ChinaFile Recommends
07.08.15China's Stock Market Crash, Explained
Vox
Chinese stocks surged last year, but those gains didn't reflect broader economic gains. They were a result of more people investing in the stock market with borrowed funds.
ChinaFile Recommends
07.08.15China Takes More Steps to Stop ‘Irrational’ Selling'
Wall Street Journal
Chinese government agencies step up efforts to shore up China’s plunging stock markets that the securities regulator described as facing panic and irrational selling.
ChinaFile Recommends
07.08.15Iron Ore Plunges 10pc Amid Extended China Market Route
Australian Financial Review
Iron ore retreated to the lowest level in at least six years as a rout in China's stock markets threatened to hurt demand just as the biggest producers plan to raise output.
ChinaFile Recommends
07.08.15China Stock Slump Spreads as Alibaba to JD.com Whipsaw Investors
Bloomberg
U.S.-traded Chinese stocks tumbled at least four years before rebounding in late trading as the rout that’s wiped $3.2 trillion from the value of mainland equities spreads.
ChinaFile Recommends
07.08.15Why is China's Stock Market Crashing?
Diplomat
The volatility of the stock markets has become a political issue but political intervention has not been effective. It is likely that Chinese leaders will find ways to boost the confidence in the Chinese stock markets which could backfire.
Books
07.07.15Meeting China Halfway
Though a U.S.–China conflict is far from inevitable, major tensions are building in the Asia-Pacific region. These strains are the result of historical enmity, cultural divergence, and deep ideological estrangement, not to mention apprehensions fueled by geopolitical competition and the closely related "security dilemma." Despite worrying signs of intensifying rivalry between Washington and Beijing, few observers have provided concrete paradigms to lead this troubled relationship away from disaster. Meeting China Halfway: How to Defuse the Emerging US-China Rivalry is dramatically different from any other book about U.S.-China relations. Lyle J. Goldstein's explicit focus in almost every chapter is on laying bare both U.S. and Chinese perceptions of where their interests clash and proposing new paths to ease bilateral tensions through compromise. Each chapter contains a “cooperation spiral”―the opposite of an escalation spiral―to illustrate the policy proposals. Goldstein not only parses findings from the latest American scholarship but also breaks new ground by analyzing hundreds of Chinese-language sources, including military publications, never before evaluated by Western experts. Goldstein makes one hundred policy proposals over the course of this book, not because these are the only solutions to arresting the alarming course toward conflict, but rather to inaugurate a genuine debate regarding cooperative policy solutions to the most vexing problems in U.S.-China relations. ―Georgetown University Press {chop}
ChinaFile Recommends
07.07.15As China’s Market Tanks, What Becomes of the Companies Hoping to List?
Wall Street Journal
As the market soared in China, nearly 20 Chinese companies whose shares trade in New York got bids to go private in management buyouts.
ChinaFile Recommends
07.07.15Chinese Investors Who Borrowed Are Hit Hard by Market Turn
New York Times
Millions of ordinary investors like Mr. Gong, who piled into an ever-soaring Chinese stock market over the last year, are bracing for a roller-coaster ride.
ChinaFile Recommends
07.07.15China Stocks Fall in Defiance of Beijing’s Support Efforts
Financial Times
Another 173 firms listed in Shanghai and Shenzhen announced trading suspensions after the market closed on Tuesday, bringing the total to around 940.
ChinaFile Recommends
07.06.15China Stocks Rise as Beijing’s Emergency Moves Brings Some Relief
Reuters
Support measures unleashed by Beijing brought some relief to a market after headlong slide over three weeks.
Conversation
07.02.15How Much Does the Chinese Market Matter to the World?
China’s main market, reflected in the Shanghai Composite Index, has fallen 24 percent since June 12, losing $2.4 trillion in value. While many analysts are focused on the financial crisis in Greece, some are beginning to wonder if China's woes...
ChinaFile Recommends
07.02.15Why are China’s Stock Markets so Volatile?
Financial Times
Home to the world’s largest equity markets after the US, China is still extremely volatile with benchmark indices often swinging as much as 10 per cent in a matter of hours.
ChinaFile Recommends
07.02.15China: The Indian Ocean can’t be India’s backyard
Business Insider
Chinese military officials warn that the Indian Ocean is not India's "backyard" and may result in clashes.
ChinaFile Recommends
07.02.15Foreign Films Rise Again at China’s Box Office
Wall Street Journal
China’s movie market is booming, with $3.3 billion worth of ticket sales in the first half of the year, up nearly 50% from the same period in 2014.
