Viewpoint

01.15.16

China’s New Development Bank Needs Better Human Rights Protections

Nicholas Bequelin
On January 16, the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) will meet in Beijing to formally launch its operations.A symbol of China’s growing clout on the international scene, the AIIB attracted 57 founding members,...

China’s Obsolete Economic Strategy

The Editorial Board
New York Times
China has changed dramatically over 30 years, and command-and-control economic management will not produce the results of the past.

Why It’s Getting Harder to Understand China

Ben Eisen
Wall Street Journal
The depreciating yuan is exposing the increasing difficulty in getting a firm reading on economy.

Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder

Keith Bradsher and Amie Tsang
New York Times
The aftershocks carried over to Europe and the United States, where markets fell sharply once again.

China's Markets—A Sharp Reminder on Reform

Australian Financial Review
The old command model has reached its limits: if China wants things to stay the same, it will have to change. 

Dow Plunges After Rout in Chinese Market

Dan Strumpf and Christopher Whittall
Wall Street Journal
Weak economic data in China spurs global selloff, while Shanghai Composite declines nearly 7%.

China Selloff Sparks Gloomy 2016 Start for Stocks

Herbert Lash
Reuters
A 7 percent slide in Chinese shares, sparked by weak economic data, rekindled worries over global growth on day one of 2016 trading.

Greece-Sized China Outflows Highlight Policy Maker Challenge

Enda Curran
Bloomberg
Investors are rushing money out of China as yuan weakens to lowest point since August.

China Manufacturing Picks Up

Mark Magnier
Wall Street Journal
China’s PMI rose slightly in December, but economists don’t expect significant rebound in economy.

China Plans a New Silk Road, but Trading Partners Are Wary

Keith Bradsher
New York Times
Kazakhstan has limited Chinese investment and immigration for fear of being overwhelmed.

China: Scaling The World’s Highest Innovation Peaks

Vikram Jandhyala
TechCrunch
The word “innovation” was mentioned 71 times in a communiqué after the Chinese Communist Party’s recent plenary meeting. 

China and Russia’s Orwellian attacks on Internet freedom

The Editorial Board
Washington Post
Xi Jinping’s recent speech suggests that China won’t give up nudging global Internet governance toward the “sovereignty” model.

Conversation

12.23.15

China in 2016

Andrew J. Nathan, Bethany Allen-Ebrahimian & more
What should China watchers be watching most closely in China in 2016? What developments would be the most meaningful? What predictions can be made sensibly?

Can China and Russia Co-operate in Central Asia?

Nyshka Chandran
CNBC
Moscow has traditionally been skeptical of Beijing's expanding influence in an area that it considers its own backyard.

China’s Workers Are Fighting Back as Economic Dream Fades

MARK MAGNIER
Wall Street Journal
For workers like Li Jiang, factory closings represent a failed promise of a better life earned far from home.

Abe and Modi Strengthen Ties to Counter China's Rise

Natalie Obiko Pearson
Bloomberg
India and Japan took their biggest steps yet to deepen strategic ties, and it’s mostly thanks to China.

Books

12.10.15

Pacific

Simon Winchester
Following his acclaimed Atlantic and The Men Who United the States, New York Times bestselling author Simon Winchester offers an enthralling biography of the Pacific Ocean and its role in the modern world, exploring our relationship with this imposing force of nature.As the Mediterranean shaped the classical world, and the Atlantic connected Europe to the New World, the Pacific Ocean defines our tomorrow. With China on the rise, so, too, are the American cities of the West coast, including Seattle, San Francisco, and the long cluster of towns down the Silicon Valley.Today, the Pacific is ascendant. Its geological history has long transformed us—tremendous earthquakes, volcanoes, and tsunamis—but its human history, from a Western perspective, is quite young, beginning with Magellan’s sixteenth-century circumnavigation. It is a natural wonder whose most fascinating history is currently being made.In telling the story of the Pacific, Simon Winchester takes us from the Bering Strait to Cape Horn, the Yangtze River to the Panama Canal, and to the many small islands and archipelagos that lie in between. He observes the fall of a dictator in Manila, visits aboriginals in northern Queensland, and is jailed in Tierra del Fuego, the land at the end of the world. His journey encompasses a trip down the Alaska Highway, a stop at the isolated Pitcairn Islands, and a trek across South Korea and a glimpse of its mysterious northern neighbor.Winchester’s personal experience is vast and his storytelling second to none. And his historical understanding of the region is formidable, making Pacific a paean to this magnificent sea of beauty, myth, and imagination that is transforming our lives. —HarperCollins{chop}

China’s Plan to Merge Sprawling Firms Risks Curbing Competition

Rose Yu
Wall Street Journal
Combining some state-owned companies could tighten Beijing’s grip over key parts of the economy.

