China Is Hoarding the World's Oil

Grant Smith
Bloomberg
Goldman Sachs says Chinese hoarding may avert $20 oil scenario.

The New Asian Order

Evan A. Feigenbaum
Foreign Policy
And How the United States Fits In.

China’s Fast Growing Film Industry

Bloomberg
The discussion on the expansion of the entertainment industry in China and differences between audiences in the U.S. and Asia

China Tries to Extract Pledge of Compliance From U.S. Tech Firms

PAUL MOZUR
New York Times
Beijing has summoned American tech companies to a forum in Seattle next week.

China's Xi Says Economy Resilient, Has Huge Potential: State Radio

Judy Hua and Jake Spring
Reuters
China's economy is resilient and has the capacity to maintain a long-term medium-to-high growth rate.

Conversation

09.16.15

What Would New Breakthroughs on Climate Change Mean for the U.S.-China Relationship?

Junjie Zhang, Joanna Lewis & more
With just over a week to go before Chinese President Xi Jinping begins his first State Visit to the United States, there is much evidence to suggest that bilateral action to fight climate change is an area most ripe for meaningful Sino-U.S...

The Missing Piece of US-China Relations: Trust

Michael Tai
Diplomat
“U.S. antipathy to China is rooted in angst about its rise and the prospect of American decline.”

China Trying to Undercut Germany on Submarine Offer to Egypt

SIVA GOVINDASAMY AND AHMED MOHAMED...
Reuters
Beijing looks to expand weapons exports beyond its traditional customer base in Asia.

China Looks to Hollywood

Nina Huang
Diplomat
Chinese firms are stepping up their investments in Hollywood, to protect their own market share.

Is Romance Dead? France Seeks New Image in China

MICHEL ROSE
Reuters
France's finance minister wants to persuade Chinese officials to set aside their romantic image.

Caixin Media

09.15.15

Stock 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...

Iran Says Wants China's Help to Resolve Middle East Tensions

Ben Blanchard
Reuters
China has been active in pushing both the United states and Iran to reach agreement on Iran's nuclear program.

Culture

09.11.15

French Director’s Chinese Movie Balances Freedom With Compromise

Jonathan Landreth
In 2012, French movie director Jean-Jacques Annaud got a warm welcome in China after more than a dozen years as persona non grata there for having offended official Chinese Communist Party history with his 1997 film Seven Years in Tibet—the story of...

In Africa, Those Who Bet on China Face Fallout

Patrick McGroarty and Matina Stevis
Wall Street Journal
Economic slowdown in China exacerbates strain for trading partners in Africa.

‘Mission: Impossible—Rogue Nation’ Revs to Record Opening Day in China

Pamela McClintock
Hollywood Reporter
The Tom Cruise movie scored the top opening of all time for a 2D Hollywood title with $18.5 million on Tuesday.

China Accused of Fraud as Government-Backed Film Outperforms Terminator: Genisys

Ben Child
Guardian
The state allegedly offered money for bogus box-office data for "The Hundred Regiments Offensive."

I’m with the Banned: China Blocks Bon Jovi Gigs

Jennifer Duggan
Guardian
U.S. group were due to perform first China shows next week, but previous use of Dalai Lama image may have prompted officia intervention.

G-20 Seeks Reassurances that China Plans to Calm Markets

Dow Jones Newswires
Wall Street Journal
The Group of 20 biggest economies are concerned a stalled Chinese economy could spur further global sell-offs.

Can the Chinese Government Get Its People to Like G.M.O.s?

New Yorker
Genetically modified food faces zealous public opposition and is largely banned from the marketplace.

No Coins, No Red Faces: Apps Change Chinese Attitudes to Splitting Bills

Shen Lu
CNN
Splitting the bill is a relatively new idea to most Chinese, but now it's being embraced by cash-strapped young people.

China is Buying About One-fifth of the World’s Apple Watches

Josh Horwitz
Quartz
Since the device’s release in May, estimates show that over 1 million of the watches have been sold in China.

In China’s Heartland, Small Cities Flourish

Andrew Browne
Wall Street Journal
Even in slowdown, a Yangtze River town bursts with consumer vitality.

At 2 p.m. in China, the Stock Market Rescue Suddenly Switches On

Kyoungwha Kim
Bloomberg
Afternoons in the Chinese stock market have turned into a waiting game for the state-backed funds to arrive.

Caixin Media

09.01.15

Quantum Computing and Alibaba’s Leap of Faith

Building a quantum computer that processes data at speeds trillions of times faster than the world’s fastest computer, China’s supercomputer Tianhe-2, is the goal of a potentially game-changing venture launched by Alibaba Group Holding Ltd. and the...

Rethinking the Obama-Xi Summit

Joseph Bosco
Diplomat
How the U.S. might use the summit for a new “new model of great power relations.”

