Conversation
12.02.22Jiang Zemin, 1926-2022
Former Chinese leader Jiang Zemin died on Wednesday at the age of 96, shortly after anger about the zero-COVID policy had boiled over into a wave of protest last weekend. Jiang took the country through the boom years of the 1990s, a time now...
Viewpoint
09.23.21‘China’s Search for a Modern Identity Has Entered a New and Perilous Phase’
In 1980, writing the last paragraph of the last chapter of Coming Alive: China After Mao, I declared that China was moving “from totalitarian tyranny to a system more humane, part of a struggle by this nation to free itself from a straitjacket woven...
Depth of Field
02.25.19Living by the Rivers
from Yuanjin Photo
If the stories in this edition of Depth of Field share a common thread—apart from their distinguished photographic storytelling—it’s their interest in the flux and churn of life in China in 2019, where nothing seems fixed and pressure of constant...
China in the World Podcast
01.15.19China’s Shift to a More Assertive Foreign Policy
from Carnegie China
Shi points to two important turning points in China’s shift to a more assertive foreign policy: the 2008 global financial crisis, which made it clear that China’s economic development was an important engine for global growth; and Xi Jinping’s rise...
China in the World Podcast
12.07.18Devising a New Formula for Global Leadership
from Carnegie China
Yan asserts the U.S.-China relationship is experiencing structural disruptions, the resolution of which will have a lasting impact on the two countries. He says the tensions in the U.S.-China relationship are primarily due to the narrowing gap...
Books
03.09.18End of an Era
Oxford University Press: Since the 1990s, Beijing’s leaders have firmly rejected any fundamental reform of their authoritarian one-party political system, even as a decades-long boom has reshaped China’s economy and society. On the surface, their efforts have been a success. Political turmoil has toppled former communist Eastern Bloc regimes, internal unrest overtaken Middle East nations, and populist movements risen to challenge established Western democracies. China, in contrast, has appeared a relative haven of stability and growth.But as Carl Minzner shows, a closer look at China’s reform era reveals a different truth. Over the past three decades, a frozen political system has fueled both the rise of entrenched interests within the Communist Party itself and the systematic underdevelopment of institutions of governance among state and society at large. Economic cleavages have widened. Social unrest has worsened. Ideological polarization has deepened.{node, 45901}Now, to address these looming problems, China’s leaders are progressively cannibalizing institutional norms and practices that have formed the bedrock of the regime’s stability in the reform era. Technocratic rule is giving way to black-box purges; collective governance sliding back towards single-man rule. The post-1978 era of “reform and opening up” is ending. China is closing down. Uncertainty hangs in the air as a new future slouches towards Beijing to be born. End of an Era explains how China arrived at this dangerous turning point, and outlines the potential outcomes that could result. {chop}
Excerpts
03.08.18Reversing Reform
Political stability, ideological openness, and rapid economic growth were the hallmarks of China’s post-1978 reform era. But they are ending. China is entering a new era—the counter-reform era.
ChinaFile Recommends
11.21.17China's Revealing Spin on the ‘Sharing Economy’
New York Times
China is the first country to frame “sharing economy” as a “national priority.” It fits with the image that Beijing wants to project: warm, generous, egalitarian.
ChinaFile Recommends
11.08.17In Saudi Crown Prince’s Crackdown, Echoes of Xi’s China
Bloomberg
If Saudi Crown Prince Mohammed bin Salman’s bid to speed economic reforms by rounding up rivals in graft raids sounds familiar, that’s because China has been doing it for years.
Conversation
10.27.17What’s the Takeaway from the 19th Party Congress?
The day after the Party Congress ended on October 24, Xi Jinping strode across the stage of the massive Great Hall of the People with the six newly announced members of the 19th Politburo Standing Committee, the body that rules China. What might...
ChinaFile Recommends
10.03.17The Curious Career Paths of China’s Public-Sector Bosses
Financial Times
The official heroes of China’s state-sector reform program range from dedicated anti-graft investigators, who have purged dozens of allegedly corrupt executives over recent years, to strategically minded administrators determined to create a stable...