FOCAC 6: A China-Africa Lovefest

Eric Olander, Cobus van Staden & more
The Forum on China-Africa Cooperation (FOCAC) summit concluded in Johannesburg on December 5 amid an almost giddy atmosphere. All sides in this relationship seemingly walked away with more than what they had anticipated.Africa provided a welcome...

Three Labour Rights Leaders Detained In China As Worker Unrest Grows

Neil Connor
Telegraph
Activist detentions follow a growth in discontent among workers affected by China's stalling economy.

Notes on the China I’m Leaving Behind

ANDREW JACOBS
New York Times
I GOT together at a restaurant the other night with some Chinese and expatriate friends.

China Has An Awful Safety Record — And Wants To Run 110 Nuclear Reactors By 2030

Emily Rauhala
Washington Post
The country will have 110 working nuclear reactors by 2030.

How China’s Anti-Corruption Drive Is Hurting Growth

Katy Barnato
CNBC
Chinese authorities' anti-corruption campaign has knocked between 1 percent and 1.5 percent off the country's gross domestic product (GDP).

China’s Xi Pledges $60 Billion for Africa Development Over Three Years

PATRICK MCGROARTY
Wall Street Journal
China’s trade with Africa grew to $222 billion last year, making it the continent’s top trade partner for the sixth straight year.

Conversation

12.03.15

Does the Renminbi’s Elevation to Global Currency Matter?

Arthur R. Kroeber & Zhiwu Chen
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...

You Can't Understand China Unless You Know How the Communist Party Thinks

Zheng Bijian
Huffington Post
The CPC came into being in 1921, almost a century ago.

Sino-Indian Border Talks Not Enough to Defuse Tensions

Sarah Watson and John Chen
Diplomat
Unless India and China can take positive actions, they risk drifting into a growing conflict on their disputed border.

Why China's Millennials Are Happy to Own Nothing

Bloomberg
Two decades ago, Tyler Xiong and his parents had to live in a commune guided by the strict socialist teachings of Mao Zedong.

Can Beijing Sell Silk Road as a Marshall Plan Against Terror?

ANDREW BROWNE
Wall Street Journal
China needs West’s buy-in on stabilizing effects of its Silk Road project.

China's Xi In Zimbabwe To Sign Power, Infrastructure Deals

MACDONALD DZIRUTWE
Reuters
Chinese President Xi Jinping arrived in Zimbabwe on Tuesday, the first visit by a Chinese leader since 1996.

China-Africa Summit: What To Look For Beyond The Hype And Hypocrisy

JOHN J STREMLAU
Mail & Guardian
The Africa-China summit will provide an opportunity to see how the Chinese President is responding to democratic developments in Africa.

China’s Renminbi Is Approved as a Main World Currency

KEITH BRADSHER
New York Times
The I.M.F. decision will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power.

Top 10 China Dependent Countries

Kenneth Rapoza
Forbes
A list of the top 10 countries exporting to China and the year-to-date performance of their corresponding exchange traded funds.

China Stocks Hit Hard, Rest of World Shrugs

David Gaffen
Reuters
Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, but the declines did not carry through to other major equity markets.

China Set to Pledge More Aid to Africa Ahead of Xi's Trip

SUI-LEE WEE
Reuters
China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month.

Chinese Investment in Africa Falls by 40%

Saibal Dasgupta
Voice of America
China’s Commerce Ministry publicly admitted that Chinese investments to Africa had fallen by 40 percent in the first half of this year.

China Wants to Build a High-Speed Rail Link to a Newly Open Iran

Richard Macauley
Quartz
China Railway has proposed a high-speed rail link that will carry both passengers and cargo between China and Iran.

China’s Silk Road Fund Backs Another IPO of State Owned Firm

Kane Wu
Wall Street Journal
Fund is largest cornerstone investor in China Energy Engineering Corp’s up to US$1.96 billion IPO.