Donald Trump Meet the Chinese American Cook and the Father of ‘Birthright Citizenship’

Fred Barbash
Washington Post
All born or naturalized in the US and subject to jurisdiction thereof are citizens of the state where they reside.

U.S. Developing Sanctions Against China over Cyberthefts

Ellen Nakashima
Washington Post
Obama is developing unprecedented economic sanctions against Chinese who have benefited from government cybertheft of U.S. trade secrets.

U.S., China Stress Positives Ahead of Xi Trip

Megha Rajagopalan
Reuters
The world's two largest economies have mutual interests, like trying to rein in North Korea's nuclear program, sevear deep disagreements exist.

How My Presidency Would Deal With China

Marco Rubio
Wall Street Journal
Approaching Beijing on the basis of strength and example, not weakness and appeasement.

A Mainstay of Presidential Campaigning: China-bashing

Chick Reed
CBS News
Presidential candidates Trump, Walker, Rubio, Clinton and others are making politcal hay out of pitting the U.S. against China.

Books

08.27.15

China’s Disruptors

Edward Tse
In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental question: What’s really going on with the new wave of China’s disruptors?Alibaba wasn’t an outlier—it’s one of a rising tide of thriving Chinese companies, mostly but not exclusively in the technology sector. Overnight, its founder, Jack Ma, appeared on the same magazine covers as American entrepreneurial icons like Mark Zuckerberg. Ma was quickly followed by the founders of other previously little-known companies, such as Baidu, Tencent, and Xiaomi.Over the past two decades, an unprecedented burst of entrepreneurialism has transformed China’s economy from a closed, impoverished, state-run system into a major power in global business. As products in China become more and more sophisticated, and as its companies embrace domestically developed technology, we will increasingly see Chinese goods setting global standards. Meanwhile, companies in the rest of the world wonder how they can access the fast-rising incomes of China’s 1.3 billion consumers.Now Edward Tse, a leading global strategy consultant, reveals how China got to this point, and what the country’s rise means for the United States and the rest of the world. Tse has spent more than twenty years working with senior Chinese executives, learning firsthand how China’s most powerful companies operate. He’s an expert on how private firms are thriving in what is still, officially, a communist country. His book draws on exclusive interviews and case studies to explore questions such as:What drives China’s entrepreneurs? Personal fame and fortune—or a quest for national pride and communal achievement?How do these companies grow so quickly? In 2005, Lenovo sold just one category of products (personal computers) in one market, China. Today, not only is it the world’s largest PC seller; it is also the world’s third-largest smartphone seller.How does Chinese culture shape the strategies and tactics of these business leaders? Can outsiders copy what the Chinese are doing?Can capitalists really thrive within a communist system? How does Tencent’s Pony Ma serve as a member of China’s parliament while running a company that dominates online games and messaging?What impact will China have on the rest of the world as its private companies enter new markets, acquire foreign businesses, and threaten established firms in countless industries?As Tse concludes: “I believe that as a consequence of the opening driven by China’s entrepreneurs, the push to invest in science, research, and development, and the new freedoms that people are enjoying across the country, China has embarked on a renaissance that could rival its greatest era in history—the Tang dynasty. These entrepreneurs are the front line in China’s intense hunger for success. They will have an even more remarkable impact on the global economy in the future, through the rest of this decade and beyond.” —Portfolio/Penguin{chop}

China’s Complexity Problem

Stephen S. Roach
Project Syndicate
The challenge for Xi Jinping is to prioritize plentiful political will in a way that keeps China on the course of reform and rebalancing.

Who Loses Most from Chaos in China—And Some Possible Silver Linings

Washington Post
The panic may weaken demand for U.S. exports. But that could make some goods cheaper for consumers.

Donald Trump: No State Dinner—Only Big Mac—for China’s President

Jeremy Diamond
CNN
If elected, Trump vowed to eschew the lavish dinner Xi Jinping will get in Washington from President Obama.

China Cuts Interest Rates Amid Mounting Concerns Over Economy

Neil Gough, Chris Buckley
New York Times
The cut followed a global stock market rout in which China led with a 7.6 pct plunge Tuesday to its lowest level this year.

US, European Markets Bounce Back, China Crisis Continues

Dominic Rushe
Guardian
Dow Jones rises more than 300 points in first 2 minutes after opening following 3 days of market losses that erased close to $3 trillion globally.

Warner Bros. in Talks to Make Movies in China

Ben Fritz and Shalini Ramachandran
Wall Street Journal
The joint venture would produce local-language films for Asian audience.

Conversation

08.25.15

Is the Bloom Off the Rose of China’s Economic Miracle?

Arthur R. Kroeber, David Schlesinger & more
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in...

What’s Scarier Than a Strong China? A Weak China.

