of...

China Data Proves Doubters Wrong

Richard Silk
WSJ: China Real Time Report
Not long ago analysts were pondering whether China could meet its 7.5% growth target for the year. Now, after a series of happy surprises on the economic front, the question is how far third quarter growth will exceed that goal. 

Obama’s Absence Leaves China as Dominant Force at Asia-Pacific Meeting

Jane Perlez and Joe Cochrane
New York Times
Secretary of State John Kerry replaced President Obama at the opening of the Asia-Pacific Economic Cooperation, leaving China’s president, Xi Jinping, as the dominant leader at a economic gathering.

China’s Economy, Back on Track

Henry M. Paulson
New York Times
This vast array of specific reforms can’t be achieved at a stroke, and certainly not at a single party gathering. But the decisions likely to be taken in November will set China’s economy in a positive—and lasting—new direction.

Media

10.07.13

Just How Free Is Shanghai’s New Free Trade Zone?

This article is adapted, with updates, from the September 20 article “China’s New Free Trade Zone: Silver Bullet or Stopgap Measure?“Two weeks after taking office in March 2013, China’s Premier Li Keqiang announced that Shanghai, the country’s...

Big Reform Plans for China’s Newest Trade Zone Set High Expectations

Pete Sweeney
Reuters
China has formally announced detailed plans for a new free-trade zone in Shanghai, touted as the country’s biggest potential economic reform since Deng Xiaoping used a similar zone in Shenzhen to pry open a closed economy ...

Infographics

10.01.13

Markups, Kickbacks, and Sellouts: What’s Wrong with China’s Medical System

from Sohu
As the United States haltingly moves to implement the Affordable Care Act, China claims it has already achieved universal rural health care, with more than 800 million rural residents enrolled in a medical plan. Yet according to recent reports the...

Reports

10.01.13

China’s Absorptive State

Kirsten Bound, Tom Saunders, James Wilsdon, Jonathan Adams
Nesta
A great deal of speculation surrounds China’s prospects in science and innovation, as with other aspects of China’s development and heightened visibility on the global stage. The same pitfalls—of hype, generalization, and only partial awareness of...

Caixin Media

09.30.13

Reform of State-Owned Enterprise Requires Adopting Modern Governance

Corruption involving the country’s state-owned enterprises (SOEs) has hogged the headlines. So far, senior executives at China National Petroleum Corp. have been sacked, former railways officials have been hauled to court and, most recently, news...

China’s Maritime Disuptes

Council on Foreign Relations
Six countries lay overlapping claims to the East and South China Seas, an area that is rich in hydrocarbons and natural gas and through which trillions of dollars of global trade flow. This infographic lays out all of the dispute’s actors,...

China Opens World’s Highest Airport

Associated Press
China has begun flight operations at the world’s highest civilian airport in a bid to boost tourism and tighten political control over the country’s restive west. 

How China Lost Its Mojo: One Town’s Story

Wall Street Journal
Low wages and easy access to overseas markets helped transform Yantian in the 90s from a sleepy agricultural hamlet to a manufacturing hub. Now, the number of foreign firms in town has dropped, due to rising labor costs, land shortages and fading...

Caixin Media

09.23.13

Measuring the Wealth Gap

Recent findings by China Society of Economic Reform (CSER) have offered a rare glimpse into growing income inequality in the country.The study shows that in 2011 unidentified “gray income,” or the difference between CSER-surveyed income and that of...

Infographics

09.19.13

The Mooncake Economy

from Sohu
Across the country, Chinese are observing the annual harvest festival by giving and receiving mooncakes, pastries whose round shape is meant to evoke the full moon of the autumnal equinox. In recent years, bemoaning the debasement of this tradition...

China Locks Foreign Investors Out of Another Bad-Debt Cleanup

Stephen Aldred
Reuters
Foreign investors that specialise in buying up distressed debt are queuing outside the industry's door, but bankers say China's reluctance to pay the price of a privately funded clean-up means that door probably won't open. ...

Viewpoint

09.13.13

The Urgency of Partnership

Paula S. Harrell
While the media keeps its eye on the ongoing Diaoyu/Senkaku islands dispute, heating up yet again this week after Chinese naval ships and aircraft were spotted circling the area, a parallel, possibly game-changing development in China-Japan...

