China Is Creating a New Economic World Order Right Under the West’s Nose

Pepe Escobar
Nation
From new “silk roads” to 40,000 miles of high-speed rail, China is poised to dominate the 21st century global economy.

Spooked by Yuan Drop: China’s Top 1%

Andrew Browne
Wall Street Journal
Fears the megarich will take flight puts a floor under the currency’s slide against dollar.

Is India’s Economy Really Growing Faster Than China?

Raymond Zhong
Wall Street Journal
At 7.5%, India’s revised growth estimate for the fourth quarter of last year beat China’s 7.3%.

Soft Recruits Hinder China’s Military Modernization

Jane Perlez
New York Times
Many of China's army conscripts have been raised as spoiled children of the one-child policy and need toughening up, a RAND report says. 

China’s Mystery Transportation Infrastructure Deal with the African Union

Eric Olander, Cobus van Staden & more
It’s not really news anymore when China announces yet another massive infrastructure construction deal in Africa. Typically these deals are done at the national level, so when Beijing and the African Union signed a major transport infrastructure MOU...

Books

02.10.15

The People’s Republic of Chemicals

William J. Kelly and Chip Jacobs
Maverick environmental writers William J. Kelly and Chip Jacobs follow up their acclaimed Smogtown with a provocative examination of China’s ecological calamity already imperiling a warming planet. Toxic smog most people figured was obsolete needlessly kills as many as died in the 9/11 attacks every day, while sometimes Grand Canyon-sized drifts of industrial particles aloft on the winds rain down ozone and waterway-poisoning mercury in America.In vivid, gonzo prose blending first-person reportage with exhaustive research and a sense of karma, Kelly and Jacobs describe China’s ancient love affair with coal, Bill Clinton’s blunders cutting free-trade deals enabling the U.S. to "export" manufacturing emissions to Asia in a shift that pilloried the West's middle class, Communist Party manipulation of eco-statistics, the horror of cancer villages, the deception of the 2008 Beijing Olympics, and spellbinding peasant revolts against cancer-spreading plants involving thousands in mostly-censored melées. Ending with China’s monumental coal-bases decried by climatologists as a global warming dagger, The People's Republic of Chemicals names names and emphasizes humanity over bloodless statistics in a classic sure to ruffle feathers as an indictment of money as the real green that not even Al Gore can deny.   —Rare Bird Books, A Vireo Book  {chop}

In China, Heavy Industry Unexpectedly Falls Sharply

Keith Bradsher
New York Times
The full scope of China’s economic weakness is obscured by limited data, as the country prepares for a weeklong holiday beginning Feb. 18.

A Chinese Perspective on the BRICS in 2015

Niu Haibin
Council on Foreign Relations
The BRICS group is not only an economic concept but increasingly it is also taking the form of a political entity.

Trade Groups Urge U.S. to Push Against Chinese Regulations

Paul Mozur
New York Times
New policies that could hamper the ability of major technology multinationals to do business in China.

China Labor Strife Rises; Death of a Foreman

Chun Han Wong
Wall Street Journal
As the Lunar New Year homeward migration approaches, workers press for back-wages.

Media

02.05.15

Why Chinese Promote Confining New Mothers for a Month

Rachel Lu
HONG KONG—Giving birth is never easy, but for new Chinese mothers the month following a baby’s arrival is particularly fraught. Immediately after I became pregnant for the first time, I started to hear about zuoyuezi, or “sitting the month.” It’s a...

Is China Preparing for Currency War?

William Pesek
Bloomberg
As China grapples with its slowest growth in 24 years, President Xi Jinping is under pressure to stimulate the economy.

Infographics

02.03.15

Wealthy Chinese Are Fleeing the Country Like Mad

from Sohu
Last year, Chinese millionaires maxed out the quota for EB-5 visas under the U.S.’s Immigrant Investor Program, and recently it was reported that 90% of Australia’s Significant Investor visas were given to Chinese nationals. All over the world,...