Sinica Podcast
04.24.17Chris Buckley: The China Journalist’s China Journalist
from Sinica Podcast
Chris Buckley is a highly regarded and very resourceful correspondent based in Beijing for The New York Times. He has worked as a researcher and journalist in China since 1998, including a stint at Reuters, and is one of the few working China...
ChinaFile Recommends
03.27.17In Rare Move, Chinese Think Tank Criticizes Tepid Pace of Reform
New York Times
These withering findings on China’s reforms come from a startling place: from within the government itself.
Books
02.01.17Unlikely Partners
Unlikely Partners recounts the story of how Chinese politicians and intellectuals looked beyond their country’s borders for economic guidance at a key crossroads in the nation’s tumultuous 20th century. Julian Gewirtz offers a dramatic tale of competition for influence between reformers and hardline conservatives during the Deng Xiaoping era, bringing to light China’s productive exchanges with the West.When Mao Zedong died in 1976, his successors seized the opportunity to reassess the wisdom of China’s rigid commitment to Marxist doctrine. With Deng Xiaoping’s blessing, China’s economic gurus scoured the globe for fresh ideas that would put China on the path to domestic prosperity and ultimately global economic power. Leading foreign economists accepted invitations to visit China to share their expertise, while Chinese delegations traveled to the United States, Hungary, Great Britain, West Germany, Brazil, and other countries to examine new ideas. Chinese economists partnered with an array of brilliant thinkers, including Nobel Prize winners, World Bank officials, battle-scarred veterans of Eastern Europe’s economic struggles, and blunt-speaking free-market fundamentalists.Nevertheless, the push from China’s senior leadership to implement economic reforms did not go unchallenged, nor has the Chinese government been eager to publicize its engagement with Western-style innovations. Even today, Chinese Communists decry dangerous Western influences and officially maintain that China’s economic reinvention was the Chinese Communist Party’s achievement alone. Unlikely Partners sets forth the truer story, which has continuing relevance for China’s complex and far-reaching relationship with the West. —Harvard University Press{chop}
ChinaFile Recommends
01.18.17China’s Top Economic Official Braces for Possible Trade War
New York Times
Liu He has struggled to overcome resistance to a program of measured economic liberalization and more open markets that he argues is critical to China’s long-term economic health
ChinaFile Recommends
11.30.16China Adds Curbs on Pulling Money Out of the Country
Bloomberg
New restrictions added as authorities seek to prevent a flood of capital outflows from destabilizing the financial system
Sinica Podcast
09.07.16Yiwu, a City at the Core of Cheap Chinese Goods
from Sinica Podcast
Renowned as a trading town during the Qing dynasty, the eastern city of Yiwu again became famous for its markets after China’s economic reforms kicked in during the 1980s. Since then, the metropolis of 1.2 million people has transformed into a hub...
Viewpoint
08.18.16Zhao Ziyang’s Legacy
It is difficult to say with any certainty how China would have evolved had Zhao Ziyang not been overthrown in 1989. The ostensible cause of his purge was his refusal to endorse martial law and authorize the use of force to suppress the Tiananmen...
ChinaFile Recommends
06.06.16U.S. Chides China on Steel Glut, Treatment of Foreign Companies at Annual Talks
Washington Post
The U.S.-China Strategic and Economic Dialogue in Beijing is overshadowed by growing trade friction and the dispute over the South China Sea.
ChinaFile Recommends
03.11.16Reaganomics Finds Friends In High Places In China
Forbes
In response to worldwide demands that China manage its economy better, Xi Jinping has proposed what he calls “supply-side structural reform.”
Media
03.04.16China’s Coming Ideological Wars
For most Chinese, the 1990s were a period of intense material pragmatism. Economic development was the paramount social and political concern, while the various state ideologies that had guided policy during the initial decades of the People’s...
ChinaFile Recommends
03.04.16Xi Jinping’s Remedy for China’s Economic Gloom Has Echoes of Reaganomics
New York Times
President Xi Jinping has begun pushing a remedy that sounds less like Marx and Mao than Reagan and Thatcher.
