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Sinica Podcast

08.31.15

A ‘China Watcher’s China Watcher’ Decamps

Kaiser Kuo, David Moser, Bill Bishop
As anyone who reads the Sinocism newsletter knows, Bill Bishop is among the most plugged-in people in Beijing with an uncanny ability to figure out what is actually happening in the halls of power. But as casual readers may not be aware, he is also...

Books

08.27.15

China’s Disruptors

Edward Tse
In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental question: What’s really going on with the new wave of China’s disruptors?Alibaba wasn’t an outlier—it’s one of a rising tide of thriving Chinese companies, mostly but not exclusively in the technology sector. Overnight, its founder, Jack Ma, appeared on the same magazine covers as American entrepreneurial icons like Mark Zuckerberg. Ma was quickly followed by the founders of other previously little-known companies, such as Baidu, Tencent, and Xiaomi.Over the past two decades, an unprecedented burst of entrepreneurialism has transformed China’s economy from a closed, impoverished, state-run system into a major power in global business. As products in China become more and more sophisticated, and as its companies embrace domestically developed technology, we will increasingly see Chinese goods setting global standards. Meanwhile, companies in the rest of the world wonder how they can access the fast-rising incomes of China’s 1.3 billion consumers.Now Edward Tse, a leading global strategy consultant, reveals how China got to this point, and what the country’s rise means for the United States and the rest of the world. Tse has spent more than twenty years working with senior Chinese executives, learning firsthand how China’s most powerful companies operate. He’s an expert on how private firms are thriving in what is still, officially, a communist country. His book draws on exclusive interviews and case studies to explore questions such as:What drives China’s entrepreneurs? Personal fame and fortune—or a quest for national pride and communal achievement?How do these companies grow so quickly? In 2005, Lenovo sold just one category of products (personal computers) in one market, China. Today, not only is it the world’s largest PC seller; it is also the world’s third-largest smartphone seller.How does Chinese culture shape the strategies and tactics of these business leaders? Can outsiders copy what the Chinese are doing?Can capitalists really thrive within a communist system? How does Tencent’s Pony Ma serve as a member of China’s parliament while running a company that dominates online games and messaging?What impact will China have on the rest of the world as its private companies enter new markets, acquire foreign businesses, and threaten established firms in countless industries?As Tse concludes: “I believe that as a consequence of the opening driven by China’s entrepreneurs, the push to invest in science, research, and development, and the new freedoms that people are enjoying across the country, China has embarked on a renaissance that could rival its greatest era in history—the Tang dynasty. These entrepreneurs are the front line in China’s intense hunger for success. They will have an even more remarkable impact on the global economy in the future, through the rest of this decade and beyond.” —Portfolio/Penguin{chop}

Conversation

08.25.15

Is the Bloom Off the Rose of China’s Economic Miracle?

Arthur R. Kroeber, David Schlesinger, Fred Hu, Derek Scissors
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in...

Caixin Media

08.24.15

How to Solve China’s Currency Parity Puzzle?

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

Sinica Podcast

08.24.15

The Tianjin Explosion

Kaiser Kuo, David Moser
Insurance scam? Industrial accident? Political machinations? After August excursions to lands of clean air and English-language media, the Sinica team is back this week with a show covering the astonishing explosions that gutted the Binhai economic...

Environment

08.21.15

Beijing Tells Mayors of Chinese Cities to Clean Up Their Air

In China, “APEC blue” was the sarcastic term used to refer to the unusually clear skies Beijing enjoyed when an Asia-Pacific leaders summit was in progress late last year.A similar phenomenon is now being seen in smaller Chinese cities, as mayors...

Features

08.20.15

Is China About to Plunge the World Into Recession?

David Wertime
On Aug. 18, China’s stock market plummeted by a vertigo-inducing 6.2 percent in one day of trading, part of a months-long decline that’s erased over $3 trillion worth of market value from the country’s equity markets. That followed last week’s...

Reports

08.18.15

The Politburo’s Predicament

Freedom House
Drawing on an analysis of hundreds of official documents, censorship directives, and human rights reports, as well as some 30 expert interviews, the study finds that the overall degree of repression has increased under the new leadership. Of 17...

Conversation

08.18.15

How Should the U.S. Conduct the Xi Jinping State Visit?

Evan A. Feigenbaum, Arthur Waldron, Orville Schell, Robert Kapp, Peter Dutton, Perry Link
As tensions increase between China and the United States over the value of the yuan, human rights violations, alleged cyber attacks, and disputed maritime territories, among other issues, how should the Obama administration conduct the upcoming...

Culture

08.18.15

Has Chinese Film Finally Produced a Real Hero?

Ying Zhu
“This Is an Era That Calls for Heroes”—the boldface Chinese characters scream from a publicity poster for the Chinese animation film, Monkey King: Hero is Back, which made headline news in July for breaking the animation box-office record in China...

Caixin Media

08.18.15

Official Stonewalling on Tianjin Explosions Sparks Outcry

While victims of the Tianjin explosions are still waiting to be told why their loved ones died or, how safe it is to go outside, officials remained evasive in the sixth press conference regarding the disaster.In response to a question from a Caixin...

Media

08.17.15

4 Questions Chinese Want Answered After Deadly Tianjin Blast

David Wertime
Around 11:30 p.m., Beijing time, on Wednesday, at least two fearsome blasts in quick succession rocked the large northeastern Chinese port city of Tianjin. Originating at or near a hazardous materials warehouse near the city’s downtown, the...

Media

08.13.15

Sorry China, the Internet You’re Looking for Does Not Exist

David Wertime
The long arm of China’s massive internal security apparatus just reached further into the heart of the country’s web. On August 4, China’s Ministry of Public Security announced that it would embed law enforcement officers at major Internet companies...

China: The Superpower of Mr. Xi

Roderick MacFarquhar
In the almost one-hundred-year existence of the Chinese Communist Party (C.C.P.), its current general secretary, Xi Jinping, is only the second leader clearly chosen by his peers. The first was Mao Zedong. Both men beat out the competition, and thus...

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