Conversation

05.09.14

The China-Vietnam Standoff: How Will It End?

Daniel Kliman, Ely Ratner & more
Daniel Kliman:Five thousand miles from Ukraine, off the coast of Vietnam, China is taking a page from Russian leader Vladimir Putin’s playbook. Beijing’s recent placement of a huge oil drilling rig in disputed waters in the South China Sea leverages...

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,...

The China Challenge

Ian Johnson from New York Review of Books
In 1890, an undistinguished U.S. Navy captain published a book that would influence generations of strategists. Alfred Thayer Mahan’s The Influence of Sea Power Upon History, 1660–1783 posited that great nations need potent, blue-water navies backed...

Conversation

05.07.14

How is China Doing in Africa?

Tendai Musakwa, Kathleen McLaughlin & more
On his current weeklong tour of Ethiopia, Nigeria, Angola, and Kenya, Premier Li Keqiang announced a new $12 billion aid package intended to address China’s “growing pains” in Africa. China is by turns lauded for bringing development to the...

Caixin Media

05.06.14

Growing Pains for a Megalopolis in Transition

Twenty years of on-and-off government discussions have yielded little progress toward the goal of coordinating urban and industrial development in a key Chinese megalopolis—the region encompassing the nation's capital Beijing, neighboring Hebei...

Media

05.06.14

Chinese to the World: Ignore Our GDP

The U.S.-based World Bank grabbed everybody’s attention by announcing that China was poised to displace the United States as the world’s largest economy based on purchasing power. But a survey of the Chinese web shows people at home aren’t buying it...

China's 'Ordinary' Billionaire Behind Grand Nicaragua Canal Plan

Mathew Miller
Reuters
Wang Jing, the businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, insistis he's not an agent of the Beijing government...

Why India Will Soon Outpace China

James Gruber
Forbes
India’s decentralized, often chaotic economic model has been seen as inferior to China’s authoritarian, top-down model. A reappraisal of that view may soon be in order.

China's Half-Year Report Card on Economic Reform: Slow, Safe and Steady

Kevin Yao and Tomasz Janowski
Reuters
Incremental steps promise to reach enough critical mass to sustain reform momentum and help the world's second-largest economy shift down fairly smoothly after decades of red-hot growth...

Infographics

05.02.14

The ‘Nongmin’ Breakdown

from Sohu
Who are China's rural migrant workers?A uniquely Chinese social identity, the category of “rural migrant worker” is a product of China’s urban/rural dichotomy. It refers to a class of citizens no longer employed in the agricultural sector who...

Conversation

04.30.14

Will China’s Economy Be #1 by Dec. 31? (And Does it Matter?)

William Adams, Damien Ma & more
On April 30, data released by the United Nations International Comparison Program showed China’s estimated 2011 purchasing power parity (PPP) exchange rate was twenty percent higher than was estimated in 2005. What does this mean? China's...

China’s Income Inequality Surpasses U.S., Posing Risk for President Xi Jinping,

Lorraine Woellert and Sharon Chen
Bloomberg
The income gap between the rich and poor in China has surpassed that of the U.S. and is among the widest in the world, a report showed, adding to the challenges for President Xi Jinping as growth slows.

Media

04.28.14

A Guide to Social Class in Modern China

Class is a sensitive word in China. Marxist-Leninist rhetoric like “class enemies,” “class conflict,” and “class struggle” are rarely seen in the country’s media these days, but since China began its market reforms in 1979, stratification has...

Bill Gates Urges China’s Wealthiest to Give to Charity...Again

Jonathan Kaiman
Guardian
Businessman makes plea in People's Daily for country to improve bad philanthropic record by investing in the poor...

Alibaba Works Magic for China's Taobao 'Treasure Hunters'

Callum MacLeod
USA Today
Alibaba's eBay-like marketplace Taobao allows budding entrepreneurs to set up and run an online store, for free. The site has steven million sellers offering hundreds of millions of items...

The Chinese Take Manhattan: Replace Russians as Top Apartment Buyers

Michelle Conlin and Maggie Lu Yueyang
Reuters
Many Chinese buyers are switching their interest away from markets like Shanghai, Hong Kong and Singapore amid fears that prices have soared to frothy levels in those cities.