Sinica Podcast

02.02.15

Shanghai and the Future Now

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Expats in Beijing may be partial to our rugged smogtropolis, but even the most diehard northerner will admit that Shanghai is the more romantic of the two cities, with its very name conjuring up images of 19th century opium dens, jazz bars in the...

China and the World: Yuan for All

Economist
The yuan is not yet fully convertible and will not be for several years, which limits China's influence.

China Expels Top Police Official from Communist Party

Reuters
Cai Guangliao, a major general in the paramilitary armed police, accepted bribes, illegally engaging in business activities and accepting gifts.

Excerpts

01.28.15

The View from Wasteland

Michael Meyer
In winter the land is frozen and still. A cloudless sky shines off snow-covered rice paddies, reflecting light so bright, you have to shield your eyes. I lean into a stinging wind and trudge north up Red Flag Road, to a village named Wasteland.The...

Caixin Media

01.27.15

China Boots Up an Internet Banking Industry

Premier Li Keqiang recently launched a new era for banking in China by ceremonially pressing the "confirm" button for a 35,000 yuan loan issued to a Shenzhen truck driver.Li's gesture on January 4 on behalf of Shenzhen Qianhai WeBank...

Xi Stresses Adherence to Dialectical Materialism

Xinhua
China should not be judged by GDP alone, said the president. China should be judged by its transition in economic development, restructuring, dissolution of overcapacity and by the strength of the nation's commitment to an ecological society...

Conversation

01.26.15

Does Size Matter? (In the U.S. and Chinese Economies, That Is...)

Taisu Zhang
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...

Sinica Podcast

01.26.15

Inside the Property Revolution

Jeremy Goldkorn & Luigi Tomba from Sinica Podcast
Luigi Tomba, expert on municipal government in China, fellow at the Australian Centre on China and the World, and author of the book The Government Next Door: Neighborhood Politics in Urban China, is this week's Sinica Podcast guest. Since 2005...

Death Threats and Dawn Raids: Welcome to China’s Anti-Graft Drive

Shai Oster
Bloomberg
On one side is Peking University Founder Group, a state-owned company that partnered with Credit Suisse Group AG (CSGN) in a separate securities joint venture whose chairman has disappeared.

Who’s Afraid of China’s Economy Slowing? Not Alibaba’s Jack Ma

Nadia Damouni
Reuters
"If China still keeps 9 percent growth of the economy there must be something wrong. You will never see the blue sky. You will never see quality. China should pay attention to the quality of the economy," he said in a question-and-answer...

China’s Wanda Cinema Stock Surges in Market Debut

Clifford Coonan
Hollywood Reporter
Wanda has earmarked $200 million of the proceeds from the IPO to expand its exhibition network to 260 theaters and 2,300 screens by the end of next year.

Obama’s Top Asia Adviser: Goal is for Complete Trade Pact in 2015

David Brunnstrom
Reuters
Evan Medeiros, senior director for Asia at the U.S. National Security Council, asked about the Trans-Pacific Partnership, said: "We are confident we can and we will get it done."

Xi’s Yunnan Visit Highlights Poverty Elimination, Ethnic Solidarity

Xinhua
Xinhua
President Xi Jinping seeks to rally support for a "tough battle" against poverty and to speed up growth in the country's relatively underdeveloped ethnic regions.

Don’t Worry About China Slowdown, Premier Li Tells Davos

Bonnie Cao, Zijing Wu, and Xin Zhou
Bloomberg
China will avoid a hard landing and is focused on ensuring long-term medium-to-fast growth, Premier Li Keqiang told global leaders in Davos.

Media

01.22.15

Xi Jinping’s Pay Raise

Alexa Olesen
It just got slightly less difficult to be a clean Chinese official. State media reported on January 20 that Chinese civil servants had received their first pay raise in ten years, a move that includes a 60 percent bump for President Xi Jinping and...

The South China Sea: Oil on Troubled Waters

The Economist
Economist
Two Chinese oil companies show contrasting approaches in their attempts to operate in the South China Sea where, to the discomfort of its smaller neighbours, China’s claims in disputed waters have grown increasingly assertive.