China Trade Rebounds in Further Sign Economy Stablizing

Bloomberg
China’s exports increased more than estimated in August and inflation stayed below a government target, helping Premier Li Keqiang sustain a rebound in the world’s second-largest economy from a two-quarter slowdown. 

Milestone for Yuan Marks Rise of China

Wall Street Journal
China for the first time joined the ranks of the most-traded international currencies, underscoring the rise of the world’s second-largest economy and the growth of the global foreign-exchange market.  

China Says Military Strike Against Syria Would Hurt Global Economy

Don Lee
Los Angeles Times
Vice Minister of Finance Zhu Guangyao said estimates from the International Monetary Fund indicate that a military strike would lead to a $10 jump in the price of a barrel of oil, which in turn would cut global economic growth by 0...

Caixin Media

09.10.13

Sober Day Dawns for China’s Baijiu Distillers

Distillers of China’s most popular spirits, baijiu, are sobering up to a business slowdown and tight financing after a decade of outstanding growth.Sales are off and company market values have fallen over the past year, prompting some investors to...

Media

09.06.13

Follow the Money: Who Benefits from China’s One-Child Policy?

When debating China’s one-child policy, China’s domestic media and observers overseas mostly focus on its impact on the population structure or incidences of inhumanity involved in the implementation of the policy (such as forced abortion). Almost...

Caixin Media

09.04.13

China’s Shale Gas Development Goals Just Pipe Dreams

China wants to reap the benefits of a shale gas revolution similar to the one in the United States, but there are many obstacles to this happening, experts say.In the first half of 2013, fifty-six shale gas wells were in the exploratory phase in the...

China’s Coal Supply Will Soon Weigh 40 Percent More Than Earth’s Population

Gwynn Guilford
Atlantic
The country's excessive past investments in coal have produced a surplus, and today, lowered prices mean mining barons are struggling to pay off loans. ...

Across China, Skyscrapers Brush the Heavens

Keith Bradsher
New York Times
China is home to 60 of the world’s 100 tallest buildings now under construction. But the skyward aspirations of Changsha, the capital of Hunan province, have inspired incredulity tinged with hostility. 

Books

09.03.13

China Across the Divide

Rosemary Foot (Editor)
Understanding China’s world role has become one of the crucial intellectual challenges of the 21st century. This book explores this topic through the adoption of three conceptual approaches that help to uncover some of the key complex and simultaneous interactions between the global and domestic forces that determine China’s external behavior. A central assumption of this study is that it is unhelpful to treat the global and domestic levels as separate categories of analysis and that the study of China can be enriched by a recognition of the interpenetrated nature of the domestic and international spheres.The first section of the book concentrates on the role of ideas. It examines Chinese conceptions, at both the elite and mass levels, of the country’s status and role in global politics, and how these conceptions can influence and frame policies. The second section provides evidence of Chinese societal involvement in transnational processes that are simultaneously transforming China as well as other parts of the world, often in unintended ways. The third section assesses the impact of globalization on China in issue areas that are central to global order, and outlines the domestic responses—from resistance to embrace—that it generates. This study adopts a multidisciplinary approach involving scholars in international relations, history, social anthropology, and area studies. It offers a sophisticated understanding of Chinese thought and behavior and illustrates the impact that China’s re-emergence is having on 21st century global order.  —Oxford University Press {chop}

Why China’s Farms Are Failing

Tom Philpott
Atlantic
In the process of emerging as the globe’s manufacturing center, China has severely damaged its land and water resources, compromising its ability to increase food production for a wealthier population that’s demanding ever-more meat. 

Reports

08.27.13

China National Human Development Report 2013

United Nations
China had more urban than rural residents for the first time in 2011. The urbanization rate reached 52.6 percent in 2012, a major milestone with significant implications. In the midst of this urban transformation, China’s leaders have increasingly...

China’s Millionaire Population Grows Less Quickly

Laurie Burkitt
Wall Street Journal
With the world’s second-largest economy in the midst of an extended slowdown, growth in the population of Chinese millionaires has fallen to its slowest pace in five years.

From Outsiders to Innkeepers in China’s Sleepy Countryside

Mike Ives
New York Times
More hotel rooms are being built in China than anywhere else in the world, and a small number of foreign entrepreneurs in rural China are operating boutique hotels in restored properties that have historic charm.