Sinica Podcast

04.25.14

Trash Talk with Adam Minter

Jeremy Goldkorn & Adam Minter from Sinica Podcast
Anyone living in China doubtless has a sense of the unholy number of people who seem to be involved in the trash trade here, and who will ferret away everything from your cardboard boxes to plastic bottles faster than you can unpack them or consume...

America Should Step Back from the East China Sea Dispute

Wu Xinbo
New York Times
The Diaoyu Islands, which are of little real strategic or economic use, are hardly worth disrupting relations among the world’s three largest economies. It is time to put the issue back into a box.

Viewpoint

04.23.14

From Half the Sky to ‘Leftovers’

Mei Fong & Leta Hong Fincher
The three-plus decades since the inception of the ‘one child’ policy have resulted in a huge female shortage in China. The country is now seriously unbalanced, with 18 million more boys than girls. By 2020, there will be some 30 million surplus men...

Obama Faces Headwinds on Trans-Pacific Partnership in East Asia trip

Kristine Kwok
South China Morning Post
Negotiations with Japan on a 12-nation transpacific trade liberalisation deal are bogged down, while support for it is waning in Malaysia, which could pull out altogether under pressure from business concerns. Analysts say the negotiations...

China Gets First Bitcoin ATM, Skirting Bank Crackdown

Pete Sweeney
Reuters
Strong interest from Chinese speculators drove up global bitcoin prices last year to above $1,000, sparking a crackdown by the People's Bank of China. ...

Infographics

04.15.14

Hidden Taxes

from Sohu
It is tax day in the United States, when many citizens groan and grumble at the size of their refund (what refund?) or scratch their heads as they try to maximize deductions. Our partners at Sohu recently published an infographic, which we have...

Massive China Shoe Factory Strike Rolls on as Offer Falls Flat

John Ruwitch and Danny Kwok
Reuters
Chinese shoe factory workers shrugged off an offer of improved benefits, prolonging one of the largest strikes in recent years amid signs of increased labor activism as the economy slows.

Bitcoin’s Status in China Not So Black-and-White

Paul Vigna and Michael J. Casey
Wall Street Journal
The Chinese government has disseminated what amounts to a “confidential” policy governing the digital currency, which has led to uneven enforcement.

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.

Caixin Media

04.15.14

New Sichuan Petchem Plant on Shaky Ground

A controversial petrochemical project in the southwestern province of Sichuan quietly went into operation in March, but questions about the China National Petroleum Corp. (CNPC) facility continue to linger.The project is in Pengzhou, a city of 763,...

Sinica Podcast

04.14.14

Live at the Association for Asian Studies

Kaiser Kuo, Jeffrey Wasserstrom & more from Sinica Podcast
This week, Sinica presents a special live recording from the annual meeting of the Association for Asian Studies (AAS) which convened in Philadelphia, Pennsylvania. Regular listeners, please note that the audio quality here isn’t up to our usual...

China Property Collapse Has Begun

Gordon G. Chang
Forbes
Walmart will be closing its Zhaohui store in Hangzhou on April 23 as a part of its overall plan to dump marginal locations—about nine percent of the total—in China.

Environment

04.10.14

With Dietary Shift, China Facing Health Crisis

from chinadialogue
Tom Levitt: What are the dietary changes going on in China today?Barry Popkin: There are three or four big changes taking place. Firstly, people in China are purchasing more and more of their food from retailers, be they convenience stores, medium-...

The Princeling of Private Equity

Steven Aldred and Irene Jay Liu
Reuters
A firm co-founded by the grandson of China's former leader landed a sweet deal in a state-controlled sector of the economy.  Now, many in the industry are flocking to invest with Alvin Jiang...

Photo Gallery

04.09.14

Sunflower Protestors Open Up

Chien-min Chung
On March 18 some 200 Taiwanese, mostly college students, stormed the offices of Taiwan’s legislature, beginning a protest over a proposed trade agreement between the self-governed island and mainland China, which considers it a “renegade province.”...

Viewpoint

04.09.14

Why Taiwan’s Protestors Stuck It Out

John Tkacik
Some might say, “a half-million Taiwanese can’t be wrong.” That’s how many islanders descended upon their capital city, Taipei, on March 30 to shout their support for the several thousand students who have occupied the nation’s legislature for the...

