ChinaFile Recommends
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.
ChinaFile Recommends
07.15.15China's Pollution Quagmire
Forbes
China’s efforts to reduce air pollution could be negated by its unregulated and unmonitored burning of petcoke, a fuel dirtier than coal, an expert on Chinese climate and energy policy said.
Caixin Media
07.14.15
Uber CEO Enjoying a Fast China Ride
Demand for cross-town transportation is at the heart of an urban lifestyle that is defining modern China. It is also giving the American car-hire service Uber Technologies Inc. an incredible ride.Few are enjoying the ride more than Uber CEO Travis...
Media
07.14.15
Megacity Chongqing Now
Earlier this month, photographer Tim Franco visited Asia Society to show his work from Chongqing, a city of more than 25 million where he has been reporting since 2009. Many of the images Franco showed appear in his latest book, Metamorpolis (...
Viewpoint
07.12.15
Making Sense of China’s Market Mess
Nearly two years ago China’s Communist Party released a major economic reform blueprint, whose signature phrase was that market forces would be given a “decisive role” in resource allocation. That Third Plenum Decision and other policy...
ChinaFile Recommends
07.09.15Angolans Resentful as China Tightens its Grip
Reuters
After oil prices fell, leaving a huge hole in Angola's finances, it became clear sub-Saharan Africa's third largest economy needed - and President Jose Eduardo dos Santos signed multi billion dollar loans with China.
ChinaFile Recommends
07.09.15Oil Prices Rise on China Recovery and Iran Deadlock
Wall Street Journal
Oil prices climb as Chinese stocks rebounded, easing concerns about China’s economic growth, and expectations of higher Iranian crude-oil exports receded.
ChinaFile Recommends
07.09.15China's Richest Lost $195 bn In One Month
Wall Street Journal
The country’s stock market has been a wild ride this year, especially for millions of rookie retail investors who rushed to open their accounts for the first time.
ChinaFile Recommends
07.09.15Why Worry About China?
Wall Street Journal
The Chinese government has stepped in to the market, the police are involved, and short selling is under fire.
ChinaFile Recommends
07.09.15China’s Web Users Find NYSE Shutdown Hilarious
Within 30 minutes of the NYSE shutdown, the word spread on the Chinese Internet, and jokes came pouring in on China’s Twitter-like microblogging platform Weibo.
ChinaFile Recommends
07.08.15Why Russia’s Turn to China is a Mirage
Reuters
Chinese companies provide Russian companies with technology which they cannot access due to sanctions, and Chinese banks are a source of loans for Russian businesses.
ChinaFile Recommends
07.08.15China's Stock Market Crash, Explained
Vox
Chinese stocks surged last year, but those gains didn't reflect broader economic gains. They were a result of more people investing in the stock market with borrowed funds.
ChinaFile Recommends
07.08.15China Takes More Steps to Stop ‘Irrational’ Selling'
Wall Street Journal
Chinese government agencies step up efforts to shore up China’s plunging stock markets that the securities regulator described as facing panic and irrational selling.
ChinaFile Recommends
07.08.15Iron Ore Plunges 10pc Amid Extended China Market Route
Australian Financial Review
Iron ore retreated to the lowest level in at least six years as a rout in China's stock markets threatened to hurt demand just as the biggest producers plan to raise output.
ChinaFile Recommends
07.08.15China Stock Slump Spreads as Alibaba to JD.com Whipsaw Investors
Bloomberg
U.S.-traded Chinese stocks tumbled at least four years before rebounding in late trading as the rout that’s wiped $3.2 trillion from the value of mainland equities spreads.
ChinaFile Recommends
07.08.15Why is China's Stock Market Crashing?
Diplomat
The volatility of the stock markets has become a political issue but political intervention has not been effective. It is likely that Chinese leaders will find ways to boost the confidence in the Chinese stock markets which could backfire.
