China’s Wanda Plans to Buy ‘One or Two Large International Entertainment Companies’

Abid Rahman
Hollywood Reporter
Amid consolidation chatter in the U.S., the owner of exhibition giant AMC says it plans to become a “real” multinational company and “intensify” its investment in the entertainment sector globally.

Does Multimillion Dollar Chinese Investment Signal Detroit’s Rebirth?

Jonathan Kaiman
Guardian
With a weak US dollar, strong yuan and China’s own real estate market cooling after years of explosive growth, Detroit is an attractive—but high-risk—option for Chinese property developers.

Unprecedented: Chinese Company Beats Obama in Court

Wall Street Journal
In an unprecedented development on Tuesday,Chinese-owned Ralls Corp. proved the naysayers wrong, securing a court victory over the president that could shake up the way the U.S. reviews foreign acquisitions with national security concerns.

With Tensions Rising, Japanese Investment in China Plummets

Dexter Roberts
Businessweek
Another consequence of the worsening Sino-Japanese relations: Japanese investment into China dropped by nearly half in the first six month of 2014, according to a new report by China’s Ministry of Commerce.

Chinese Social Network For Moms Gets $20 Million

Steven Millward
Tech in Asia
A Chinese social network for mothers has secured US$20 million in series B funding to help it grow. LMBang already has 20 million registered users, of whom 2.6 million are daily active users.

Billionaire South African Family Sells Wine to China Rich

Dylan Griffiths
Bloomberg
When 45 alumni of Tsinghua University, the alma mater of China’s last two leaders, stopped for lunch at La Motte vineyard in South Africa two years ago, they ordered 1.5 million rand ($141,000) of wine to take away.

China Tries To Establish Foothold In Zambia, Tanzania

Howard French, Renee Montagne, and...
NPR
Howard French, author of China's Second Continent, talks to Steve Inskeep about why some African countries are of particular interest to Chinese leaders...

Media

05.08.14

The Chinese Are Coming! (And That’s OK)

On April 29, the United States Chamber of Commerce, a U.S. lobbying group, announced that Chinese investment in the United States surpassed U.S. investment in China for the first time. The news has been a long time in coming: Over the past decade,...

In China, A Big Jet Becomes a Status Symbol

Joe Sharkey
New York Times
Chinese buyers are enthusiastically opting mostly for so-called heavy metal jets—big, long-range luxury jets that can cost $50 million or more before extras like fancy cabin fixtures.

China’s Alibaba Launches Crowdfunding-Like Service for Film Investment

Clifford Coonan
Hollywood Reporter
China's largest e-commerce company, Alibaba, launched a micro-finance service for movies...

Media

03.25.14

China, We Fear You

On March 18, thousands of students began a sit-in of Taiwan’s Legislative Yuan in the capital, Taipei, a historic first that has paralyzed the island’s lawmaking body. Students have amassed to protest an attempt by the Kuomintang, the island’s...

Caixin Media

03.25.14

State-Owned Oil Firms Invite Outside Investors

Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs).   After the Chinese New Year, China Petroleum and Chemical...

China’s Growing Stake in Stability

The Editorial Board
New York Times
China’s growing investment in industries worldwide chills those who see in it the specter of a global economic behemoth. But there could be more reason to welcome than fear this new role. 

Caixin Media

03.11.14

Li Ka-shing’s Remedy for ‘Coddled’ Hong Kong

Hong Kong tycoon Li Ka-shing is again in the media spotlight after he mentioned in late February the possibility of publicly listing his retail business A.S. Watson Group, which is part of the Hong Kong-listed conglomerate Hutchison Whampoa."No...

Blankfein Says China’s Expansion to Have ‘Huge Consequences’

Chitra Somayaji And Russell Ward
Bloomberg
“The China growth story is going to be the story of the next 30-40 years,” Blankfein said in an interview with Bloomberg Television.

Caixin Media

02.11.14

Local Governments Aim for Lower GDP Growth This Year

Most of the local governments that have announced their GDP targets for this year aimed lower than they did in 2013, citing the need to rebalance the economy and improve the quality of growth. Many missed their growth targets last year.The...

