ChinaFile Recommends
09.21.16Chinese Central Bank Designates Renminbi Clearing Bank in New York
Financial Times
First offshore renminbi settlement bank in US fills major gap
ChinaFile Recommends
09.21.16China State Steel Merger Taps Old Theme: Bigger is Better
Wall Street Journal
Beijing revives push to consolidate heavy industry
ChinaFile Recommends
09.20.16US and China Release Fossil Fuel Subsidy Peer Reviews
Guardian
With public assessment of their subsidies, China and the US take a big step on transparency, but inch forward on reform
ChinaFile Recommends
09.20.16Is China Building a Road to Ruin?
Wall Street Journal
China beats the U.S. on infrastructure but at a heavy cost
Caixin Media
09.19.16Chinese Spending Can Help Create Jobs in the United States
Trade does result in very real and serious job losses, while its benefits are spread more broadly over the entire U.S. economy. Yet many job losses are not a result of trade; they are actually driven by productivity gains related to rapid...
China in the World Podcast
09.16.16Obama’s Asia Legacy
from Carnegie China
As President Obama enters his final months in office and a new administration prepares to take the helm in 2017, what will his legacy be in the Asia-Pacific? In this podcast, Paul Haenle and Michael Green, former senior director for Asian affairs at...
Environment
09.15.16A Chinese Train Could Link South America’s Atlantic and Pacific Coasts by Rail for the First Time
from chinadialogue
Official bodies from Brazil and Peru have expressed concern about the social and environmental impacts of the proposed interoceanic railway, which will connect the coast of Peru and Brazil, cutting through 621 miles of pristine rainforest.In a...
Features
09.13.16The Destruction of Baishizhou
Early this spring, the Chinese character for “demolish” (“拆”) showed up in red spray paint on a strip of shops in Shenzhen’s Baishizhou neighborhood. Wang An, 41, has been selling women’s underwear from one of these shops for the last 10 years. “...
Depth of Field
09.12.16African Migrants in Guangzhou, Forgetting, Family Planning’s Fate, and More...
from Yuanjin Photo
Photographing the aftermath of catastrophic events is challenging—one that photographer Mu Li handles with creativity and grace looking back at the chemical explosion in Tianjin that damaged as many as 17,000 homes August 12, 2015. Another challenge...
ChinaFile Recommends
09.12.16China Lays New Brick in Silk Road With First Afghan Rail Freight
Bloomberg
China has for years had grand investment plans for Afghanistan’s resource riches.
ChinaFile Recommends
09.12.16Marriage Falls in China, Transforming Finances and Families
New York Times
The decline in marriages means a decline in the kind of spending China needs to drive economic growth.
ChinaFile Recommends
09.12.16China Rethinks Its Alliance With Reeling Venezuela
Wall Street Journal
Concerns prompted emergency meetings between the Chinese envoy and state companies.
ChinaFile Recommends
09.12.16Surge in Offshore Yuan Borrowing Rate Suggests China Intervention
Wall Street Journal
Move by banks in Hong Kong market, likely at behest of PBOC, seems aimed at bets against yuan.
ChinaFile Recommends
09.07.16Tens of Thousands of Jobs Go as China’s Biggest Banks Cut Costs
Bloomberg
The cuts suggest that employment has peaked at the firms that are the world’s biggest providers of banking jobs.
ChinaFile Recommends
09.07.16Goldman Sachs: China Signaling Further Stimulus on the Way
CNBC
The bank pointed to China’s State Council meeting this week, which discussed plans to streamline the approval process for investment projects.
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...
ChinaFile Recommends
09.06.16China’s Hunger for Steelmaking Coal Fuels Price Rally
Wall Street Journal
China is increasingly relying on coking-coal shipments from abroad due to a local shortage.
ChinaFile Recommends
09.06.16China’s Swoop on Boeing Supplier Points to Aluminum’s Future
Bloomberg
Alcoa Inc., an iconic U.S. producer for more than a century, has shuttered all but one smelter and plans to split itself in two.
ChinaFile Recommends
09.06.16G20 A Success For China, But Hard Issues Kicked Down the Road
Reuters
Scratch beneath the surface, and the gathering of the world's most powerful leaders was not all plain sailing.
Conversation
09.01.16What Can We Expect from China at the G20?
On September 4-5, heads of the world’s major economies will meet in the southeastern city of Hangzhou for the G20 summit. The meeting represents “the most significant gathering of world leaders in China’s history,” according to The New York Times...
Media
08.25.16China Analysts Should Talk to Each Other, Not at Each Other
On August 12, the International Monetary Fund (IMF) issued its annual report card on China’s economy and gave the country mixed grades, finding that its “economic transition will continue to be complex, challenging, and potentially bumpy.” In...