China: Foreign Tourism Falls, and Smog May Be One Reason

Associated Press
Smog was among factors cited in new report showing China, one of the world’s most popular destinations for international travelers, has experienced a significant decline in the number of tourists this year.

Conversation

08.15.13

What Should China Do to Reverse its Tourism Deficit?

Leah Thompson, Damien Ma & more
Recent news stories and industry studies show that fewer international visitors are choosing China as their destination. January-June arrivals in Beijing are down 15% from the same period in 2012 and more Chinese than ever before are spending their...

Media

08.14.13

Don’t Dream Big—Four Vignettes on Social Mobility in Modern China

The New York Times recently ran an article that detailed the struggles of three young college women from low-income backgrounds, raising questions about whether education remains the “great equalizer” in America. How does the picture look in China,...

How China Added $1 Trillion to its Economy by Fudging Data

Tim Fernholz
Quartz
China’s economy could be $1 trillion smaller than it says. A professor at Peking University lays out the case in a new working paper that finds some very strange patterns in China’s official statistics. A professor at...

Too Much, Too Fast: China Sees Backlash From Massive Growth

Jim Zarroli
NPR
At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there’s no question that its economy is growing more slowly these days. 

Infographics

08.12.13

Is China’s Massive Infrastructure Spending Wise or Wasteful?

China leads the world in infrastructure investment. The new roads, new railroads, new skyscrapers, even whole new cities that seem to spring into existence every day leave little doubt that investment has been ambitious. But has it been wise? This...

Pollution Economics

Dirk Forrister and Paul Bledsoe
New York Times
With more than a million people dying prematurely each year from breathing its dirty air, the Communist country is experimenting with a capitalist approach: create incentives so that the market will force reductions in emissions.

How a Beige Book Could Shed Some Light on China’s Shadow Economy

Dan Kedmey
Time
As China grows, the National Bureau of Statistics’ data remain arcane. In efforts to attain accuracy, The Beige Book curates a report based on their online and in-person surveys of more than 2,000 businesses and banks...

Eyeing China, Philippines Gains U.S. Ship in Military Upgrade

Manuel Mogato
Reuters
The Philippines took possession of a former U.S. Coast Guard ship on Tuesday, part of its biggest military upgrade in decades, as a stronger economy allows it to raise spending to counter China’s growing assertiveness in disputed waters.

Caixin Media

08.05.13

County in Shaanxi in a Deep Hole as Mining Bubble Pops

A financial crisis triggered by falling coal prices is brewing in Shenmu County, in the northwestern province of Shaanxi.Construction projects have been halted, universal health care has run into payment problems and many private bankers have...

Books

08.05.13

China Threat?

Lionel Vairon
From the long-term threat of nuclear war between the U.S. and China, to the disappearance of the African elephant due to Chinese demand for ivory, each week brings a new round of critique and denunciation of the risks China poses to the stability of the entire planet. While critics raise a certain number of fundamental questions that bear asking about this nascent superpower, the answers put forth are usually based on ideological or economic considerations. Lionel Vairon systematically challenges these views in this first English language edition of China Threat?With an incisive review of China’s economic strategy, deployment of resources, national defence, political reform, ethnicity and religion, terrorism, and developments in human rights, Vairon amply demonstrates that China poses no threat to the world. On the contrary, China Threat? shows that China’s peaceful rise should be a matter of positive news across the globe.  —CN Times Books {chop}

“‘Homeless for a Month’: U.S. Interns in China Learn to Reset Expectations

Rob Schmitz
Marketplace
Rowland Madson traveled 10,000 miles around the planet so that he could greet visitors at the front gate of a Chinese amusement park. His job was to wear a candy cane striped suit and collect entrance tickets from Chinese tourists.

China Stocks World’s Worst Losing $748 Billion On Slump

Richard Frost, Weiyi Lim
Bloomberg
Four years after China's growth helped lead the global economy out of a recession and won the admiration of luminaries from billionaire George Soros to Nobel laureate Joseph Stiglitz, the nation’s stock...

Conversation

07.30.13

Is Business in China Getting Riskier, Or Are Multinationals Taking More Risks?

