ChinaFile Recommends
08.29.17New Silk Road: Japan to Counteract China in Kazakhstan with New Asia-Europe Rail Deal
Forbes
Japan continues standing in the ring with China, exchanging blow for blow as the Asian rivals both compete and cooperate with each other in the creation of the trans-Eurasian mega-project that has been...
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08.29.17Under Pressure: The Story behind China’s Ivory Ban
Guardian
For years Chinese government officials were followed around the world, at every meeting, by a single issue: the scores of dead elephants across Africa, and the international community that blamed China for this “ivory “holocaust”.
ChinaFile Recommends
08.28.17Trump on China: ‘I Want Tariffs. And I Want Someone to Bring Me Some Tariffs’
MarketWatch
President Donald Trump demanded tariffs against China at a recent White House meeting, according to a new report, dismissing concerns from his “globalist” advisers.
ChinaFile Recommends
08.28.17More Turmoil for China’s Wanda as Rumors Fly
Variety
China’s Dalian Wanda issued a stern denial Monday following rumors that company chairman Wang Jianlin had been detained by authorities as he attempted to fly abroad. The unsubstantiated reports caused stocks in Wanda’s hotel group to swoon. “Rumors...
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08.28.17China Is Investing $57 Billion into Pakistan
Fortune
Chinese entrepreneurs are looking to explore opportunities in Pakistan, where Beijing has pledged to spend $57 billion on infrastructure projects as part of its “Belt and Road” initiative.
ChinaFile Recommends
08.24.17China State Media Says US Will ‘Pay’ for ‘Unjust’ Sanctions
CNBC
China has come out strongly against new U.S. moves to pressure North Korea with its foreign ministry opposing the “long-arm jurisdiction” of President Donald Trump’s administration, arguing that Beijing has always met international obligations in...
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08.24.17China Will Use ‘All Necessary Means’ against US Trade Probe
Guardian
China’s commerce ministry has already expressed “strong dissatisfaction” with the US launch of an inquiry into alleged theft of U.S. intellectual property, calling it “irresponsible”.
ChinaFile Recommends
08.24.17China’s ‘Belt and Road’ Initiative Could Be the next Risk to the Global Financial System
CNBC
China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale.
ChinaFile Recommends
08.24.17Balance of Power: China Extends Its Reach
Bloomberg
President Xi Jinping is spending more than $50 billion in an economic corridor in Pakistan, Afghanistan’s neighbor. The highways and gas pipelines, designed to provide China an alternative land route to the high seas, also give it an interest in...
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08.23.17Germany Is Trying to Stop China from Gobbling up Its Companies — but There May Be a Downside
CNBC
Think of Germany and it isn’t long before visions of bustling business districts and thriving manufacturing plants spring to mind. It isn’t surprising: it’s these industries that have elevated the country to rank among the world’s leading economies...
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08.23.17New Balance Wins $1.5 Million in Landmark China Trademark Case
New York Times
A Chinese court has ruled that three domestic shoemakers must pay New Balance $1.5 million in damages and legal costs for infringing the American sportswear company’s signature slanting ”N” logo, in what lawyers said was the largest trademark...
Viewpoint
08.22.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/hk_book_store-sm.jpg?itok=PHlIgPKX)
Burn the Books, Bury the Scholars!
Chinese censorship has come a long way. During his rule in the second century B.C.E., the First Emperor of a unified China, Ying Zheng, famously quashed the intellectual diversity of his day by ‘burning the books and burying the scholars’. He not...
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08.22.17China, Like U.S., Struggles to Revive Industrial Heartland
New York Times
The hulking, brown–brick industrial plants lining the roads were once the backbone of this gritty city. Today, they are outdated and unwanted, and the region is one of the Chinese economy’s most troubled.
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08.22.17China to Rev up Bullet Train Revolution with World's Fastest Service on Shanghai-Beijing Line
South China Morning Post
China will soon start official operation of the world’s fastest train service, knocking an hour off the 1,318km journey between Beijing and Shanghai.
ChinaFile Recommends
08.22.17Ford in Talks to Launch Fully Electric Cars in China
Financial Times
Ford is in talks to launch fully electric cars for the Chinese market as the US carmaker plays catch up to international rivals in the race to develop battery vehicles.
