Economy

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...

It’s a widespread misconception that just because China is Africa’s top trading partner, it’s also the continent’s largest foreign investor. In fact, China ranks seventh overall in FDI, far behind the United States, long Africa’s largest source of...

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...

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...

A decade ago, China announced it would develop of a series of Special Economic Zones (SEZs) in Africa to boost trade and industrialization. Given the phenomenal success of China’s SEZs that helped to spark the PRC’s three decades of history-making...

As tensions increase between China and the United States over the value of the yuan, human rights violations, alleged cyber attacks, and disputed maritime territories, among other issues, how should the Obama administration conduct the upcoming...

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...

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...

This week, The New York Times reported that Chinese officials have asked the U.S. government to help in apprehending Ling Wancheng, a wealthy Chinese business man and the brother of one of the highest-level officials to have been targeted in Xi...

On July 31, the International Olympic Committee awarded the 2022 Winter Olympics to Beijing, the arid northern capital of a country with little tradition of winter sports. Beijing will be the first city in history to host both the winter games and...

The difference between U.S. and Chinese foreign policies in Africa was on stark display in July when president Barack Obama made his landmark visits to Kenya and Ethiopia. The president brought along with him a vast agenda that transcended trade,...

An obscure equities-trading finance agency that brokers often slighted in favor of bank loans has suddenly taken center stage in the drama playing out in the stock market.But reviews are mixed over whether the four-year-old, quasi-governmental China...

Great Leap Brewing is an institution. As one of the earliest American-style microbreweries in China, not only has the company rescued us from endless nights of Snow and Yanjing, but it has also given us something uniquely Chinese with its assortment...

In Mark Kapchanga’s view, the West, particularly the media, really does not understand what the Chinese are doing in Africa. Kapchanga, a provocative Nairobi-based journalist and columnist, isn’t shy in arguing his case that on balance China’s...

Washington refuses to accept that though the United States is not in decline, its international influence is not what it was. It is unlikely to regain the leverage it once wielded, because China and so many others now have more than enough economic...

Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock markets hung in the balance.They’d been summoned on a day off to the Beijing office of the China...

Demand for cross-town transportation is at the heart of an urban lifestyle that is defining modern China. It is also giving the American car-hire service Uber Technologies Inc. an incredible ride.Few are enjoying the ride more than Uber CEO Travis...

Earlier this month, photographer Tim Franco visited Asia Society to show his work from Chongqing, a city of more than 25 million where he has been reporting since 2009. Many of the images Franco showed appear in his latest book, Metamorpolis (...

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...