Books
07.07.15
Meeting China Halfway
Though a U.S.–China conflict is far from inevitable, major tensions are building in the Asia-Pacific region. These strains are the result of historical enmity, cultural divergence, and deep ideological estrangement, not to mention apprehensions fueled by geopolitical competition and the closely related "security dilemma." Despite worrying signs of intensifying rivalry between Washington and Beijing, few observers have provided concrete paradigms to lead this troubled relationship away from disaster. Meeting China Halfway: How to Defuse the Emerging US-China Rivalry is dramatically different from any other book about U.S.-China relations. Lyle J. Goldstein's explicit focus in almost every chapter is on laying bare both U.S. and Chinese perceptions of where their interests clash and proposing new paths to ease bilateral tensions through compromise. Each chapter contains a “cooperation spiral”―the opposite of an escalation spiral―to illustrate the policy proposals. Goldstein not only parses findings from the latest American scholarship but also breaks new ground by analyzing hundreds of Chinese-language sources, including military publications, never before evaluated by Western experts. Goldstein makes one hundred policy proposals over the course of this book, not because these are the only solutions to arresting the alarming course toward conflict, but rather to inaugurate a genuine debate regarding cooperative policy solutions to the most vexing problems in U.S.-China relations. ―Georgetown University Press {chop}
ChinaFile Recommends
07.07.15As China’s Market Tanks, What Becomes of the Companies Hoping to List?
Wall Street Journal
As the market soared in China, nearly 20 Chinese companies whose shares trade in New York got bids to go private in management buyouts.
ChinaFile Recommends
07.07.15Chinese Investors Who Borrowed Are Hit Hard by Market Turn
New York Times
Millions of ordinary investors like Mr. Gong, who piled into an ever-soaring Chinese stock market over the last year, are bracing for a roller-coaster ride.
ChinaFile Recommends
07.07.15China Stocks Fall in Defiance of Beijing’s Support Efforts
Financial Times
Another 173 firms listed in Shanghai and Shenzhen announced trading suspensions after the market closed on Tuesday, bringing the total to around 940.
ChinaFile Recommends
07.06.15China Stocks Rise as Beijing’s Emergency Moves Brings Some Relief
Reuters
Support measures unleashed by Beijing brought some relief to a market after headlong slide over three weeks.
Conversation
07.02.15
How Much Does the Chinese Market Matter to the World?
China’s main market, reflected in the Shanghai Composite Index, has fallen 24 percent since June 12, losing $2.4 trillion in value. While many analysts are focused on the financial crisis in Greece, some are beginning to wonder if China's woes...
ChinaFile Recommends
07.02.15Why are China’s Stock Markets so Volatile?
Financial Times
Home to the world’s largest equity markets after the US, China is still extremely volatile with benchmark indices often swinging as much as 10 per cent in a matter of hours.
ChinaFile Recommends
07.02.15China: The Indian Ocean can’t be India’s backyard
Business Insider
Chinese military officials warn that the Indian Ocean is not India's "backyard" and may result in clashes.
ChinaFile Recommends
07.02.15Foreign Films Rise Again at China’s Box Office
Wall Street Journal
China’s movie market is booming, with $3.3 billion worth of ticket sales in the first half of the year, up nearly 50% from the same period in 2014.
ChinaFile Recommends
07.01.15China's Military Must Help Xinjiang Modernize
Guardian
China’ wants to bring “modern civilisation” to the southern areas of Xinjiang, where Muslim ethnic Uighurs are in a majority, and help develop its economy
ChinaFile Recommends
07.01.15Why it is Better to Stay Out of China A-shares
Financial Times
Where did the argument for China A-shares go? In the last two weeks the case for the booming stock market of mainland China has turned at least two somersaults.
ChinaFile Recommends
07.01.15China Parliament Ratifies BRICS Bank Agreement
Reuters
China ratifies an agreement with the world's largest emerging nations to create a new development bank, alternative to western institutions such as the World Bank.
ChinaFile Recommends
07.01.15Beijing Works to Calm Tumbling Stock Market
Financial Times
Beijing will do whatever it takes to avert a collapse in the stock market; authorities have already taken steps to boost sentiment and liquidity, including an interest rate cut.