Books
08.21.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/books/system/james_stent_hirez.jpg?itok=nuDWycN7)
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China’s Banking Transformation
In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China’s Banking Transformation challenges negative media accounts and reports of “China bears.” Based on his 13 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the author brings the informed view of an insider to the reality of Chinese banking.China’s Banking Transformation demonstrates that Chinese banks have transformed into modern, well-run commercial banks, playing a vital role supporting the country’s extraordinary economic growth. Acknowledging that China’s banks are different from Western banks, the author explains that they are hybrid banks, borrowing extensively from Western models, but at the same time operating within a traditional Chinese cultural framework and in line with China’s governance model.From his personal experience working at board level, Stent describes the governance and management of China’s banks, including the role of the Communist Party. He sees China’s banks as embedded in ancient concepts of how government and society work in China, and also as actors within a market socialist political economy. The Chinese banking system today bears similarities with banking in Northeast Asian “developmental states” of recent past, and also pre-1949 Chinese banking.As the first account of Chinese banking by a Westerner who has worked in China’s banks, China’s Banking Transformation should be read by anyone interested in the political economy of contemporary China, in Asian development issues, and in banking issues generally. The book dispels misconceptions and provides insight into the financial aspects of China’s economic growth story. —Oxford University Press{chop}
Conversation
08.21.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/cambridge-sm.jpg?itok=MfxjNy34)
Should Publications Compromise to Remain in China?
The prestigious “China Quarterly will continue to publish articles that make it through our rigorous double-blind peer review regardless of topic or sensitivity,” wrote editor Tim Pringle on Monday after days of intense criticism of the brief-lived...
ChinaFile Recommends
08.17.17Steve Bannon Says U.S. In Economic War with China
NBC News
The United States is in an economic war with China, U.S President Donald Trump's chief political strategist has said, warning Washington is losing the fight but is about to hit China hard over unfair trade practices.
Conversation
08.16.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/trump_china_trade-sm.jpg?itok=diaZ7eKI)
Trump Says He Wants Fairer Trade with China. Will His Latest Move Work?
On Monday, Donald Trump returned to Washington from his summer vacation for the public signing of an executive order requesting that the United States Trade Representative begin a review to determine wether the U.S. should investigate China over...
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08.16.17Exclusive: China's Belt and Road Acquisitions Surge despite Outbound Capital Crackdown
Reuters
Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China’s acquisitive conglomerates to restrict capital outflows.
ChinaFile Recommends
08.16.17China Reclaims Spot as World's Biggest Holder of Treasuries
Bloomberg
China reclaimed its position as the top foreign owner of U.S. Treasuries after increasing its holdings for the fifth straight month.China’s holdings of U.S. bonds, notes and bills rose to $1.15 trillion in June, up $44.3 billion from a month earlier...
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08.15.17Trump Administration Goes After China Over Intellectual Property, Advanced Technology
Washington Post
President Trump signed an executive memorandum Monday afternoon that will likely trigger an investigation into China’s alleged theft of U.S. intellectual property, a measure that could eventually result in a wide range of penalties as the...
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08.15.17Facebook Tests Way Into China Via Secret Photo—Sharing App
Financial Times
A photo—sharing app has appeared on Apple’s App Store in China that looks exactly like Facebook’s Moments app, and analysts say it may be a way for the US tech group to finally break into its most coveted market.
ChinaFile Recommends
08.14.17In China, Facebook Tests the Waters with a Stealth App
New York Times
Facebook and many of its apps have been blocked in China for years. To change that, Mark Zuckerberg has made a big point of meeting with Chinese politicians, reading stodgy Communist Party propaganda, studying Mandarin and—perhaps more daunting—...
ChinaFile Recommends
08.14.17Facebook’s Secret Chinese App Is a Dud in China So Far
Quartz
Over the weekend the New York Times reported (paywall) that Facebook had stealthily released a photo-sharing app in the Chinese iOS App Store translated as “Colorful Balloons.” The news spread rapidly around English-language media, as it marked the...
Conversation
08.10.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/china_un_korea-sm.jpg?itok=jNXQsjfU)
Should China Support the U.S. in a War with North Korea?
On August 9, U.S. President Donald Trump warned North Korea that if it does not stop threatening the United States, it will be “met with fire and fury and frankly power, the likes of which this world has never seen before.” Just hours later, the...
ChinaFile Recommends
08.10.17China Warns U.S. Over Aluminum Dispute
CNN
China has told the Trump administration to tread carefully in a spat over aluminum exports if it wants to avoid damaging the relationship between the world’s two largest economies. The Chinese Ministry of Commerce on Thursday disputed U.S...
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08.10.17A Missing Tycoon’s Links to China’s Troubled Dalian Wanda
New York Times
Dalian Wanda, the Chinese conglomerate that owns the AMC movie theater chain and nurtures Hollywood ambitions, has sometimes turned to the secretive business network of a politically connected Chinese billionaire in times of need. Now both Wanda and...
ChinaFile Recommends
08.09.17SoftBank Partners with China’s Ofo to Bring Its Dock-Less Bikes to Japan
TechCrunch
A month after committing to help WeWork enter Japan, SoftBank is lending a hand to another global unicorn with its sights set on the country. Today, it announced a tie-in that will bring Ofo’s dock-less bike rental service to Japanese soil.