Books

02.05.14

By All Means Necessary

Elizabeth C. Economy and Michael Levi
In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them.In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a far-flung quest, hunting around the world for fuel, ores, water, and land for farming, and deploying whatever it needs in the economic, political, and military spheres to secure the resources it requires. Chinese traders and investors buy commodities, with consequences for economies, people, and the environment around the world. Meanwhile the Chinese military aspires to secure sea lanes, and Chinese diplomats struggle to protect the country’s interests abroad. And just as surely as China’s pursuit of natural resources is changing the world—restructuring markets, pushing up commodity prices, transforming resource-rich economies through investment and trade—it is also changing China itself. As Chinese corporations increasingly venture abroad, they must navigate various political regimes, participate in international markets, and adopt foreign standards and practices, which can lead to wide-reaching social and political ramifications at home.Clear, authoritative, and provocative, By All Means Necessary is a sweeping account of where China’s pursuit of raw materials may take the country in the coming years and what the consequences will be—not just for China, but for the whole world. —Oxford University Press{chop}

China Exclusive: Chinese, U.S. Presidents Possibly to Meet on Three Occasions in 2014

Xiong Zhengyan, Bai Jie
Xinhua
Possible meetings on the sidelines of three international conferences will enable more bilateral cooperation. 

Chinese Trust Fund Avoids High-profile Default

Simon Rabinovitch, Josh Noble
Financial Times
One of China's biggest “shadow banks” raises Rmb3bn from investors, which was backed by a coal mine which later collapsed. ...

Books

01.16.14

Debating China

Nina Hachigian (Editor)
America and China are the two most powerful players in global affairs, and no relationship is more consequential. How they choose to cooperate and compete affects billions of lives. But U.S.-China relations are complex and often delicate, featuring a multitude of critical issues that America and China must navigate together. Missteps could spell catastrophe.In Debating China, Nina Hachigian pairs American and Chinese experts in collegial “letter exchanges” that illuminate this multi-dimensional and complex relationship. These fascinating conversations—written by highly respected scholars and former government officials from the U.S. and China—provide an invaluable dual perspective on such crucial issues as trade and investment, human rights, climate change, military dynamics, regional security in Asia, and the media, including the Internet. The engaging dialogue between American and Chinese experts gives readers an inside view of how both sides see the key challenges. Readers bear witness to the writers’ hopes and frustrations as they explore the politics, values, history, and strategic frameworks that inform their positions. This unique volume is perfect for anyone who wants a deeper understanding of U.S.-China relations today.—Oxford University Press{chop}{node, 4406, 4}

Environment

01.15.14

Why Low-Carbon Innovation Matters

Sam Geall from chinadialogue
It came as little surprise when Beijing’s environmental authorities reported in early January last year that the capital’s levels of PM2.5 (a measure of air pollution) were more than double the national standard. The past year saw no end to the smog...

China Pouring Billions into London Real Estate

Zhang Chunyan
China Daily
Chinese investment in London real-estate has risen 1,500 percent since 2010.

Is China's Economy Headed for a Crash?

John Aziz
Week
A growth model dependant on financial repression of the household sector has run out of steam. 

What Could Happen in China in 2014?

Gordon Orr
McKinsey & Company
Gordon Orr predicts corporate focus on driving productivity, increased interest in CIOs, bankrupt shopping malls, and European investment in Chinese soccer clubs. 

Caixin Media

01.08.14

How Shanghai’s Free Trade Zone Works

At a conference table surrounded by bookshelves in his Shanghai office, the city’s party boss Han Zheng recently polished the image of a commercial crown jewel—the China (Shanghai) Pilot Free Trade Zone—during an exclusive interview with Caixin.Han...

Caixin Media

12.30.13

The Rise and Fall of a Local Official Obsessed

A November 27 statement by the Communist Party’s anti-corruption watchdog confirmed that the Deputy Governor of Hubei Province, Guo Youming, was being investigated for graft.Three days later, Guo was removed from his post, becoming the thirteenth...

Chinese Weibo Users Are Salivating Over Detroit’s Bankruptcy

Gwynn Guilford
Quartz
Millions commented on the CCTV post about Detroit on Sina Weibo. As one user put it, “Seven-hundred thousand people, quiet, clean air, no pollution, democracy — what are you waiting for?” 

Bruno Wu, Former Bertelsmann CEO Form China Media Venture

Hollywood Reporter
Thomas Middelhoff and the Chinese mogul launch BT Capital, a “China-originated global media and alternative investment group” that will pool their entertainment assets with revenue of $1 billion-$2 billion.

Bruno Wu, Former Bertelsmann CEO Form China Media Venture

Hollywood Reporter
Chinese media tycoon Bruno Wu is partnering with former Bertelsmann and Arcandor chief executive, Thomas Middelhoff to form a China-focused media and investment joint venture. 

