Trump Dumps Russia, Woos China Instead

CNN
This month, during which Trump administration has stepped up US military action in Syria and Afghanistan as he looks to reassert US power, Trump said that “we’re not getting along with Russia at all, we may be at an all-time low.” He and Chinese...

China Warns of ‘Storm Clouds Gathering’ in U.S.-North Korea Standoff

New York Times
China warned on Friday that tensions on the Korean Peninsula could spin out of control, as North Korea said it could test a nuclear weapon at any time and an American naval group neared the peninsula in a show of resolve.

Xinhua Insight: Procedures unveiled for birth of Xiongan New Area

Xinhua
Plans for Xiongan New Area, an economic zone about 100 kilometers south of Beijing, are becoming more clear. President Xi Jinping said, “The capital's core functions should be preserved and strengthened, and some inappropriate functions...

China Conducts Foreign Policy in Africa without Judgment

Eric Olander, Cobus van Staden & more
In this edition of the China in Africa podcast, we pull the focus back to look at China’s rapidly evolving foreign policy agenda in this new era of Western populism led by Donald Trump in the United States.François Godement, Director of the Asia and...

Trump Thought China Could Get North Korea to Comply. It’s Not That Easy.

Amanda Erickson
Washington Post
Beijing’s nightmare scenario is a collapse of the Kim regime, which could also open the door to reunification with South Korea, another nightmare for Beijing.

China Says Its Trade with North Korea Has Increased

Jane Perlez and Yufan Huang
New York Times
Amid sharply rising tensions over North Korea’s nuclear arms program, China said on Thursday that its trade with the country had expanded, even though it had complied with United Nations sanctions and stopped buying North Korean coal

Trump and China: Master Diplomat or Paper Tiger?

Katie Hunt
CNN
When it comes to China, has U.S. President Donald Trump played a diplomatic master stroke? Not so fast, say analysts who are quick to puncture hopes of budding bromance between the leaders of the two countries.

China Exports Jump the Most in Two Years as Imports Moderate

Bloomberg
China’s overseas shipments last month jumped the most in two years as global demand held up. Imports moderated after a holiday-season surge in February and the trade balance rose.

Trump Isn’t Wrong on China Currency Manipulation, Just Late

Eduardo Porter
New York Times
While China’s surplus with the United States is pretty big, its global surplus is modest, at 2.4 percent of its gross domestic product last year. Most significant, it has been pushing its currency up, not down.

China Rejects North Korean Coal Shipments after Missile Test and U.S. Pressure

Bethany Allen-Ebrahimian
Foreign Policy
China is turning back shipments of North Korean coal from its ports, a sign of Beijing’s growing concern over the nuclear weapons capability of its wayward neighbor.

Report Shows Labor Conditions at Chinese and American Firms in Kenya Comparable

Eric Olander, Cobus van Staden & more
Nairobi-based researcher Zander Rounds joins Eric and Cobus to discuss a new comparative study on employment relations at Chinese and American firms in Kenya. Zander co-authored the report with China House Kenya founder Huang Hongxiang as part of a...

Is Trump Backing Down on China?

Eric Geller and Doug Palmer
Politico
The president last year compared China’s economic behavior to “rape.” Now he says he and Xi are “in the process of getting along very well.”

Tang Poems and Folk Tales: History’s Role in the Trump-Xi Reset

Katsuji Nakazawa
Nikkei Asian Review
The Syria airstrike and other moments that made for a rocky summit start

The Kushner Kids on Show, North Korea on Notice and Other Takeaways from the Xi-Trump Summit

Emily Rauhala and Simon Denyer
Washington Post
President Trump and Chinese President Xi Jinping were basically repackaging the existing process of negotiation between their countries.

Trump’s Quick Wins on China Trade Won’t Wipe out the Deficit

Jethro Mullen
CNN
The U.S. and China have given themselves 100 days to make progress on the thorny issue of trade.

Why Ford’s Electric Push in China Might Get Grounded

Wall Street Journal
On Thursday Ford Motor announced its China-focused electric-car strategy, including new vehicles. Ford’s Chief Executive Mark Fields said the “time is right” for his company to beef up in China. It is playing catch-up, though.

China Tech Investment Flying under the Radar, Pentagon Warns

New York Times
China is investing in Silicon Valley start-ups with military applications at such a rapid rate that the United States government needs tougher controls to stem the transfer of some of America’s most promising technologies, a Pentagon report says.

How Trump Can Solve His Chinese Puzzle

Gideon Rachman
New York Times
Getting tough with China is a central part of Donald Trump’s plan to “make America great again.” During the election campaign, he claimed that China was “raping” American industry.

Trump’s Team Has No Idea What It’s Doing On China

Foreign Policy
Donald Trump is, by his own admission, not terribly analytical or deliberative.

All Mapped Out: How China’s Charting Its Course as a Superpower

Daily Beast
In February, the French daily Le Monde published a map reportedly circulated by the Chinese military. It showed the People’s Republic in the center of the globe with all else shrinking away toward the edges: “The world turned upside down for anyone...