ChinaFile Recommends
08.08.17China Willing to ‘Pay a Price’ for Stronger North Korea Sanctions
CNN
China is willing to take the economic hit of greater sanctions on North Korea, a top official said Monday, as Washington continues to pressure Beijing on the issue.
ChinaFile Recommends
08.08.17China’s Crackdown on Money Fleeing the Country Looks Like It’s Working
CNBC
China’s giant cash pile is increasing—and it’s a sign that the government’s industry-spanning crackdown on money fleeing the country is working.
ChinaFile Recommends
08.07.17Patriotic Action Film Set to Break China Blockbuster Record
Financial Times
A patriotic Chinese action film whose tagline is “whoever offends China will be hunted down wherever they are” is poised to become the country’s highest grossing film to date.
ChinaFile Recommends
08.07.17‘China Has Conquered Kenya’: Inside Beijing’s New Strategy to Win African Hearts and Minds
Los Angeles Times
It took the StarTimes satellite TV salesman about 30 minutes to install a pipeline for Chinese propaganda into Francis Gitonga’s squat, cinder-block home here in southern Kenya, near Africa’s Great Rift Valley.
ChinaFile Recommends
08.06.17The Trump Organization Has Been Granted Trademarks in Macau, China’s Casino Hub
Fortune
A company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the “Trump” brand in the world’s biggest gambling center.
Conversation
08.03.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/wang_jianlin-sm.jpg?itok=3ZHzcoUE)
As China Reins in Capital, What Next for Global Trade?
China’s Communist Party and its leader, Xi Jinping, are tightening controls on overseas spending by the country’s biggest companies and their highly visible billionaire CEOs. The Wall Street Journal reported recently that Xi personally signed off on...
ChinaFile Recommends
08.02.17U.S. Cinema Chain AMC's Shares Plummet 25% on Profit Warning in Latest Setback to China's Wanda Group
South China Morning Post
Troubled Chinese real estate conglomerate Dalian Wanda Group has received another setback after shares of its U.S. cinema subsidiary, AMC Entertainment Holdings, plummeted 25 percent on Tuesday after it issued a profit warning for the second quarter.
ChinaFile Recommends
08.02.17Apple’s Decision to Remove VPN Apps from the App Store in China Explained by Tim Cook
Independent
Tim Cook has responded to criticisms that Apple is quietly removing apps from the App Store for the Chinese government.
ChinaFile Recommends
08.01.17Debt-Ridden Chinese Giant Now a Shadow of Its Former Size
New York Times
The Han Show here in central China was supposed to turn the city of Wuhan into a leading tourist destination, with a dazzling spectacle of lights, water jets and acrobats by the former creative director of Cirque du Soleil. But the custom-built 2,...
ChinaFile Recommends
08.01.17Joining Apple, Amazon’s China Cloud Service Bows to Censors
New York Times
Days after Apple yanked anti-censorship tools off its app store in China, another major American technology company is moving to implement the country’s tough restrictions on online content.
08.01.17
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Xinjiang Uyghur Autonomous Region Urumqi High-Tech Industrial Development Zone Innovation and Entrepreneurship Demonstration Base Work Plan
The Economic and Development Reform Commission of the Urumqi High-Tech Industrial Development Zone
In 2017, the Economic and Development Reform Commission of the Urumqi High-Tech Industrial Development Zone, in the Xinjiang Uyghur Autonomous Region, issued a work plan for the zone. The work plan describes the overall goals of the zone as well as...
ChinaFile Recommends
08.01.17Trump Administration Is Said to Open Broad Inquiry into China’s Trade Practices
New York Times
The White House is preparing to open a broad investigation into China’s trade practices, according to people with knowledge of the Trump administration’s plans, amid growing worries in the United States over a Chinese government-led effort to make...
ChinaFile Recommends
07.31.17A Crackdown on Unfettered Internet Access Is Jeopardizing China’s Pro-Business Credentials
Time
Another big political meeting, another crackdown on Virtual Private Networks (VPNs)—the location-shifting software many in China use to access websites banned by its government, such as Facebook, YouTube and Google.
ChinaFile Recommends
07.31.17Apple ‘Pulls 60 VPNs from China App Store’
BBC
The BBC understands that as many as 60 VPNs were pulled over the weekend. Apple said it was legally required to remove them because they did not comply with new regulations. It refused to confirm the exact number of apps withdrawn, but did not deny...
ChinaFile Recommends
07.27.17China’s Banks Are Now Stable as ‘Shadow’ Banking Looks Less Threatening, Moody’s Says
CNBC
Moody’s Investors Service no longer takes a negative view on China’s banking system, raising its outlook to stable on Thursday as concerns over so-called shadow banking eased.
ChinaFile Recommends
07.26.17Does North Korea Sanctions Bill Risk US-China Relationship?