ChinaFile Recommends
07.01.15The Chinese Ride-Hailing Startup That’s Out-Ubering Uber
Wired
Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country--or, Uber appears to be trying to unseat the homegrown favorite.
ChinaFile Recommends
07.01.15Chinese Stocks Fall Into a Bear Market
New York Times
China’s central bank cuts interest rates and fails to stem the route in Chinese share prices; the Shanghai and Shenzhen stock markets closes with steep losses.
Media
06.26.15
‘Why Do Chinese Lack Creativity?’
On June 19, the University of Washington and elite Tsinghua University in Beijing announced a new, richly funded cooperative program to be based in Seattle and focused on a topic that has become a sore point in China: innovation. Republican...
ChinaFile Recommends
06.25.15China's Alibaba to Remove Listings with Confederate Flag Imagery
Reuters
Alibaba pledged to pull down links to products with Confederate flag imagery in the wake of the shooting in South Carolina.
ChinaFile Recommends
06.25.15China Reveals Misuse of $2.7 Billion in Lottery Funds
Reuters
China uncovered the misappropriation of $2.72 billion from its state lottery program, used to buy and build office buildings and hotels.
ChinaFile Recommends
06.25.15China Invests in the World
Diplomat
China’s outward foreign direct investment for the first five months of 2015 is up 50 percent from the same period in 2014, says Chinese Ministry of Commerce.
ChinaFile Recommends
06.25.15China to Boost Textile Industry in Xinjiang
Shanghai Daily
China's cabinet issued a guideline on Thursday to bolster the textile and garment industry in the western Xinjiang region in the hope of increasing local employment and exports.
ChinaFile Recommends
06.25.15South Africa Tourism in Crisis as Chinese Reject New Visa Regulations
The number of Chinese visitors to South Africa has dropped 32 percent after new visa regulations make travel difficult.
ChinaFile Recommends
06.25.15With Beijing’s Voting Plan Dead, Hong Kong Looks Ahead
New York Times
The rejection of a Beijing-backed plan to let the public elect Hong Kong’s top officials begs the question of what happens next.
ChinaFile Recommends
06.25.15China Aims to Move Beijing Government Out of City’s Crowded Core
New York Times
Officials finalize plans to move Beijing’s municipal government, including tens of thousands of civil servants to Tongzhou.
The NYRB China Archive
06.25.15
A Partnership with China to Avoid World War
from New York Review of Books
International cooperation is in decline both in the political and financial spheres. The U.N. has failed to address any of the major conflicts since the end of the cold war; the 2009 Copenhagen Climate Change Conference left a sour aftertaste; the...
ChinaFile Recommends
06.24.15China's Alibaba Pictures Investing in Paramount's 'Mission: Impossible-Rogue Nation'
Hollywood Reporter
Alibaba Pictures says 'Mission: Impossible 5' will be its first Hollywood investment.
ChinaFile Recommends
06.23.15Alibaba is Selling US E-Commerce Site 11 Main Just a Year After it Opened
Quartz
Alibaba’s been more tentative in the U.S. than it has in China, because it is a latecomer in a mature market.
Caixin Media
06.22.15
Why Fukuyama Still Beats a Drum for Democracy
American author and political scientist Francis Fukuyama has long extolled the virtues of democracy against the backdrop of the Soviet Union’s collapse and the end of the Cold War.Fukuyama’s best-selling book The End of History and the Last Man...
The China Africa Project
06.19.15China’s Controversial Technology Partnership with South Africa
The Chinese and South Africa governments have signed a pact, or a “plan of action,” where Beijing will provide a broad array of technology training, skills transfer, and ICT (information and communications technology) development for South Africa’s...
ChinaFile Recommends
06.19.15Chinese Stocks Drop 10% From Peak
Bloomberg
China’s benchmark stock index tumbled from this year’s peak amid growing concern that the country’s longest-ever bull market has propelled valuations to unsustainable levels.
ChinaFile Recommends
06.18.15China will welcome only anti-independence candidate for Taiwan president
Reuters
For upcoming Taiwan presidential election, China will only accept anti-independence candidates.