Caixin Media
02.01.16Tough Times call for Tougher Reform Push
Beijing has has done a good job in terms of industrializing the country but will face unprecedented challenges when dealing with a service-driven economy.
ChinaFile Recommends
01.08.16China’s Obsolete Economic Strategy
New York Times
China has changed dramatically over 30 years, and command-and-control economic management will not produce the results of the past.
Conversation
12.03.15Does the Renminbi’s Elevation to Global Currency Matter?
On November 30, the International Monetary Fund approved the Chinese renminbi, also known as the yuan, as one of the world’s leading currencies, underscoring the country’s rising global financial importance. What’s behind the decision and what...
ChinaFile Recommends
12.02.15ChinaFile Recommends
09.21.15This Explains Why China Is Taking So Long to Reform Its Economic System
Washington Post
The new leadership is turning back to old measures to stimulate growth.
Caixin Media
09.15.15Stock Market Volatility Is Not a Harbinger of Collapsing Growth
It would be a sad end to an amazing story. An economic miracle—one that lifted 300 million people from poverty and shifted the world's economic center of gravity—collapsing under the weight of risky investments and a financial crisis.This seems...
The China Africa Project
09.02.15The China Economy: What Lessons for Africa?
When African policy makers scan the globe in search of inspiration on how to structure their economies, that search often leads to Beijing. Not surprisingly, African leaders look at what China has done over the past 30 years where it went from being...
ChinaFile Recommends
08.21.15China Shares Brush New Low Since Depth of Selloff
Wall Street Journal
Shanghai Composite closes down 4.3%, a fraction above July 8 low.
Features
08.20.15Is China About to Plunge the World Into Recession?
On Aug. 18, China’s stock market plummeted by a vertigo-inducing 6.2 percent in one day of trading, part of a months-long decline that’s erased over $3 trillion worth of market value from the country’s equity markets. That followed last week’s...
ChinaFile Recommends
07.31.15China’s Naked Emperors
New York Times
By trying to control the market China's rulers show that despite 25 years of success they have no idea what they’re doing.
Viewpoint
07.12.15Making 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
05.13.15China’s Economy: A Slower Slowdown
Economist
It's been nearly six months since China began easing monetary policy and there's little sign of a rebound in growth.
Caixin Media
05.12.15The Urgency of Continuing with Reform
Concern about the middle-income trap has grabbed public attention again. The minister of finance, Lou Jiwei, recently said at Tsinghua University that China had a “50-50 chance” of sliding into it in the next five to 10 years. However, many...
ChinaFile Recommends
05.06.15The Urgency of Continuing with Reform
The best way to side step the much-discussed middle-income trap is to forge ahead with changes to the growth model.
ChinaFile Recommends
04.21.15China is Still Rising, Just More Slowly
Foreign Affairs
Embracing China's "new normal" or why the economy Is still
on track.
ChinaFile Recommends
03.13.15Shambaugh China Essay in Shambles
China Daily
Shambaugh's deep flaw is that he looked at China with a bias, completely ignoring the positive aspects.
Conversation
03.11.15Is China Really Cracking Up?
On March 7, The Wall Street Journal published an opinion piece by David Shambaugh arguing that “the endgame of Chinese communist rule has now begun...and it has progressed further than many think.” Shambaugh laid out a variety of signs he believes...
ChinaFile Recommends
03.05.15China Lowers 2015 Economic Growth Target to Around 7 Percent
Xinhua
The growth target is lower than the 7.4-percent economic growth in 2014, its weakest annual expansion since 1990.
Conversation
12.19.14Just How Successful Is Xi Jinping?
Last week, Arthur Kroeber, Editor of the China Economic Quarterly opined that “…the Chinese state is not fragile. The regime is strong, increasingly self-confident, and without organized opposition.” His essay, which drew strong, if divided,...
ChinaFile Recommends
10.12.14All Eyes Will Be On China This Week
Reuters
China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth.