The Trans-Pacific Partnership Can Help the U.S. Counter China’s Expansion

The Washington Post Editorial Board
Washington Post
We’ve faulted President Obama for his less-than-full-throated support of free-trade agreements that enjoy the nominal backing of his administration. There was no such cause for complaint about his State of the Union address Tuesday night, however,...

China Labor Activists Say Facing Unprecedented Intimidation

Alexandrea Hearney
Reuters
The number of strikes more than doubled in 2014 to 1,378 from 656 the year before, according to China Labor Bulletin, a Hong Kong-based advocacy group. April saw the biggest strike in decades, when about 40,000 employees of Adidas and Nike supplier...

Why Paul Krugman is Scared of China

Sophia Yan
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."

China’s Scramble for Africa

Richard Javad Heydarian
Al Jazeera
In a remarkable departure from its long history of low-profile foreign policy, especially since Deng Xiaoping took over China's leadership in the late 1970s, Beijing has recently committed up to 700 combat troops to South Sudan in the hopes of...

Caixin Media

01.20.15

Good Times Are Over for Local Governments

Two pieces of recent news have piqued the public's interest. First, local governments reported their latest debt figures to the Ministry of Finance. The numbers have not been made public, but sources say many officials reported large amounts in...

As Growth Slows, China Pins Hopes on Consumer Spending

Alexandra Stevenson
New York Times
The economy increased by 7.3 percent in the last quarter of 2014 and 7.4 percent for the full year, the country’s National Bureau of Statistics said Tuesday. While many countries would welcome such growth, the rate fell short of the government’s...

5 Takeaways from China’s GDP

Richard Silk
Wall Street Journal
For much of the last two decades, China has been working overtime to drive the growth of the world economy. Now, it’s slowing to suborbital speeds.

The Dragon and the Gringo

The Economist
Economist
Time was when cash-strapped Latin American governments would turn to the IMF for the bitter medicine of its bail-outs. No longer. Over the past dozen years the supercycle of rising commodity prices has swelled the region’s coffers, while even the...

Environment

01.16.15

Can the Potato Help Feed China, Cut Pollution, and Alleviate Drought?

from chinadialogue
The Ministry of Agriculture’s move to make potatoes an increasingly important staple in Chinese kitchens, including the propagation of recipes that rely on the humble tuber, at first glance might appear slightly odd and surprising.The potato has...

Environment

01.15.15

China-Latin America Summit ‘A Missed Opportunity’ on Low-Carbon Energy

The first major meeting of Chinese and Latin American leaders agreed closer cooperation on trade, investment, and industry, but is more likely to usher in deals on oil and gas rather than renewable energy, analysts said in response to a summit that...

Hong Kong’s Leader Says Concessions to Protesters Could Lead to Anarchy

Chris Buckley
New York Times
Leung Chun-ying, the chief executive of Hong Kong, offered the proposals in his first major policy package since the street demonstrations ended last month. Since Mr. Leung came to office in 2012, he has repeatedly vowed to redress the city’s...

Caixin Media

01.12.15

China Turning Gray Over Pension Reform Stress

About 8,000 teachers in the northeastern city of Zhaodong stayed home for three days in November to protest an experimental pension scheme they called tantamount to a pay cut.The teachers claimed they'd been illegally forced to participate in...

The Abject Misery of Flying in China

Atlantic
On Friday, irate passengers forced open the emergency door of their airplane as it sat on a snowy runway. That was only the latest sign of trouble in Chinese air travel.

In China, Projects to Make Great Wall Feel Small

David Barboza
New York Times
The plan here seems far-fetched—a $36 billion tunnel that would run twice the length of the one under the English Channel, and bore deep into one of Asia’s active earthquake zones. When completed, it would be the world’s longest underwater tunnel,...