ChinaFile Recommends
06.18.15Electing the Chief Executive: Hong Kong’s Political Reform Voted Down
South China Morning Post
Hong Kong's 2017 Chief Executive election proposal promises "one man, one vote."
Caixin Media
06.17.15Is China Knocking on Deflation’s Door?
China’s last war against deflation was waged in 1998, the year the nation’s consumer price index and producer price index suddenly plunged in tandem.The central government responded by launching economic and administrative reforms, hastening steps...
ChinaFile Recommends
06.15.15China’s Unsettling Stock Market Boom
New York Times
After a peak in October 2007, prices fell about 70 percent over 12 months. This time, the risks are bigger and broader.
ChinaFile Recommends
06.12.15Investors Flee China Funds in Historic Rush
CNN
Chinese funds just experienced the biggest exodus of money ever.
ChinaFile Recommends
06.10.15China’s Troubling Robot Revolution
New York Times
China may face a staggering challenge as it attempts to adapt to the realities of a new age.
Books
06.10.15
China’s Millennials
In 1989, students marched on Tiananmen Square demanding democratic reform. The Communist Party responded with a massacre, but it was jolted into restructuring the economy and overhauling the education of its young citizens. A generation later, Chinese youth are a world apart from those who converged at Tiananmen. Brought up with lofty expectations, they’ve been accustomed to unprecedented opportunities on the back of China’s economic boom. But today, China’s growth is slowing and its demographics rapidly shifting, with the boom years giving way to a painful hangover.Immersed in this transition, Eric Fish, a millennial himself, profiles youth from around the country and how they are navigating the education system, the workplace, divisive social issues, and a resurgence in activism. Based on interviews with scholars, journalists, and hundreds of young Chinese, his engrossing book challenges the idea that today’s youth have been pacified by material comforts and nationalism. Following rural Henan students struggling to get into college, a computer prodigy who sparked a nationwide patriotic uproar, and young social activists grappling with authorities, Fish deftly captures youthful struggle, disillusionment, and rebellion in a system that is scrambling to keep them in line—and, increasingly, scrambling to adapt when its youth refuse to conform.—Rowman & Littlefield{chop}
ChinaFile Recommends
06.09.15The $6.5 Trillion China Rally That’s Making Stock-Market History
Bloomberg
The sum is the value created in just 12 months of trading on Chinese stock exchanges, a rally some say has gone too far.
ChinaFile Recommends
06.09.15Uber Spends Heavily to Establish Itself in China
New York Times
Fat with almost $6 billion in venture capital, San Francisco-based Uber is doling out bonuses up to three times its fares.
ChinaFile Recommends
06.08.15Americans Buy a Fifth of China’s Exports
Bloomberg
Americans bought almost $1 out of every $5 worth of goods that China exported in May, the highest share since August 2010.
ChinaFile Recommends
06.08.15Alibaba’s Jack Ma Visiting U.S. to Lure Businesses Into China
Bloomberg
Ma is looking for revenue beyond China, where the nation’s economy is projected to grow at its slowest pace since 1990.
Reports
06.08.15
China’s “New Normal”: Structural Change, Better Growth, and Peak Emissions
American Enterprise Institute for Public Policy Research
China has grown rapidly—often at double-digit rates—for more than three decades by following a strategy of high investment, strong export orientation, and energy-intensive manufacturing. While this growth lifted hundreds of millions out of poverty,...
ChinaFile Recommends
06.05.15Media
06.02.15
Chinese Netizens to Fiorina: You’re Right, We Don’t Innovate
Carly Fiorina, the former CEO of Hewlett-Packard and a declared Republican candidate for U.S. president, evidently has strong opinions about the capacities of Chinese people. “Yeah, the Chinese can take a test,” Fiorina told an Iowa-based video blog...
ChinaFile Recommends
06.01.15Made in Chindia: Giants Take Different Manufacturing Paths
Bloomberg
Made in Chindia: Giants take different manufacturing paths http://www.livemint.com/Politics/5dpo7KGpdaYBigaTctF8BJ/Made-in-Chindia-Giants-take-different-manufacturing-paths.html