ChinaFile Recommends
09.26.14China Ponders Slow-Growth Dilemma
Wall Street Journal
Leadership may have to sacrifice reform agenda to maintain 7.5% economic-growth target.
Caixin Media
09.22.14Nudging China Toward Governance Reform
Three recent items of news deserve attention. First, revisions to the budget law were passed late last month. Second, in a speech this month marking the 60th anniversary of the founding of the National People's Congress, Party General Secretary...
ChinaFile Recommends
05.13.14China Real Estate Falls Back to Earth
New York Times
One of the world’s longest-running bull markets finally seems to be stalling, with broad consequences for China’s economy and possibly its politics as well.
ChinaFile Recommends
05.04.14Why India Will Soon Outpace China
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.
ChinaFile Recommends
05.04.14China's Half-Year Report Card on Economic Reform: Slow, Safe and Steady
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.
Conversation
01.27.14China’s Offshore Leaks: So What?
Two recent stories by the International Consortium of Investigative Journalists detailed China’s elite funneling money out of China to tax havens in the Caribbean. We asked contributors to weigh the impact of the revelations.
ChinaFile Recommends
01.27.14China Reveals Members of New Leading Group on Reform
Diplomat
The highly publicized nature of the meeting implies that the Party intends for the group to play a prominent role in future reforms.
ChinaFile Recommends
01.25.14Economic Shifts in U.S. and China Batter Markets
Deal Book
An index of Chinese manufacturing growth released on January 23 showed that the most important cog in the country’s economy, the world’s second-largest, was contracting for the first time in six months.
Conversation
12.03.13What Posture Should Joe Biden Adopt Toward A Newly Muscular China?
Susan Shirk:United States Vice President Joseph Biden is the American political figure who has spent the most time with Xi Jinping and has the deepest understanding of Xi as an individual. Before Xi’s selection as P.R.C. president and C.C.P. general...
Viewpoint
11.18.13Xi Jinping Refills an Old Prescription
The reforms called for by the Third Plenum of the Eighteenth Party Congress have been, like so much else in China over the past few decades, part of an ongoing Chinese quest for national unity, wealth, and power. But, for those of us steeped in...
ChinaFile Recommends
11.13.13China’s Party Platter of Overhauls
Wall Street Journal
There is hope that the Third Plenum, an important meeting in the life cycle of each five-year Party Congress, could bring real change in the spheres of real estate, banking, state-owned enterprises and currency.
Viewpoint
11.08.13China, One Year Later
In November 2012, seven men were appointed to the Politburo Standing Committee, China’s supreme governing body. At the time, economic headwinds, nationalist protests, and the Bo Xilai scandal presented huge challenges for the regime. Would the...
Viewpoint
11.01.13What the Heck is China’s ‘Third Plenum’ and Why Should You Care?
China’s economy is already two-thirds the size of the economy of the U.S., and it’s been growing five times as fast. But now, China’s economy is beginning to slow and is facing a raft of difficult problems. If China’s leaders don’t address...
ChinaFile Recommends
10.25.13Can China Keep Growing at 8% Annually?
Forbes
China’s economy grew by 7.8% in the third quarter, its fastest pace since the end of 2012. For most world leaders heading into a party conclave, this would be triumphant news, but now the debate is over how far Xi can and should go to...
Conversation
10.25.13Can State-Run Capitalism Absorb the Shocks of ‘Creative Destruction’?
Following are ChinaFile Conversation participants’ reactions to “China: Superpower or Superbust?” in the November-December issue of The National Interest in which author Ian Bremmer says that China’s state-capitalism is ill-equipped to absorb the...
ChinaFile Recommends
10.23.13China Urges Economic Policy Implementation to Spur Rebound
Bloomberg
China’s central government called for “unrelenting” implementation of its economic policies and reform measures to consolidate the nation’s recovery from a two-quarter slowdown and improve the quality of growth.
ChinaFile Recommends
09.12.13China Past Due: Facing the Consequences of Control
Public Radio International
In the midst of it all, the Chinese people increasingly expect a different kind of relationship with their government – one of citizens and not subjects. They want their rights respected and their preferences heard.