China Surprises With 7% Growth in Second Quarter

Mark Magnier
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. 

China's Pollution Quagmire

Jeff McMahon
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

Tim Franco & David M. Barreda
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

Arthur R. Kroeber
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...

Angolans Resentful as China Tightens its Grip

Herculano Coroado and Joe Brock
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.

Oil Prices Rise on China Recovery and Iran Deadlock

Nicole Friedman and Matthew Cowley
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.

China's Richest Lost $195 bn In One Month

Liyan Chen
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.

Why Worry About China?

Alen Mattich
Wall Street Journal
The Chinese government has stepped in to the market, the police are involved, and short selling is under fire. 

China’s Web Users Find NYSE Shutdown Hilarious

Bethany Allen-Ebrahimian
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.

Why Russia’s Turn to China is a Mirage

Björn Düben
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.

China's Stock Market Crash, Explained

Timothy B. Lee
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.

China Takes More Steps to Stop ‘Irrational’ Selling'

Grace Zhu
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.

Iron Ore Plunges 10pc Amid Extended China Market Route

Jasmine Ng
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.

China Stock Slump Spreads as Alibaba to JD.com Whipsaw Investors

Elena Popina and Aleksandra Gjorgievska
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.

Why is China's Stock Market Crashing?

Bo Zhiyue
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

Lyle J. Goldstein
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}

As China’s Market Tanks, What Becomes of the Companies Hoping to List?

JURO OSAWA and WEI GU
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.

Chinese Investors Who Borrowed Are Hit Hard by Market Turn

DAVID BARBOZA
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.

China Stocks Fall in Defiance of Beijing’s Support Efforts

Patrick McGee, Josh Noble and Gabriel...
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. 

China Stocks Rise as Beijing’s Emergency Moves Brings Some Relief

Samuel Shen and Pete Sweeney
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?

Yukon Huang, Ira Kalish & more
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...

Why are China’s Stock Markets so Volatile?

Josh Noble
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.

China: 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.

Foreign Films Rise Again at China’s Box Office

Laurie Burkitt
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.

China's Military Must Help Xinjiang Modernize

Reuters
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

Why it is Better to Stay Out of China A-shares

John Authers
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.

China Parliament Ratifies BRICS Bank Agreement

Ben Blanchard
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.

Beijing Works to Calm Tumbling Stock Market

Gabriel Wildau and Josh Noble
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.

The Chinese Ride-Hailing Startup That’s Out-Ubering Uber

Davey Alba
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.

Chinese Stocks Fall Into a Bear Market

Keith Bradsher
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?’

Bethany Allen-Ebrahimian
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...

China's Alibaba to Remove Listings with Confederate Flag Imagery

John Ruwitch and Jane Lanhee Lee
Reuters
Alibaba pledged to pull down links to products with Confederate flag imagery in the wake of the shooting in South Carolina.

China Reveals Misuse of $2.7 Billion in Lottery Funds

Sui-Lee Wee
Reuters
China uncovered the misappropriation of $2.72 billion from its state lottery program, used to buy and build office buildings and hotels.

China Invests in the World

Shannon Tiezzi
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.

China 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.

South Africa Tourism in Crisis as Chinese Reject New Visa Regulations

Eric Olander, Cobus van Staden, David...
The number of Chinese visitors to South Africa has dropped 32 percent after new visa regulations make travel difficult.

With Beijing’s Voting Plan Dead, Hong Kong Looks Ahead

Michael Forsythe
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.

China Aims to Move Beijing Government Out of City’s Crowded Core

Ian Johnson
New York Times
Officials finalize plans to move Beijing’s municipal government, including tens of thousands of civil servants to Tongzhou.

A Partnership with China to Avoid World War

George Soros 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...

China's Alibaba Pictures Investing in Paramount's 'Mission: Impossible-Rogue Nation'

Abid Rahman, Georg Szalai
Hollywood Reporter
Alibaba Pictures says 'Mission: Impossible 5' will be its first Hollywood investment.

Alibaba is Selling US E-Commerce Site 11 Main Just a Year After it Opened

Josh Horwitz
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...

China’s Controversial Technology Partnership with South Africa

Eric Olander & Cobus van Staden
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...

Chinese 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.

China will welcome only anti-independence candidate for Taiwan president

Ben Blanchard
Reuters
For upcoming Taiwan presidential election, China will only accept anti-independence candidates.

Electing 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

06.17.15

Is 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...

China’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.

Investors Flee China Funds in Historic Rush

Alanna Petroff
CNN
Chinese funds just experienced the biggest exodus of money ever.

China’s Troubling Robot Revolution

Martin Ford
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

Eric Fish
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}

The $6.5 Trillion China Rally That’s Making Stock-Market History

Kyoungwha Kim
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.

Uber Spends Heavily to Establish Itself in China

Paul Mozur and Mike Isaac
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.

Americans 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.

Alibaba’s Jack Ma Visiting U.S. to Lure Businesses Into China

Spencer Soper
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

Fergus Green and Nicholas Stern
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,...

Feeling Valued

Economist
The IMF changes its tune on China’s currency.

Media

06.02.15

Chinese Netizens to Fiorina: You’re Right, We Don’t Innovate

David Wertime
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...

Made in Chindia: Giants Take Different Manufacturing Paths

Clement Tan
Bloomberg
Made in Chindia: Giants take different manufacturing paths http://www.livemint.com/Politics/5dpo7KGpdaYBigaTctF8BJ/Made-in-Chindia-Giants-take-different-manufacturing-paths.html