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.

China Surpasses U.S. In Clean-Energy Investment

Keith Johnson
Wall Street Journal
Globally, clean-energy investment fell last year 11% to $269 billion. But China bucked the trend, attracting of $65.1 billion in clean-energy investment in 2012, a 20% uptick over 2011 and nearly one-third of the total investment in G-20 countries...

China And California Sign Deal To Boost Investment

Associated Press
A new joint task force composed of officials from the California government and China's Commerce Ministry identified sectors for potential expanded investment and trade including infrastructure, environmental protection, agriculture...

Reports

03.29.13

China’s Path to Consumer-Based Growth

Il Houng Lee, Murtaza Syed, Liu Xueyan
Luo Xiaoyuan
International Monetary Fund (IMF)
This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private...

Backed By Profit-Hungry Investors, New Approach To Farming Takes Root

Ma Yuan, Zheng Fei, Liu Ran, and Rong...
Investors in the country betting big on the organic concept have poured money into food producers and distributors, especially as food scandals make citizens more and more wary of familiar produce. 

China’s Richest Man Says Capital Markets ‘Suck’

Lilian Lin
WSJ: China Real Time Report
 Zong Qinhou's sentiment speaks volumes, highlighting the monumental obstacles investors face in China as they look for places to park their money in hopes of a return. ...

Conversation

03.01.13

Is America’s Door Really Open to China’s Investment?

Daniel H. Rosen, Orville Schell & more
Daniel Rosen:There have not been many new topics in U.S.-China economic relations over the past decade: the trade balance, offshoring of jobs, Chinese holding of U.S. government debt, whether China’s currency is undervalued and intellectual property...

Conversation

02.22.13

Will Investment in China Grow or Shrink?

Donald Clarke & David Schlesinger
Donald Clarke:I don’t have the answer as to whether investment in China will grow or shrink, but I do have a few suggestions for how to think about the question. First, we have to clarify why we want to know the answer to this question: what do we...

Private Equity in China: Which Way Out?

Neil Gough
Deal Book
Three-quarters of private equity deals struck between 2001-12-worth $230 billion-have yet to pay off, a new report shows. 

For China’s ‘Great Renewal,’ 8 Trends to Keep an Eye On

Bill Bishop
Deal Book
The Bo Xilai scandal, an economic downturn and the leadership switch from Hu Jintao to Xi Jinping made 2012 one of China’s most eventful years. It is hard to imagine that next year will be as exciting, but there will be change.

Caixin Media

12.07.12

Who Pays When a Wealth Product Fails?

A crowd of angry investors packed a Shanghai branch of Huaxia Bank on December 3 after they heard that the money wasn’t there for the first of four repayments for a 119 million-yuan wealth management plan. They demanded their money back from Huaxia...

Reports

11.27.12

Is China Over-Investing and Does it Matter?

Il Houng Lee, Murtaza Syed, Liu Xueyan
Luo Xiaoyuan
International Monetary Fund (IMF)
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out,...

China’s Xi May Unveil Plan for Change Late 2013, CICC Head Says

Zhou Xin
Bloomberg
China’s new leadership, headed by Xi Jinping, will probably unveil new market-oriented changes in late 2013, according to Li Jiange, head of the country’s biggest investment bank.Li, chairman of China International Capital Corp. and a vice...

Caixin Media

11.12.12

Weighing Risks Amid a Wealth Management Boom

Is China’s wealth management business a booming profit volcano for investors, or just another smoke-and-mirrors pyramid scheme?It’s a question dividing the nation’s bankers and banking regulators as investors of all kinds pour cash into bank-...

Debating China’s Economic Future

Nicholas Lardy and Michael Pettis
Wall Street Journal
Is China’s economic growth destined to plunge down to 3% to 4% a year, or can it be sustained in the current 7% to 8% range? China Real Time has asked heavyweight experts Michael Pettis of Peking University and ...

Reports

11.06.12

Investment-Led Growth in China: Global Spillovers

Ashvin Ahuja, Malhar Nabar
Luo Xiaoyuan
International Monetary Fund (IMF)
Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment-led growth and...

China Leads in Foreign Direct Investment

Jack Perkowski
Forbes
China reclaiming from the FDI leadership had as much to do with the fall off in FDI into the U.S. as it had to do with events in China.

