The China Africa Project
01.19.16
Africa Feels the Chill of China’s Cooling Economy
It hasn’t even been a month since Chinese president Xi Jinping was in South Africa for the triennial Forum on China-Africa Cooperation (FOCAC) confab where he unveiled a massive $60 billion financial package. Oh how those were innocent, halcyon days...
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12.03.15You Can't Understand China Unless You Know How the Communist Party Thinks
Huffington Post
The CPC came into being in 1921, almost a century ago.
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11.16.15Will The IMF Grant China's Currency Global Reserve Status?
Forbes
The market doubts it, but it is possible that the Chinese currency, the renmimbi (RMB), may become part of the International Monetary Fund’s special drawing rights.
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10.27.15Psychedelic Video Sings Praises of China's Five Year-Plan
Agence France-Presse
"If you wanna know what China's gonna do, best pay attention to the shisanwu."
ChinaFile Recommends
10.26.15Two-Child Policy Is Too Little, Too Late
Bloomberg
When Chinese leaders convene this week for a four-day meeting on the future of the country’s economy, the biggest news might have to do with babies.
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10.23.151 Month Later: What Are the Long-Term Implications of Xi's U.S. Trip?
Diplomat
While political and security matters dominated headlines, Xi’s U.S. trip was actually driven by economics.
ChinaFile Recommends
10.21.15Many in the West Fear Chinese ‘Aid’ to Africa. They’re Wrong. Here’s Why.
Washington Post
Western pundits have a narrative about China’s activities in Africa.
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10.19.15Here’s Why Xi Jinping’s ‘Chinese Dream’ Differs Radically From the American Dream
Time
Xi’s Chinese Dream is protean.
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10.19.15China and UK: Signs of a New 'Special Relationship?'
CNN
Does the UK have a new "special relationship?"
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10.16.15China to Build $5 Billion High-Speed Rail Line in Indonesia
Bloomberg
China Railway International Co. Ltd and a consortium of Indonesian state companies will build the rail line from Jakarta to Bandung.
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10.16.15This Is Where China’s Future Will Be Decided
Washington Post
Lanzhou, China — The first thing you notice is the dust.
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10.15.15Xi’s Visit to Kick Off a Golden Age of China-UK Relations
Diplomat
A state visit next week is expected to spark a new era in bilateral ties.
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10.08.15China Turns Firepower to Soft Power to Try to Win Tiny Taiwan-held Island
Reuters
"In Kinmen, we can do what Taiwan can't, what Taiwan doesn't dare do."
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10.08.15China and Europe May Team Up to Snub TPP
CNBC
The world's largest trade deal in recent decades may wind up creating high school-esque cliques on the international stage.
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10.07.15What Does China Think of the TPP?
Diplomat
China is taking a wait-and-see approach on the U.S.-led trade deal.
The China Africa Project
10.05.15
Are the Good Times Over for China and Africa?
One of the prevailing media narratives of China’s recent economic turmoil is the effect that it could have on emerging markets, particularly in Africa. Now that the Chinese economy is showing real signs of slowing, the story goes, Beijing will soon...
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10.01.15America’s Biggest Competitor Really Isn’t China
Washington Post
If you ask Americans who their country's biggest competitor is, many people will tell you China.
The China Africa Project
10.01.15
How China’s Economic Slowdown Will Impact Africa
The tremors in China’s faltering economy are being felt across Africa. Now that China has replaced Europe and the United States as most African countries’ largest trading partner, there is understandable concern that slowing demand in the P.R.C...
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09.30.15The Thucydides Trap: Are the U.S. and China Headed for War?
Atlantic
In 12 of 16 past cases in which a rising power has confronted a ruling power, the result has been bloodshed.
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09.29.15China's Xi Says To Prioritize Energy Cooperation With Iran
Reuters
"(We) must prioritize energy and financial cooperation."
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09.28.15Everyone Wants To Decouple From China – Except Osborne
Guardian
UK Chancellor George Osborne urged Chinese firms to help build Britain’s “northern powerhouse” during his five-day long grand tour of China.
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09.21.15China Market Rout Doesn't Reflect Economy, Top Diplomat Says
Bloomberg
“Some movements on the stock exchange in China should not equal the whole picture of the Chinese economy.”
