China ‘Investigating Canada Couple Over State Secrets’
on August 5, 2014
Chinese authorities are investigating a Canadian couple suspected of stealing state secrets about national defense and the military, state media say.
Chinese Regulators Search Daimler Offices
on August 5, 2014
The German automobile giant Daimler has become the latest multinational company to bear the brunt a Chinese regulatory investigation, confirming on Tuesday that officials from an agency that enforces antimonopoly and pricing rules had searched its offices in Shanghai.
Equal in Inequality?
How Does Piketty’s ‘Capital in the Twenty-First Century’ Apply to China?
on August 5, 2014
For the past several months, readers around the world have been buying, discussing, and even occasionally reading Capital in the Twenty-First Century, French economist Thomas Piketty’s magisterial analysis of the relationship between capitalist development and inequality in Western advanced capitalist countries. But does Piketty’s framework apply to China, whose transition to capitalism has also produced massive economic imbalances? Or does China’s much more truncated and radically different historical pathway to capitalism make for a very different pattern? Yes, and yes.
China’s Alibaba Pictures Confirms Zhang Qiang as CEO
on August 5, 2014
Zhang, whose appointment was unofficially announced by the media last month, makes the unusual switch from public sector to private. Since 2011 has been vice president of China Film Group, the state-owned enterprise that dominates film imports and distribution and which is also a major Chinese film producer and exhibitor.
China Will Ban All Coal Use In Beijing By 2020
on August 5, 2014
Beijing’s Municipal Environmental Protection Bureau posted the plan on its website Monday, saying the city would instead prioritize electricity and natural gas for heating.
Top One Percent Has One-Third of China’s Wealth
New Report Explains Why Inequality Has Not Led to Broad Resentment
on August 5, 2014
A recent academic report on wealth inequality in China shows that the top one percent of households holds one-third of total assets, while the bottom fourth holds only one percent.
The report, published by a research institute in Peking University, says the Gini coefficient, better known for its application in income distributions, shows that the gap in wealth between households in the country has considerably widened. The Gini coefficient has increased from 0.45 in 1995 to 0.73 in 2013.
Forget Samsung, Xiaomi is China’s New Smartphone King
on August 4, 2014
The upstart Chinese smartphone maker has knocked Samsung off its throne in China, shipping more units than its South Korea-based rival for the first time in the second quarter.</p
In Twist, China Stock Market is Haven Amid Storm
on August 4, 2014
When you think of safe-haven investments, Chinese stocks don’t normally come to mind. But shares listed in Shanghai have been soaring recently at a time when most stock markets around the globe have been sliding.
China Using Antimonopoly Law to Pressure Foreign Businesses
on August 4, 2014
China is using its six-year-old antimonopoly law to put foreign businesses under increasing pressure, a development that experts say will intensify as Beijing seeks greater sway over the prices paid by Chinese companies and consumers.
China Says Can Build What It Wants On South China Sea Isles
on August 4, 2014
China can build whatever it wants on its islands in the South China Sea, a senior Chinese official said on Monday, rejecting proposals ahead of a key regional meeting to freeze any activity that may raise tensions in disputed waters there.