From ‘Made in China’ to ‘Made in Africa’

Eric Olander & Cobus van Staden
A growing number of Chinese companies are looking to outsource production overseas in a bid to lower costs and meet Beijing’s increasingly stringent environmental laws. Ethiopia and South Africa are among the beneficiaries of this new trend as...

Sri Lankan Poll Upset a Blow to China’s Indian Ocean Plans

Natalie Obiko Pearson
Bloomberg
Mahinda Rajapaksa, who tightened ties with China during his decade-long rule, conceded defeat today in Sri Lanka’s closely-fought presidential election. His successor Maithripala Sirisena used his campaign to criticize the island nation’s increasing...

Caixin Media

01.09.15

Baby Hatch Programs Struggle to Cope With Number of Infants With Birth Defects

Giving birth to her first baby granted Zheng Yuling no happiness, but instead brought pain and sadness. The seriously ill girl died hours after birth, and Zheng's husband, Chen Dafu, was arrested on suspicion he abandoned the newborn.Their baby...

Infographics

01.09.15

Think Renting in Your City is Bad? Try Beijing

David M. Barreda from Sohu
Compared with the numbers of a few years ago, first and second tier cities in China have an oversupply of stock on the housing market. Additionally, restrictions on multiple-home purchases are easing and “expected to be eased completely,” according...

China Wants Taxes Paid by Citizens Living Afar

Keith Bradsher
New York Times
As Chinese individuals and companies head overseas in greater numbers, the country’s tax authorities are starting to follow.

China to Expand Unemployment Benefits to Lure Migrants to Cities

Megha Rajagopalan
Reuters
Chinese municipal governments must widen unemployment benefits to residents who are not registered locally, China said on Wednesday, as it dismantles hurdles to urbanization efforts by easing conditions for migrant workers.

China Wants Taxes Paid by Citizens Living Afar

Austin Ramzy
New York Times
The Beijing billionaires who set up cryptically named companies in the British Virgin Islands to hold their fortunes are in the cross hairs. So are the Guangdong salesmen living and working in Africa and Latin America. China’s tax officials are now...

China to Expand Unemployment Benefits to Lure Migrants to Cities

Megha Rajagopalan
Reuters
China's reform-minded leaders have shown greater tolerance for slower economic growth, viewing healthy employment levels as a top policy priority and an important condition for social stability.

China Cities Crack Down on Illegal Cabs Using Car-Hailing Apps

Bonnie Cao
Bloomberg
The Chinese capital will impose fines of as much as 20,000 yuan ($3,200) each on 41 unauthorized vehicles that offered rental services via the apps, CNR said Jan. 7.

Embattled Venezuela Says it Has Secured $20 Billion Lifeline from China

Jim Wyss
Miami Herald
The money is good news for a country that is being rattled by inflation of 64 percent, a contracting economy, shrinking foreign reserves and sporadic food shortages.Read more here: http://www.miamiherald.com/news/nation-world/world/americas/...

Reports

01.06.15

Rebalancing China’s Energy Strategy

Damien Ma
Paulson Institute
At a high-level meeting of China’s top finance and economics body in June 2014, President Xi Jinping called for a sweeping energy revolution in China, centered on five areas: demand, production, technology, institutional governance, and global...

Tencent Launches China’s First Online-only Bank

Gabriel Wildau
Financial Times
WeBank, a joint venture led by Chinese gaming and social network group Tencent Holdings, became the first private bank to start operations under a pilot, after the banking regulator granted licences to six such institutions last year. Its name comes...

Myanmar Returns to What Sells: Heroin

Thomas Fuller
New York Times
A decade ago, Myanmar seemed on course to wipe out the opium fields and heroin jungle labs along its eastern border, the notorious Golden Triangle.

Inside a Chinese Test-Prep Factory

Brook Larmer
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...

Other

12.30.14

A Look Back at 2014

It’s hard to believe, but ChinaFile is almost two years old. It’s been an exciting year for us, and, as ever, an eventful year for China. It was a year of muscular leadership from Xi Jinping, who has now been in office just over two years and who...