Sinica Podcast

04.07.14

In Conversation with Timothy Garton Ash

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
This week on Sinica, Kaiser Kuo and Jeremy Goldkorn are pleased to host a conversation with Timothy Garton Ash, Professor of History at Oxford University and recent participant in the Capital M Literary Festival in Beijing. As one the world's...

Books

04.01.14

The Contest of the Century

Geoff Dyer
From the former Financial Times Beijing bureau chief, a balanced and far-seeing analysis of the emerging competition between China and the United States that will dominate twenty-first-century world affairs—an inside account of Beijing’s quest for influence and an explanation of how America can come out on top. The structure of global politics is shifting rapidly. After decades of rising, China has entered a new and critical phase where it seeks to turn its economic heft into global power. In this deeply informed book, Geoff Dyer makes a lucid and convincing argument that China and the United States are now embarking on a great power–style competition that will dominate the century. This contest will take place in every arena: from control of the seas, where China’s new navy is trying to ease the United States out of Asia and reassert its traditional leadership, to rewriting the rules of the global economy, with attempts to turn the renminbi into the predominant international currency, toppling the dominance of the U.S. dollar. And by investing billions to send its media groups overseas, Beijing hopes to shift the global debate about democracy and individual rights. Eyeing the high ground of international politics, China is taking the first steps in an ambitious global agenda. Yet Dyer explains how China will struggle to unseat the United States. China’s new ambitions are provoking intense anxiety, especially in Asia, while America’s global influence has deep roots. If Washington can adjust to a world in which it is no longer dominant but still immensely powerful, it can withstand China’s challenge. With keen insight based on a deep local knowledge—offering the reader visions of coastal Chinese beauty pageants and secret submarine bases, lockstep Beijing military parades and the neon media screens of Xinhua exported to New York City’s Times Square—The Contest of the Century is essential reading at a time of great uncertainty about America’s future, a road map for retaining a central role in the world.  —Knopf {chop}

Is the American Middle Class Losing Out to China and India?

Thomas B. Edsall
New York Times
CUNY professor Branko Milanovic says the middle class in China and India experienced 60 to 70 percent income growth from 1998 to 2008, while middle class growth stalled in the United States.

Reports

04.01.14

High Tech: The Next Wave of Chinese Investment in America

Thilo Hanemann and Daniel H. Rosen
Asia Society
In this report, we explore the advent of Chinese investment in U.S. high-tech sectors in order to provide an objective starting point for debate about this nascent trend. We use a unique dataset on Chinese FDI transactions in the United States to...

Conversation

03.26.14

The Bloomberg Fallout: Where Does Journalism in China Go from Here?

Chen Weihua, Dorinda Elliott & more
On Monday, March 24, a thirteen-year veteran of Bloomberg News, Ben Richardson, news editor at large for Asia, resigned. A few days earlier, company Chairman Peter Grauer said that the news and financial information services company founded in 1981...

Media

03.26.14

A Wrinkle to Those Hot Chinese Tech IPOs

Investors, ready your wallets. In the past week, Sina Weibo, China’s massive microblogging platform with 280 million users, and Alibaba, the operator of China’s largest online marketplace which generated $1.84 billion in revenue in the fourth...

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...

Books

03.19.14

Unbalanced

Stephen Roach
The Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship initially arose out of mutual benefits, in recent years it has taken on the trappings of an unstable codependence, with the two largest economies in the world losing their sense of self, increasing the risk of their turning on one another in a destructive fashion.In Unbalanced: The Codependency of America and China Stephen Roach lays bare the pitfalls of the current China-U.S. economic relationship. He highlights the conflicts at the center of current tensions, including disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, the recent dispute over cyberhacking, and more.A firsthand witness to the Asian financial crisis of the late 1990s, Roach likely knows more about the U.S.-China economic relationship than any other Westerner. Here he discusses:Why America saving too little and China saving too much creates mounting problems for bothHow China is planning to re-boot its economic growth model by moving from an external export-led model to one of internal consumerism with a new focus on service industriesHow America shows a disturbing lack of strategy, preferring a short-term reactive approach over a more coherent Chinese-style planning frameworkThe way out: what America could do to turn its own economic fate around and position itself for a healthy economic and political relationship with ChinaIn the wake of the 2008 crisis, both unbalanced economies face urgent and mutually beneficial rebalancings. Unbalanced concludes with a recipe for resolving the escalating tensions of codependence. Roach argues that the Next China offers much for the Next America—and vice versa.—Yale University Press{chop}

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. 