ChinaFile Recommends
08.25.16China’s Zika Fumigation Rules Raise Worries for U.S. Exporters
Wall Street Journal
Companies worry that requirement to fumigate all containers could result in costs, delays.
The China Africa Project
08.23.16Is Huawei Doing Enough to Train Local Staff in Africa?
The Chinese telecom giant Huawei recently launched a massive publicity campaign to raise awareness in Africa about what it is doing to train local employees. The company has opened at least five training centers in different countries across the...
The China Africa Project
08.17.16China’s Undeserved Reputation for Building Bad Infrastructure in Africa
The Chinese build more infrastructure than any other country (foreign or African) in Africa. Chinese banks are financing billions of dollars in new loans, aid packages, and other deals to build badly-needed infrastructure across the continent, and...
ChinaFile Recommends
08.15.16China Says Other Topics Must Not Divert G-20’s Economy Focus
Bloomberg
Vice Foreign Minister Li Baodong said leaders shouldn’t be distracted by the South China Sea issue.
ChinaFile Recommends
08.15.16Why China’s Plan to Build a New Silk Road Runs Through Singapore
Bloomberg
Cultural ties make city-state key gateway to Southeast Asia.
ChinaFile Recommends
08.15.16China Shares Hit Seven-Month High; World Yields Keep Falling
Reuters
Chinese stocks helped offset news that Japan’s economic growth had ground to a halt.
ChinaFile Recommends
08.11.16In China, Economic Data Highlights Growing Divide Between Regions
Wall Street Journal
Provinces’ first-half figures for GDP growth also have revived the debate over the country’s statistics.
Caixin Media
08.09.16China's New 'Bad Loan' Managers: Savvy Saviors or Riskier than Ever?
As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions...
ChinaFile Recommends
08.08.16China Exports Slide on Weak Demand
Wall Street Journal
Global uncertainty and headwinds continue to buffet the world’s second-largest economy.
China in the World Podcast
08.04.16What a Former CIA China Expert Has Learned from 30 Years in the Field
from Carnegie China
As tensions between the United States and China rise over security issues in the Asia-Pacific region, some are concerned about the possibility of conflict between the world’s two largest economies. Dennis Wilder, former Senior Director for East Asia...
Books
08.02.16Creativity Class
The last three decades have seen a massive expansion of China’s visual culture industries, from architecture and graphic design to fine art and fashion. New ideologies of creativity and creative practices have reshaped the training of a new generation of art school graduates. Creativity Class is the first book to explore how Chinese art students develop, embody, and promote their own personalities and styles as they move from art school entrance test preparation, to art school, to work in the country’s burgeoning culture industries. Lily Chumley shows the connections between this creative explosion and the Chinese government’s explicit goal of cultivating creative human capital in a new “market socialist” economy where value is produced through innovation.Drawing on years of fieldwork in China’s leading art academies and art test prep schools, Chumley combines ethnography and oral history with analyses of contemporary avant-garde and official art, popular media, and propaganda. Examining the rise of a Chinese artistic vanguard and creative knowledge-based economy, Creativity Class sheds light on an important facet of today’s China. —Princeton University Press{chop}
The China Africa Project
07.30.16The Honeymoon between China and Africa Is Over and That’s a Good Thing
It wasn’t that long ago when it was all smiles between the Chinese and Africans. The headlines were all about “win-win” development, China’s role in helping Africa to rise above its colonial past, and investment—lots and lots of Chinese investment...
ChinaFile Recommends
07.28.16Historic Flooding Costs China $44.7 Billion So Far This Year
Forbes
’Ruthless’ urbanization takes its toll.
Caixin Media
07.27.16New Territory For Financial Oversight Reform
An intense battle for control of China’s largest, publicly traded developer China Vanke Co. has exposed flaws in the nation’s financial supervision system that demand urgent attention.Vanke management and Baoneng Group, a property and insurance...
ChinaFile Recommends
07.21.16China’s Short-Changing Its Future
Bloomberg
One of the most critical tasks is developing a workforce for the 21st century.
China in the World Podcast
07.19.16Interpreting the South China Sea Tribunal Ruling
from Carnegie China
International responses to the tribunal’s ruling in the South China Sea have raised questions about the stability of the Asia-Pacific region and what roles the United States and China have in it. In this podcast, Paul Haenle and Elizabeth Economy...
ChinaFile Recommends
07.18.16U.S., China Clash Over Market Economy Status at WTO
Reuters
The United States warned China on Thursday that it had not done enough to qualify for market economy status.