CNN
The US may target Chinese companies as part of new North Korea sanctions, an administration official said this week, even as diplomats are working with Beijing at the UN to reach a new international agreement.
ChinaFile Recommends
07.26.17China Orders Halt to Red Meat Imports From Several Australian Meatworks
ABC
China has temporarily banned beef exports from six Australian meatworks, the Federal Government has confirmed.
ChinaFile Recommends
07.26.17China to Turn All Centrally Owned Giants Into Joint-Stock Firms by 2017
Reuters
China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets.
Environment
07.25.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/eden_project-sm.jpg?itok=NXQ9H4Ls)
China Enters the Garden of Eden
from chinadialogue
Built on the site of an abandoned clay pit, the Eden Project has never been short of grand vision.Its iconic biomes house the world’s largest captive rainforest and have become a landmark of the local Cornish countryside. Since opening 16 years ago...
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07.25.17Why Ponzi Schemes Are Thriving in China Despite Crackdowns
South China Morning Post
The financial naivety of the public and a collective desire for unfeasibly high returns have helped fuel the proliferation of fraudulent investment schemes in China, according to an academic.
ChinaFile Recommends
07.25.17For China's Global Ambitions, ‘Iran Is at the Center of Everything’
New York Times
When Zuao Ru Lin, a Beijing entrepreneur, first heard about business opportunities in eastern Iran, he was skeptical. But then he bought a map and began to envision the region without any borders, as one enormous market.
ChinaFile Recommends
07.24.17China’s ‘Belt and Road’ Opens up New Business in Africa—for Both the U.S. And China
Washington Post
There has been no shortage of headlines proclaiming China’s growing clout in a “new world order” in recent months. This speculation resurfaced after the July G-20 summit, at which the United States reconfirmed its withdrawal from the Paris climate...
ChinaFile Recommends
07.24.17Former Political Star in China Is Under Party Investigation
New York Times
The Chinese Communist Party said on Monday that Sun Zhengcai, a high-flying politician who had been seen as a potential future premier, was under investigation over suspected “grave violations of discipline,” ending his career and raising the stakes...
Conversation
07.20.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/wrench-sm.jpg?itok=h2vMk8fb)
Should the U.S. Play Hardball with China on Trade?
Last week, United States President Donald Trump suggested that he is considering leveraging tariffs on Chinese steel imports. Trump’s aggressive posture has left diplomatic experts uneasy amid an already divided U.S. diplomatic house in Beijing, and...
ChinaFile Recommends
07.20.17U.S.-China Economic Dialogue Ends in a Tiff
Nikkei Asian Review
Negotiators involved in the first U.S.-China Comprehensive Economic Dialogue here on Wednesday failed to produce concrete results. The U.S. later issued a statement saying China acknowledged a shared objective to reduce the U.S.’s bilateral trade...
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07.20.17Chinese Billionaire Battles Talk of Trouble at Real Estate Empire
CNN
Last week Dalian Wanda sold several theme parks and dozens of hotels for $9.3 billion, marking the end of Wang Jianlin’s dream to defeat Disney (DIS) in China. The billionaire said the deal would reduce his company’s debt burden. It followed several...
ChinaFile Recommends
07.20.17CPEC: The Growing Resentment and Resistance among Poor Pakistanis Can Cost China Dearly
Quartz
In Pakistan, there’s no topic hotter than the China-Pakistan Economic Corridor (CPEC), a multi-billion dollar bilateral development project that will officials promised in 2015, “usher in an era of unprecedented progress and prosperity.”
Sinica Podcast
07.19.17![](https://www.chinafile.com/sites/default/files/styles/system/public/assets/images/article/system/guo_wengui_video2-sm.jpg?itok=PFA7EYmW)
Guo Wengui: The Extraordinary Tale of a Chinese Billionaire Turned Dissident
The life and times of Chinese billionaire Guo Wengui reads much like an epic play, so it is fitting that we have included with this podcast a dramatis personæ to explain the many characters in Guo’s story. Scroll to the bottom, below the...
ChinaFile Recommends
07.19.17Chinese Labor Activist Targeted over ‘Ivanka Trump Supplier Probe’
South China Morning Post
Hua Haifeng believes police arrested him and took a special interest in his work after he began investigating factories supplying Trump’s clothing brand
ChinaFile Recommends
07.18.17China Is Increasingly Becoming Key For Israel’s High-Tech Industry
CNBC
Israel has laid out the welcoming mat to Chinese companies and investors who may face more troublesome regulations and scrutiny elsewhere.
ChinaFile Recommends
07.17.17China to Keep Monitoring ‘Irrational’ Overseas Investments
Reuters
Chinese authorities will continue to monitor the trend of "irrational" overseas investments in the real estate, hospitality and film industries.