China’s Currency Suddenly Reverses Direction, Stuns World Markets

Michael Schuman
Time
Some speculate that the reversal is a prelude to currency reform, yet others think that China is purposely pushing the yuan down in value to give its exports a lift amid the nation’s decelerating growth.

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...

Viewpoint

03.06.14

Can America Win in a New Era of Competition with China?

Geoff Dyer
Beijing was in a state of heightened anxiety and had been for weeks. Each day in the run-up to the National Day parade, the security measures seemed to get a little bit tighter. Our apartment building had a distant view of Jianguomen, which is the...

Compliance Becomes Hotter Issue for U.S. Firms in China

Adam Jourdan
Reuters
U.S. companies in China placed greater focus on compliance last year after several high profile probes into corruption and high pricing, but rising costs and a skills shortage remained their main concerns.

Environment

03.05.14

Should China Follow in America’s Factory Farming Footsteps?

from chinadialogue
The scale of growth in China’s meat production over the past three decades is staggering. Today, one-third of the world’s meat is produced in the country and half of all pigs live there. While per capita consumption may still be below the U.S. and...

China’s National People’s Congress Annual Session

Kevin Yao, Koh Gui Qing, Judy Hua,...
Reuters
Premier Li Keqiang's prepared speech to be delivered at the start of the meeting, as well as highlights from reports from the Ministry of Finance and the National Development and Reform Commission. WORK REPORT FROM PREMIER LI KEQIANG ECONOMY...

Sinica Podcast

03.01.14

In Line Behind a Billion People

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
This week on Sinica, Kaiser and Jeremy are joined by Damien Ma, author of In Line Behind a Billion People, a new book for China-watchers looking at how China’s lack of affordable housing, its food and air pollution, and the country’s poor education...

Environment

02.26.14

South-North Water Transfer ‘Not Sustainable,’ Official Says

from chinadialogue
The $62 billion South-North Water Transfer Project would be rendered irrelevant if one-third of buildings in Beijing could collect more rainwater and recycle more wastewater, according to a Chinese ministerial official. The remarks made by Qiu...

Wall Street Girds for China Bribery Probe as IPOs Beckon

Cathy Chan And Keri Geiger
Bloomberg
Wall Street hiring in Asia is under increasing scrutiny after a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.

Nobel Winner’s Frank Advice to China’s Leadership

Jonathan Schlefer
New York Times
Nobel Prize-winning economist A. Michael Spence argues that the Chinese must move beyond low-wage exports and “generate a fair amount of demand domestically, or they’ll fail.”

The World’s Second Biggest Consumer

S.C.
Economist
Based on The Economist's calculations, China outpaced Japan as the world’s second-biggest consumer economy last year...

Caixin Media

02.18.14

Lee Hsien Loong on What Singapore Can—and Can’t—Teach China

As one of the Four Asian Tigers, Singapore is known for its strong economy and orderly society. The city-state, with its population of 5.3 million people, is listed by the World Bank as fourth in the world in terms of per capita income. As a...

Media

02.14.14

A Kapital Idea

Matthew Niederhauser & David M. Barreda
Matthew Neiderhauser is a photographer and artist whose work is influenced by his studies in anthropology. He lived in Beijing for six years and recently returned to the United States. His pictorial book Sound Kapital, published in 2009, documented...

China Trade Growth Defies Signs of Slowdown

Rachel Butt and Xin Zhou
Bloomberg
The surprise jump in China's January Export-Import growth defies signs that the world’s second-largest economy is slowing but fuels fears of a recurrence of fake shipments...

U.S. Targets Buyers of China-Bound Luxury Cars

Matthew Goldstein
Deal Book
A Florida businessman buys new cars that typically retail for $55,000 to $75,000 in the United States and resells them in China for as much as three times those prices.

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...

Conspiracy Theories Abound About China’s Gold Purchases

Tom Holland
South China Morning Post
Huge imports of gold have fueled speculation about the mainland’s intentions, including an alleged bid to launch a global monetary system.

How Does China Impact the Global Economy? (Video)

Bloomberg
Council on Foreign Relations Senior Fellow Elizabeth C. Economy discusses the Chinese economy, natural resources, the pollution problem, the fallacies of referring to the C.C.P. as a “totalitarian regime”, and more on Bloomberg Television’s “...