How Trump Can Help Save Coal—with China’s Help

Paul Bledsoe
Politico
Last week, President Donald Trump declared that he would bring back coal jobs, directing the EPA to roll back the Clean Power Plan and other regulations on coal producers.

Jared Kushner Is One of Trump's Top Advisers on China

Eric Levitz
New York Magazine
When President Trump meets with his Chinese counterpart at Mar-a-Lago this weekend, he will not have the assistant secretaries of State and Defense for East Asia at his side — because his administration has failed to hire anyone for either of those...

Viewpoint

04.05.17

Xi Is Ready for the Summit. Trump Can’t Possibly Be. So What Should He Do?

Robert Daly
At the summit in Mar-a-Lago, U.S. President Donald Trump hopes to alter deeply-rooted Chinese policies despite having no China strategy. China’s Communist Party Secretary Xi Jinping hopes that by making deals on secondary matters important to Trump...

Is Trump Wise to Take on China over Trade?

BBC
Trade will be one of two key issues on the agenda, along with North Korea. But what’s the problem—and what can Trump do about it?

U.S.-China Trade Scorecard: Advantage China

Roger Yu
USA Today
When President Trump meets with Chinese President Xi Jinping this week, he will remind his guest that China runs the largest trade surplus with the United States.

China’s Emergence as Top U.S. Oil Buyer Highlights Economic Ties

Lucy Hornby
Financial Times
China was the top foreign buyer of U.S. crude in February, according to data that show the growing interdependence of the world’s big energy-consuming nations at a time of heightened geopolitical tensions. ...

Why China’s Got Beef with U.S. Beef

Bruce Einhorn
Bloomberg
Beef may be on the table when the U.S. president and Chinese leader Xi Jinping discuss trade during this week’s summit at Trump’s Florida resort.

Viewpoint

04.05.17

No Winners or Losers, Please

Paul Gewirtz
Who will be the winner of the upcoming Trump-Xi summit? My answer: That’s a dangerous—and wrongheaded—question to focus on. Yes, we want the U.S. to win, but the U.S.-China relationship must be played and judged as a long game.The present situation...

Books

04.05.17

China’s Crony Capitalism

Minxin Pei
When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build “socialism with Chinese characteristics.” More than three decades later, China’s efforts to modernize have yielded something very different from the working people’s paradise Deng envisioned: an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions. China’s Crony Capitalism traces the origins of China’s present-day troubles to the series of incomplete reforms from the post-Tiananmen era that decentralized the control of public property without clarifying its ownership.Beginning in the 1990s, changes in the control and ownership rights of state-owned assets allowed well-connected government officials and businessmen to amass huge fortunes through the systematic looting of state-owned property—in particular land, natural resources, and assets in state-run enterprises. Mustering compelling evidence from over two hundred corruption cases involving government and law enforcement officials, private businessmen, and organized crime members, Minxin Pei shows how collusion among elites has spawned an illicit market for power inside the party-state, in which bribes and official appointments are surreptitiously but routinely traded. This system of crony capitalism has created a legacy of criminality and entrenched privilege that will make any movement toward democracy difficult and disorderly.Rejecting conventional platitudes about the resilience of Chinese Communist Party rule, Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay. —Harvard University Press{chop}

As Trump-Xi Summit Looms, Evidence of Strained Ties on China-North Korea Border

Sue-Lin Wong and Joseph Campbell
Reuters
What was planned in 2011 as a 30 billion yuan ($4.36 billion) development intended to showcase economic engagement between the two countries has stalled in recent months.

Trump’s Gifts to China

Roger Cohen
New York Times
The United States meets China this week in a position of weakness.

As He Gets Ready to Meet Trump in Florida, China’s Xi Jinping Has a Lot to Worry about

Jonathan Kaiman
Los Angeles Times
The meeting could set the tone for the next several years of U.S.-China relations, and allow the two leaders to square each other up on issues including North Korea and global trade.

Trump’s Bad Deal with China

Charles Edel and Mira Rapp-Hooper
Politico
The early signs suggest Xi Jinping will run the table at Mar-a-Lago.

Conversation

04.04.17

What Should We Expect When Trump and Xi Meet in Florida?

David Dollar, Jeremy Goldkorn & more
On April 6-7, U.S. President Donald Trump will host Xi Jinping in their first face-to-face meeting when China’s President arrives at Trump’s Mar-a-Lago resort. The meeting comes early in Trump’s presidency, after a campaign in which he frequently...

Xiongan District Becomes Hot Property in China

BBC
A sleepy district in Hebei province has suddenly become the center of China’s latest property craze and the talk of the country.

Trump Ready to Tackle North Korea Alone—FT Exclusive

Lionel Barber, Demetri Sevastopulo, and...
Financial Times
Donald Trump has warned that the U.S. will take unilateral action to eliminate the nuclear threat from North Korea unless China increases pressure on the regime in Pyongyang.

China Plan to Create New Shenzhen Spurs Speculative Rampage

Lisa Pham and Jenny Yu
Bloomberg
Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province—in the same spirit that Shenzhen and Shanghai’s Pudong was built—hordes of prospective buyers had thronged to the region.