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09.18.15China Hails U.S. Repatriation of Corruption Fugitive
Reuters
The repatriation of Yang Jinjun marked the first time that China has succeeded in getting a wanted corruption suspectback from the U.S.
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09.17.15China's Xi Says Economy Resilient, Has Huge Potential: State Radio
Reuters
China's economy is resilient and has the capacity to maintain a long-term medium-to-high growth rate.
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09.16.15Is Romance Dead? France Seeks New Image in China
Reuters
France's finance minister wants to persuade Chinese officials to set aside their romantic image.
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09.15.15U.S. Won’t Impose Sanctions on Chinese Companies Before Xi Visit
Washington Post
Senior U.S. and Chinese officials reached “substantial agreement” on several cybersecurity issues.
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09.09.15One Thing China Got Right
Bloomberg
Stocks plunged, monetary policy wavered, but Beijing finally fixed the "fixing."
Media
08.26.15
Mapping Fallout From ‘Black Monday’: Who Was Hardest Hit?
August 24, which some have already dubbed “Black Monday,” was not a kind day to global equity markets. The rout began with a massive sell-off in China, where the benchmark Shanghai Composite Index plunged 8.49 percent in just one day. Those losses...
Conversation
08.25.15
Is the Bloom Off the Rose of China’s Economic Miracle?
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
08.03.15
Villain or Hero for Stock Market Saga?
An obscure equities-trading finance agency that brokers often slighted in favor of bank loans has suddenly taken center stage in the drama playing out in the stock market.But reviews are mixed over whether the four-year-old, quasi-governmental China...
Conversation
07.29.15
Can Xi Jinping Turn China’s Economy Around?
On Monday, the Shanghai Composite Index fell 8.5 percent, erasing all of the gains it had made in an extraordinary run-up this year. The drop was the second 8.5 percent drop in recent weeks. The first such drop (the occasion for the Conversation...
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07.27.15China’s Shares Tumble Again
New York Times
Artists, essayists, lawyers, bloggers and others deemed to be online troublemakers have been hauled into police stations and investigated or imprisoned for “picking quarrels and provoking trouble,” a charge that was once confined to physical...
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07.15.15China Surprises With 7% Growth in Second Quarter
Wall Street Journal
China’s growth remained at 7% in the second quarter, a level economists had thought would be hard to reach amid broad signs that Beijing’s policies to jump-start the economy hadn’t taken hold.
Sinica Podcast
07.13.15
Good Riddance, Monsieur Epstein
from Sinica Podcast
The hosts of the Sinica Podcast are not surprised that Gady Epstein is moving on. We used to buy the papers for his “Telegrams from the Orient”, but then he took that Economist gig and his productivity plummeted and it has become hard to even...
Media
05.29.15
Is the Shanghai Stock Market Bubble Finally Bursting?
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a...
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05.25.15Chinese Stocks Surge Most Since 2008 for World’s Biggest Rally
Bloomberg
Rally buoyed by optimism around government plans to boost foreign access to the nation’s markets.
Sinica Podcast
05.11.15
India Comes to China
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...
Sinica Podcast
05.04.15
The Furor and the Asian Infrastructure Investment Bank
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...
Media
04.14.15
Henry Paulson: ‘Dealing with China’
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...
Conversation
01.26.15
Does Size Matter? (In the U.S. and Chinese Economies, That Is...)
Last week, President Obama’s State of the Union Address touted a U.S. economic recovery. Meanwhile, China’s economic growth is slowing and Ma Jiantang, head of the National Bureau of Statistics, has said that China’s economy, contrary to overseas...
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01.20.15Why Paul Krugman is Scared of China
CNN
"China scares me," he said Tuesday at the Asian Financial Forum in Hong Kong. "It scares me not because the policies have been wrong or anything, but because of the magnitude of the adjustment."
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01.05.15Inside a Chinese Test-Prep Factory
New York Times
One minute later, at precisely 11:45, the stillness was shattered. Thousands of teenagers swarmed out of the towering front gate of Maotanchang High School. Many of them wore identical black-and-white Windbreakers emblazoned with the slogan, in...