China and U.S. Say They’ve Made Strides in Trade Talks

Neil Gough
New York Times
The United States and China said that they had made progress on sticking points in trade.

China Seeks to Remove Provincial Barriers to Trade

Sue-Lin Wong
Reuters
China will accelerate reforms to remove internal barriers to both foreign and domestic trade.

The Strange Case of 77 Blue-Collar Chinese Migrants That Kenya Is Calling “Cyber-Hackers”

Lily Kuo
Quartz
Their arrests are emblematic of a slowly brewing backlash against Chinese immigration to Africa.

China's Middle Class Isn't What We Thought It Was

Linette Lopez and Lucinda Shen
Business Insider
For years, multinational companies have been rubbing their hands together in anticipation of the growth of the Chinese middle class.

Asia-Pacific Leaders See Trade as Solution to Economic, Security Troubles

TREFOR MOSS
Wall Street Journal
Leaders stay quiet on territorial disputes in South China Sea.

Obama Calls on Beijing to Stop Construction in South China Sea

MICHAEL D. SHEAR
New York Times
President Obama addressed the Asia-Pacific Economic Cooperation summit meeting in Manila, where he discussed China, trade and climate change.

Conversation

11.18.15

How Can China’s Neighbors Make Progress at APEC?

Le Hong Hiep & Brian Eyler
Ahead of the Asia-Pacific Economic Cooperation (APEC) Summit next week, we asked a group of experts from China’s neighboring countries what they thought the main thrust of discussion in Manila should be. If host, the Philippines, under pressure from...

Morgan Stanley: Here's What We Like in China

Leslie Shaffer
CNBC
China's economic slowdown isn't spooking Morgan Stanley, which has its eye on the mainland's "new economy."

Will The IMF Grant China's Currency Global Reserve Status?

Kenneth Rapoza
Forbes
The market doubts it, but it is possible that the Chinese currency, the renmimbi (RMB), may become part of the International Monetary Fund’s special drawing rights.

China's Dream Factory

Willy Shih and Henry McGee
Atlantic
The long arc of moviemaking history may not bend inevitably toward China, but it does lead away from Hollywood, whose rise and long dominance of the film industry was predicated on a series of conditions that no longer exist.

Shanghai Stock Exchange Vice Chairman Investigated

Yi Fan Xie
Wall Street Journal
China’s anti-corruption campaign pushed further into the financial sector with a government notice Friday that a vice chairman of the stock market regulatory agency is under investigation.

Media

11.13.15

The Real Reason for China’s Two-Child Policy: Millions of New Consumers

Two fictitious Chinese brothers are born in Tuanjiehu Maternity Hospital in the Chinese capital of Beijing. Let’s say the first was born already, in late 2015; his parents nickname him Laoda, meaning “oldest child.” That’s because they have hopes...

The BRICs are dead. Long live the BRICs!

Edward Hadas
Reuters
Brazil, Russia, India, China – BRIC.

With Help from 007's Daniel Craig, how Alibaba Turned 11-11 into China's Biggest Shopping Day

Julie Makinen
Los Angeles Times
Online shopping and entertainment fused into a consumerist juggernaut.

Singles Day in China Draws New Suitors: Foreign Sellers

AMIE TSANG and CAO LI
New York Times
“Double 11 is a really big part of my calendar.”

Challenging the Myth of Chinese Land Grabs in Africa

Eric Olander, Cobus van Staden & more
Among the most durable myths surrounding the China-Africa relationship is the fear that the Chinese government and private enterprises are buying vast tracts of African farm land and have plans to transplant millions of Chinese peasants to live and...

China Softens Tactics in Global Hunt for Corruption Fugitives

ELIZABETH PIPER, SARAH YOUNG AND PAUL...
Reuters
China has changed tactics in its global man-hunt for fugitives wanted at home for corruption.

China to Philippines: No Sea Feud Talk at APEC Summit

Teresa Cerojano
Associated Press
“They said they hope that contentious issues will not be raised during APEC.”

Media

11.09.15

Can the China Model Succeed?

Daniel A. Bell, Timothy Garton Ash & more
Is this a new model? Is authoritarian capitalism, Leninist capitalism, something that has durability? Have the rules changed about how countries develop? That used to be, remember, that open markets led ineluctably to open societies. How does it...