Arthur R. Kroeber, David Schlesinger & more
Arthur Kroeber:The environment for foreign companies in China has been getting steadily tougher since 2006, when the nation came to the end of a five-year schedule of market-opening measures it pledged as the price of admission to the World Trade...

Myanmar-China Gas Pipeline Goes Into Operation

Global Post
As well as diversifying China's sources of fuel, by supplying energy to the vast and less developed west the Myanmar-China gas pipeline could help Beijing's attempts to promote economic growth there...

Conversation

07.23.13

What Would a Hard Landing in China Mean for the World?

Barry Naughton, James McGregor & more
Barry Naughton:Paul Krugman in a recent post (“How Much Should We Worry About a China Shock?” The New York Times, July 20, 2013) tells us NOT to worry about the impact of a slowing China on global exports, but to be worried, very worried about the...

China Must Deepen Reforms to Meet Economic Challenges

Reuters
The new leadership has signalled it is prepared to tolerate slower growth to move the economy away from export-led growth and towards one driven by domestic demand, with 7 percent annual expansion seen as the bottom line.  

The View From Beijing: The Elusive 'China Threat'

Jonathan Adelman
Huffington Post
China, while rising for over 30 years under a benign Western umbrella, is still several decades away from challenging the West on an equal footing - and it is far from certain that China will ever want to do so except perhaps in East Asia. 

Caixin Media

07.22.13

Liberal Urge Gaining Support for Bank Policy

The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government call for...

I.M.F. Says China Needs Reform to Keep Growth Success

Reuters
China needs another round of “decisive measures” to make sure it continues its successful economic growth as its margins of safety are falling amid growing domestic problems, the International Monetary Fund said in its latest report. 

China Slump Ripples Globally

Alex Frangos and Eric Bellman
Wall Street Journal
As China hopes to reshape its economy to be less reliant on construction and heavy industry, and more reliant on consumer spending, the industries that benefited the most from China’s rise are now being hurt while those aimed at Chinese consumers...

Viewpoint

07.10.13

How the Snowden Affair Might End Up Helping U.S.-China Relations

Orville Schell & John Delury
The reason why both Americans and Chinese have become so nostalgic for the great Nixon/Kissinger-Mao Zedong/Zhou Enlai breakthrough in 1972 is because that was the last time that Sino-U.S. relations experienced a dramatic breakthrough. Now, most...

Economists See Further Slowdown in China

Richard Silk
Wall Street Journal
China’s continued slowdown is bad news for the global economy, as the U.S. recovery remains slow and the euro zone is mired in recession. At the same time, with export sales looking weak, Chinese manufacturers have little reason to invest in new...

A Chinese City is Asking Its Companies to Pay Public Sector Salaries Because It Can’t Afford Them

Jake Maxwell Watts
Quartz
Local government debt is now so unwieldy in China that some desperate city governments, such as that of western Ordos, have turned to the private sector for help to pay their employees. 

Reports

07.09.13

Prospects for U.S.-China Trade in Meat Products and Associated Investment Opportunities

Dermot Hayes
Paulson Institute
The rapid growth rate in per capita disposable income in China, coupled with a continued migration of hundreds of millions of new consumers to urban areas, has created challenges for the Chinese crop and livestock sectors. Faced with an increase in...

Caixin Media

07.08.13

Central Bank Raises the Red Flag over P2P Lending Risks

A recent report by the central bank about peer-to-peer (P2P) lending websites in China has shed light on some severe problems in the business for which there is, as yet, little regulation.The original idea for P2P lending websites was that they were...

Ping An of China Said to Buy Lloyds of London Building

Bonnie Cao
Bloomberg
 Ping An Insurance Group Co., China’s second-largest insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said.

For Chinese Families, a Journey Cut Short, and With It Their Dreams

Vivian Yee
New York Times
On their way to Bible camp in America, two Chinese teenagers from Zhejiang Province flew through South Korea and into San Francisco International Airport, where their plane skidded and burst into flames. Both died, the only fatalities in the crash...

China Second Quarter GDP to Test Reformers’ Stomach for Slower Growth

Langi Chiang and Koh Gui Qing
Reuters
China's resolve to revamp its economy for the long-term good will be tested this month when a slew of data show growth is grinding towards a 23-year low, with no recovery in sight...