Joshua Keating
Slate
When China actually does take a tumble, Americans feel it in their pocketbooks and portfolios.

Why is China’s Stock Market Falling and How Might it Affect the Global Economy?

Katie Allen
Guardian
Concerns about inflation, shares and interest rates raised after ‘Black Monday’ wiped billions off global markets.

Apple Stock Recovers After Tim Cook Email Praises China Sale

Brian X. Chen
New York Times
CEO Tim Cook emailed “Mad Money” host Jim Cramer to say the App Store in China had its best performance of the year in the last two weeks.

Great Fall of China Sinks World Stocks, Dollar

Sinead Carew
Reuters
A near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit.

Caixin Media

08.24.15

How to Solve China’s Currency Parity Puzzle?

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

China Says More than 10 Countries to Join Unprecedented WW II Military Parade

Megha Rajagopalan
Reuters
Russia and Kazakhstan are among those countries joining a parade in Beijing in September to commemorate China's WWII victory over Japan.

China Shares Brush New Low Since Depth of Selloff

Mark Magnier and Chao Deng
Wall Street Journal
Shanghai Composite closes down 4.3%, a fraction above July 8 low.

Features

08.20.15

Is China About to Plunge the World Into Recession?

David Wertime
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...

Caixin Media

08.18.15

Official Stonewalling on Tianjin Explosions Sparks Outcry

While victims of the Tianjin explosions are still waiting to be told why their loved ones died or, how safe it is to go outside, officials remained evasive in the sixth press conference regarding the disaster.In response to a question from a Caixin...

Obama Administration Warns Beijing About Covert Agents Operating in U.S.

Mark Mazetti, Dan Levin
New York Times
The warning reflects escalating anger in Washington about intimidation tactics used by the agents.

P&G Tripped Up by Its Assumptions About Diapers in China

Serena Ng and Laurie Burkitt
Wall Street Journal
Pampers diapers fall behind after aiming too low at the growing middle class.

Tianjin Blast Rescuers Removing Toxic Chemical Substance from Scene

Liu Rong
People’s Daily Online
Sodium cyanide has now been detected in the sewage and leakage has been confirmed.

U.S.-China Aviation Talks Hit Stumbling Block on Airport Access

Fang Yan and Jeffrey Dastin
Reuters
In May talks China offered to permit more flights to Beijing, Shanghai and Guangzhou and lower caps for other domestic cities.

China Seeks to Calm Markets as It Devalues Currency for 3rd Consecutive Day

Neil Gough
New York Times
Since Tuesday, the currency, the renminbi, has fallen 4.4 percent, the biggest drop in decades.

Caixin Media

08.11.15

Auditors Probe Sinopec, Savvy Broker in Angola

Government auditors are taking a closer look at U.S.$10 billion worth of offshore oil investments by state-run China Petroleum & Chemical Corp. (Sinopec) that owe their existence to a Hong Kong businessman with a flair for networking in the...

Bearish Bets Multiply as China Slows

Henry Sender
Financial Times
A slowdown in China is harder for its trading partners and manufacturing competitors than it is for China itself.

China Devalues Its Currency as Worries Rise About Economic Slowdown

Neil Gough and Keith Bradsher
New York Times
The clearest sign yet of Beijing's concern about falling short of its goal of roughly 7 percent economic growth.

China’s Role in Africa’s ‘Looting Machine’

Eric Olander, Cobus van Staden & more
China goes to great lengths to differentiate its engagement in Africa from the continent’s former European colonizers by emphasizing so-called “win-win development.” Chinese leaders regularly visit Africa where they emphatically reject the...

China Hits Back at U.S. Criticism over South China Sea ‘Restrictions’

Megha Rajagopalan
Reuters
Free overflights and navigation doesn't equal foreign warships and jets to violate sovereignty and security, Beijing said.

China Shares Post Biggest One-Day Gain in a Month

Chao Deng
Wall Street Journal
Weak economic data boosts stimulus hopes; investors signal confidence in Beijing’s support.

Learning to Speak Lingerie: Chinese Merchants and the Inroads of Globalization

Peter Hessler
New Yorker
All told, along a three-hundred-mile stretch, I found twenty-six Chinese lingerie dealers: four in Sohag, twelve in Asyut, two in Mallawi, six in Minya, and two in Beni Suef. It was like mapping the territory of large predator cats: in the Nile...

Viewpoint

08.07.15

Here’s What’s Wrong With Most Commentary on the Beijing 2022 Olympics

Taisu Zhang & Paul H. Haagen
Upon hearing that Beijing would be hosting the 2022 Winter Olympics, we wondered what the Chinese government was thinking. The decision seemed counterintuitive, to say the least: For one thing, it barely snows in Beijing, or even in Zhangjiakou, the...