The Big Unanswered Question ahead of Trump’s First China Meeting

Max Ehrenfreund
Washington Post
After a campaign defined in large part by a pledge to turn the nation’s trade agenda on its head, President Trump has opened his presidency with a series of modest, more cautious steps

If U.S. Trade with China Is So Unfair, Why Is GM the Best-Selling Car There?

Tim Fernholz
Quartz
Ahead of a high-stakes summit with Chinese leader Xi Jinping, Donald Trump’s White House has made clear that it isn’t happy with China’s high tariffs on imported American automobiles.

Viewpoint

04.03.17

What Does the Future Hold for Business between the U.S. and China under Trump?

Ker Gibbs
We are now well into the first 100 days of the Trump administration. His supporters expect major changes in the China relationship. They voted for a man who promised to impose a 45 percent tariff on Chinese goods and slap China with the currency...

China Spends Billions in Egypt to Woo the Middle East

Eric Olander, Cobus van Staden & more
Saudi King Salman bin Abdulaziz’s recent state visit to Beijing is the latest evidence that China is maneuvering to play a bigger role in the Middle East and Persian Gulf. The two countries reportedly signed deals worth upwards of $65 billion during...

Trump Will Host China’s President in Florida on April 6

Bill Chappell
NPR
Chinese President Xi Jinping will visit President Trump in Palm Beach, Fla., next week, for talks that will likely range from economic to security issues. The first meeting between the two leaders will stretch from April 6-7.

Chinese Capital Constraints Send Shock through Global M&A

Don Weinland and Javier Espinoza
Financial Times
Outbound deals hit lowest level since 2014 after cash clampdown

China Calls for Explanation After Paris Police Shoot Dead Chinese Man

Ben Blanchard, Simon Carraud and John...
Reuters
French police said on Tuesday they opened an inquiry after a Chinese man was shot dead by police at his Paris home, triggering rioting in the French capital by members of the Chinese community and a sharp reaction from Beijing.

Australian Vote on Extradition Treaty With China Is Canceled

Amien Cave
New York Times
Prime Minister Malcolm Turnbull canceled a parliamentary vote to ratify an extradition treaty with China on Tuesday after opposition lawmakers said they would not support it

American Airlines Buys Stake in China Southern Airlines

CNBC
American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, the biggest of China’s three major state-owned carriers, in a bid for a bigger share of the country's growing travel market...

China’s Secret Plan to Crush SpaceX and the US Space Program

Clay Dillow
CNBC
China’s breakneck economic expansion may be flagging, but the country's ambitions in space show no signs of slowing down...

China’s Tencent Bought A 5 Percent Stake in Tesla

Johana Bhuiyan
Re/code
Tencent, a Chinese internet giant, is also an investor in Chinese ride-hail player Didi Chuxing.

China’s HNA in Talks to Buy Controlling Stake in Forbes: Sources

CNBC
Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters

China Plans Fresh Crackdown on Tangshan Steel Production

Emily Feng
Financial Times
China is planning a new crackdown on steel production in the north-eastern city of Tangshan in a bid to prevent false reporting of mill closures by local governments reluctant to obey shutdown orders.

China State Firms Eye Land around Panama Canal: Waterway Authority

Brenda Goh
Reuters
Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.

In Rare Move, Chinese Think Tank Criticizes Tepid Pace of Reform

Chris Buckley
New York Times
These withering findings on China’s reforms come from a startling place: from within the government itself.

New Zealand and China Plan to Expand Free-Trade Deal

Nick Perry
Seattle Times
New Zealand and China announced Monday they would open talks soon to expand a successful free-trade deal in place for nearly a decade.

China to Plant ‘Green Necklace’ of Trees Around Beijing to Fight Smog

New York Times
The pollution from the factories is responsible for much of the smog in Beijing, a city of more than 22 million, and other parts of northern China.

Nation Leads Asia in Growth Vitality

China Daily
Despite setbacks to regional economic integration, China maintained a 6.7 percent growth rate last year and contributed 33.2 percent to global economic growth, ranking the highest among all world economies.

As China’s Li Visits Down Under, Trump on Australian PM Turnbull’s Mind

Nyshka Chandran
CNBC
Australian Prime Minister Malcolm Turnbull is expected to keep his relationship with the U.S. in close focus as China’s Li Keqiang becomes the first Premier in eleven years to visit Down Under.

Why China Stoking up Anger over South Korea Missile System Is Doomed to Fail

Josh Ye
South China Morning Post
Encouraging boycotts of South Korean goods won’t stop Seoul deploying the defence shield, but will sour an economically valuable relationship, observers say

China Steps up Battle against Property Bubble

Gabriel Wildau
Financial Times
Big cities escalate efforts to curb the soaring prices that are stoking anger

China Just Held Its National People’s Congress. Here Are Three Key Points.

Lynette Ong
Washington Post
For decades, China’s “Two Sessions” (lianghui) each spring have offered a glimpse into the policies and priorities of China’s Communist Party (CCP).

China May Set New Rules to Curb ‘Irrational’ Outbound Investment This Year

Fortune
China this year may publish rules on outbound investment by Chinese firms that would spell out the sectors in which investing is encouraged and those where it is restricted, state media reported on Tuesday.