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12.22.14China Offers Russia Ruble Help
Wall Street Journal
China says it is willing to provide assistance to Russia following recent sharp drops in the value of its currency, said a senior official, as President Vladimir Putin’s regime faces continuing strains with the U.S. and Europe.
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12.19.14China’s Housing Resists Efforts to Spur Market
New York Times
Every urban real estate market is different in mainland China, driven by myriad municipal and provincial regulations and the varying strength of local economies. But the outcome is the same: The property market is under serious pressure.
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12.17.14Diversity the New Game for Macau as Gambling Revenues Tumble
South China Morning Post
When inaugural chief executive Edmund Ho Hau-wah threw the liberalisation dice that took Macau's flagging gaming industry into the 21st century in 2002, few could have predicted its stellar rise to become the top city for global gaming, leaving...
Features
12.10.14
Why Beijing’s Troubles Could Get a Lot Worse
from Barron’s
Few foreigners know China as intimately as Anne Stevenson-Yang does. She has spent the bulk of her professional life there since first arriving in 1985, working as a journalist, magazine publisher, and software executive, with stints in between...
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12.09.14China Tightening Curbs on Opaque Local Debt Spurs Market Tumble
Bloomberg
While the change caught traders off guard, authorities in the world’s second-largest economy are trying to rein in the use of lightly-regulated Local Government Finance Vehicles (LGFVs) as they promote the development of a more transparent municipal...
The NYRB China Archive
11.20.14‘China Strikes Back’: An Exchange
from New York Review of Books
Letters in response to: “China Strikes Back!” from the October 23, 2014 issue of The New York Review of Books.To the Editors:In “China Strikes Back” [NYR, October 23], Orville Schell sounds a much-needed wake-up call about China’s recent attitude...
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11.07.14China Announces Import Support Measures as APEC Leaders Arrive
Financial Times
China tossed a bone to trading partners attending the Asia Pacific Economic Cooperation meeting this week by announcing a series of measures including more bank credit for high-tech imports and quicker approvals for meat and seafood shipments.
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11.03.14China Rolls out the Red Carpet for APEC
Financial Times
The APEC summit of nations that collectively represent more than half the global economy is more about dialogue and non-binding commitments than implementing change.
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10.29.14It’s Time to Give China Some Time
Bloomberg
There’s also evidence the country may be approaching something of a Henry Ford moment, when a manufacturing-based economy matures to point where workers can afford to buy the products they're making.
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10.29.14China Says It Will Be Good Host to Japan During APEC
Voice of America
A one-on-one meeting would be a symbolic breakthrough in ties between the world's second- and third-biggest economies, which have turned frigid in the past two years over a territorial row.
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10.14.14All Eyes Will Be On China This Week
Business Insider
China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth.
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10.08.14China’s Economy Just Overtook The U.S. In One Key Measure
Huffington Post
Here's another way of looking at it -- China's share of the global economy is now slightly bigger than America's, at 16.5 percent to 16.3 percent.
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05.11.14Follow the Money, China-Style
New York Times
The appreciation of the yuan has failed to convince ordinary Chinese people that their money buys more; on the contrary, they feel it’s worth less.
Infographics
04.15.14
Hidden Taxes
from Sohu
It is tax day in the United States, when many citizens groan and grumble at the size of their refund (what refund?) or scratch their heads as they try to maximize deductions. Our partners at Sohu recently published an infographic, which we have...
Media
11.21.13
For Cash-Strapped Parents, Two Babies Are Too Many
Call it reproduction with Chinese capitalist characteristics. On November 15, authorities announced that the country’s One-Child Policy would be loosened, adding couples in which one spouse is an only child to the list of families allowed to have...
Conversation
10.16.13
Uncomfortable Bedfellows: How Much Does China Need America Now?
Bill Bishop:The D.C. dysfunction puts China in a difficult place. Any financial markets turmoil that occurs because of a failure of Congress to do its job could harm China’s economy, and especially its exports. The accumulation of massive foreign-...
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07.08.13China Second Quarter GDP to Test Reformers’ Stomach for Slower Growth
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.
Reports
06.01.13
Inequality in China
World Bank
This paper provides an overview of research on income inequality in China over the period of economic reform. It presents the results of two main sources of evidence on income inequality and, assisted by various decompositions, explains the reasons...