Caixin Media
07.14.16Business Strategies for China’s Brewing Crisis
Not a single, modern-day entrepreneur or investor in China has had to experience a substantial and painful economic slowdown, let alone a recession. The reason is simple: Since the nation’s reform and opening campaign began in 1978, China has never...
ChinaFile Recommends
07.14.16Likely Hack of U.S. Banking Regulator by China Covered Up
Reuters
The report was released amid growing concern about the vulnerability of the international banking system.
Features
07.12.16You Ask How Deeply I Love You
“Back when I was a soldier on Kinmen, around 1975, the water demons still sometimes killed people,” Xu Shifu (Master Xu) said. The laugh-lines at the corners of his eyes were not visible now, even in the white fluorescent light shining down from the...
ChinaFile Recommends
07.11.16China Corn Shortages Loom Despite Bulging Silos
Financial Times
Discontinuing a minimum price policy in March distorted global markets and packed expensive grain into state reserves.
ChinaFile Recommends
07.11.16The Western Europe-Western China Expressway To Connect The Yellow Sea With The Baltic
Forbes
It will stretch 8,445 kilometers.
Conversation
07.08.16Why Is There So Much Talk of China’s Bleeding Money?
China has seen its foreign reserves depleted for months, but economists don’t agree about why: Is it because Chinese people are buying offshore assets, such as real estate? Because Chinese companies are paying down their foreign debt? Or both? Or is...
ChinaFile Recommends
07.06.16China Stocks Rise on Reform Hopes, as Other Asian Shares Sag
Wall Street Journal
President Xi calls for overhauling state-owned enterprises....
China in the World Podcast
07.05.16Uncertainty in China-Europe Relations
from Carnegie China
Economic relations between Europe and China remain highly salient due to the potential for increased trade and investment, as well as future cooperation on projects stemming from the Belt and Road initiative. Yet, in this podcast with Paul Haenle,...
Depth of Field
07.01.16Tornados and Drag Queens
from Yuanjin Photo
Being a photojournalist involves reacting to breaking news, a dedication to long-term projects, and everything in between. This month’s showcase of work by Chinese photographers published in Chinese media underscores this range of angles: from the...
Infographics
06.30.16Visualizing China’s Aid to Africa
In June of last year, 50 countries signed on to the Chinese-led Asian Infrastructure Investment Bank, including the U.K., Germany, Australia, and South Korea, acknowledgement of China’s success in driving development through mega-projects to build...
ChinaFile Recommends
06.30.16China to Tolerate Weaker Yuan, Wary of Trade Partners’ Reaction
Reuters
The yuan is already trading at its lowest level in more than five years.
Caixin Media
06.30.16Chinese Investment in Euro Soccer Soars to Meet President’s Goals
Chinese companies are buying soccer teams across Europe, echoing the Beijing government’s ambitious plan to turn the nation into a soccer powerhouse.The powerhouse plan, which has backing from President Xi Jinping, has led to nine deals inked by...
ChinaFile Recommends
06.29.16China Stocks Extend One of The World’s Best Post-Brexit Rallies
Bloomberg
Shanghai composite climbs as the MSCI All-Country World Index tumbles....
ChinaFile Recommends
06.28.16China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit
Reuters
China vows to contain any drastic changes in the capital market after the global panic....
ChinaFile Recommends
06.27.16What China’s Successful Reforestation Program Means for the Rest of the World
Public Radio International
China, as it turns out, is looking elsewhere to get the lumber it needs.
ChinaFile Recommends
06.27.16China’s Li Sees Increasing Uncertainties After Brexit Vote
Bloomberg
Sill, Premier Li Keqiang argues his nation has ample tools to meet challenges facing the economy.
ChinaFile Recommends
06.27.16Brexit Is Providing Great Fodder for China's Communist Propaganda Machine
Quartz
Brexit is concrete evidence that democratic decision-making can lead to catastrophic results.
ChinaFile Recommends
06.24.16China and South Korea Sound Notes of Caution
New York Times
The People’s Daily said the British vote could indirectly unsettle China’s economy in the short term but was unlikely to leave deep, lasting damage.
ChinaFile Recommends
06.24.16Predictions For Post-Brexit China-UK Business
Forbes
We have to look at the motives of Chinese investors in Europe.
ChinaFile Recommends
06.24.16The British Brexit Vote Is Awful News for China
Quartz
Behind Xi’s opposition to the UK leaving is China’s difficult trade situation with the European Union.
Sinica Podcast
06.20.16Arthur Kroeber vs. the Conventional Wisdom
In this episode of Sinica, we present an in-depth interview with Arthur Kroeber, the founding partner and head of research for Gavekal Dragonomics, an independent global economic research firm, and the editor-in-chief of its journal, China Economic...