Caixin Media

10.19.12

Tapping into Crowd Power with Website Finance

Investing like an angel now costs no more than an average duck dinner in Beijing.The force driving China’s growing ranks of small-scale angel investors are crowdfunding websites, which offer individuals access to business financing pools for as...

As Romney Repeats Trade Message, Bain Maintains China Ties

Sharon LaFraniere and Mike McIntire
New York Times
China-related holdings by funds in which Mr. Romney has invested are a reminder of how he inhabits two worlds. 

Books

07.26.12

Winner Take All

Dambisa Moyo
Commodities permeate virtually every aspect of modern daily living, but for all their importance—their breadth, their depth, their intricacies, and their central role in daily life—few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom--shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry.Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China’s rush for resources across all regions of the world. The scale of China’s resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history. To be sure, China is not the first country to launch a global crusade to secure resources. From Britain’s transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860’s and 1870’s, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries.So too is China’s resource rush today. Although still in its early stages, already the breadth of China’s operation is awesome, and seemingly unstoppable. China’s global charge for commodities is a story of China’s quest to secure its claims on resource assets, and to guarantee the flow of inputs needed to continue to drive economic development.  —Basic Books

Caixin Media

07.19.12

Vineyards Pop Corks on Chinese Wine Investors

Wine-tasting party conversations among investors in China are increasingly sounding like sour grapes.Some well-heeled wine investors have been anxiously debating whether a price bubble for investment-grade wine is getting ready to burst. Others...

Caixin Media

07.18.12

Financial Reform Has Only Begun

The Chinese economy’s rapid growth over the past thirty years has fundamentally changed global economic structures. But our achievements have come at a price: We have run up against hard limits in many areas, including factor investment costs and...

Caixin Media

06.08.12

Road Show Media Bandits Squeeze IPO Hopefuls

Buying media silence is a common first step toward an initial public offering in China that siphons billions of yuan every year from companies seeking investors in Shanghai and Shenzhen.The phenomenon has been documented by the China Securities...

Caixin Media

05.25.12

Hard Lesson for China Concept-Stock Investors

Imagine discovering on your first day as a new CEO that your employer is merely a shell that may be destined for a shameful delisting on the Nasdaq Stock Market.That’s what happened recently to ChinaCast Education Corp. CEO Feng Yiyi, who is now...

Caixin Media

04.01.12

China’s African Challenge

Roughly 1 million Chinese nationals are working or doing business in Africa, from Egypt’s Mediterranean shore to the Cape of Good Hope.Theirs are the faces behind China’s soaring direct investment in Africa, which, according to the Ministry of...

Reports

04.01.12

Is China Slowing Down?

John H. Makin
American Enterprise Institute for Public Policy Research
With problems in the manufacturing, housing, and export sectors in China, we will likely see slower gross domestic product growth for the world’s second largest economy in 2012. China’s leadership is changing for the first time in a decade, and its...

Reports

11.16.11

Telecoms and the Huawei Conundrum

Claude Barfield
American Enterprise Institute for Public Policy Research
The Chinese company Huawei has emerged as the second-largest telecommunications equipment company in the world. It operates in 140 countries around the globe, providing equipment, software, and services to forty-five of the world’s fifty largest...

Reports

11.10.11

Taiwan and East Asian Regionalism

Claude Barfield
American Enterprise Institute for Public Policy Research
With a population of only 23 million, Taiwan boasts a gross domestic product of $822 billion, which ranks 19th among the world’s economies. It is the fourth largest economy in Asia. Real GDP per capita increased by roughly 130 percent from 1995 when...

Reports

09.28.11

Hong Kong’s Recovery from the Global Financial Crisis

International Monetary Fund (IMF)
Hong Kong’s economy was severely affected by the global financial crisis (through both trade and financial channels). A recovery is now underway, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported...

Sinica Podcast

09.16.11

North Korea: Open for Business?

Jeremy Goldkorn, Edward Wong & more from Sinica Podcast
As the guillotine of debt contagion hangs over Europe, financial pressures in Asia have led an unexpected player to make a strategic shift. After months of escalating tensions with South Korea have shuttered its opportunities for expanded trade...

Sinica Podcast

09.24.10

Attack of the China Bears

Kaiser Kuo, Gady Epstein & more from Sinica Podcast
As the American economy teeters on the brink of a double-dip recession, “China Bear” sightings have increased significantly. A loosely-knit group of economists and critics who see storm clouds looming over the Chinese economy, China Bears have a...