ChinaFile Recommends
07.01.15China's Military Must Help Xinjiang Modernize
Guardian
China’ wants to bring “modern civilisation” to the southern areas of Xinjiang, where Muslim ethnic Uighurs are in a majority, and help develop its economy
ChinaFile Recommends
07.01.15Why it is Better to Stay Out of China A-shares
Financial Times
Where did the argument for China A-shares go? In the last two weeks the case for the booming stock market of mainland China has turned at least two somersaults.
ChinaFile Recommends
07.01.15China Parliament Ratifies BRICS Bank Agreement
Reuters
China ratifies an agreement with the world's largest emerging nations to create a new development bank, alternative to western institutions such as the World Bank.
ChinaFile Recommends
07.01.15Beijing Works to Calm Tumbling Stock Market
Financial Times
Beijing will do whatever it takes to avert a collapse in the stock market; authorities have already taken steps to boost sentiment and liquidity, including an interest rate cut.
ChinaFile Recommends
07.01.15The Chinese Ride-Hailing Startup That’s Out-Ubering Uber
Wired
Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country--or, Uber appears to be trying to unseat the homegrown favorite.
ChinaFile Recommends
07.01.15Chinese Stocks Fall Into a Bear Market
New York Times
China’s central bank cuts interest rates and fails to stem the route in Chinese share prices; the Shanghai and Shenzhen stock markets closes with steep losses.
Media
06.26.15‘Why Do Chinese Lack Creativity?’
On June 19, the University of Washington and elite Tsinghua University in Beijing announced a new, richly funded cooperative program to be based in Seattle and focused on a topic that has become a sore point in China: innovation. Republican...
ChinaFile Recommends
06.25.15China's Alibaba to Remove Listings with Confederate Flag Imagery
Reuters
Alibaba pledged to pull down links to products with Confederate flag imagery in the wake of the shooting in South Carolina.
ChinaFile Recommends
06.25.15China Reveals Misuse of $2.7 Billion in Lottery Funds
Reuters
China uncovered the misappropriation of $2.72 billion from its state lottery program, used to buy and build office buildings and hotels.
ChinaFile Recommends
06.25.15China Invests in the World
Diplomat
China’s outward foreign direct investment for the first five months of 2015 is up 50 percent from the same period in 2014, says Chinese Ministry of Commerce.
ChinaFile Recommends
06.25.15China to Boost Textile Industry in Xinjiang
Shanghai Daily
China's cabinet issued a guideline on Thursday to bolster the textile and garment industry in the western Xinjiang region in the hope of increasing local employment and exports.
ChinaFile Recommends
06.25.15South Africa Tourism in Crisis as Chinese Reject New Visa Regulations
The number of Chinese visitors to South Africa has dropped 32 percent after new visa regulations make travel difficult.
ChinaFile Recommends
06.25.15With Beijing’s Voting Plan Dead, Hong Kong Looks Ahead
New York Times
The rejection of a Beijing-backed plan to let the public elect Hong Kong’s top officials begs the question of what happens next.
ChinaFile Recommends
06.25.15China Aims to Move Beijing Government Out of City’s Crowded Core
New York Times
Officials finalize plans to move Beijing’s municipal government, including tens of thousands of civil servants to Tongzhou.
The NYRB China Archive
06.25.15A Partnership with China to Avoid World War
from New York Review of Books
International cooperation is in decline both in the political and financial spheres. The U.N. has failed to address any of the major conflicts since the end of the cold war; the 2009 Copenhagen Climate Change Conference left a sour aftertaste; the...
ChinaFile Recommends
06.24.15China's Alibaba Pictures Investing in Paramount's 'Mission: Impossible-Rogue Nation'
Hollywood Reporter
Alibaba Pictures says 'Mission: Impossible 5' will be its first Hollywood investment.
ChinaFile Recommends
06.23.15Alibaba is Selling US E-Commerce Site 11 Main Just a Year After it Opened
Quartz
Alibaba’s been more tentative in the U.S. than it has in China, because it is a latecomer in a mature market.
Caixin Media
06.22.15Why Fukuyama Still Beats a Drum for Democracy
American author and political scientist Francis Fukuyama has long extolled the virtues of democracy against the backdrop of the Soviet Union’s collapse and the end of the Cold War.Fukuyama’s best-selling book The End of History and the Last Man...
The China Africa Project
06.19.15China’s Controversial Technology Partnership with South Africa
The Chinese and South Africa governments have signed a pact, or a “plan of action,” where Beijing will provide a broad array of technology training, skills transfer, and ICT (information and communications technology) development for South Africa’s...
ChinaFile Recommends
06.19.15Chinese Stocks Drop 10% From Peak
Bloomberg
China’s benchmark stock index tumbled from this year’s peak amid growing concern that the country’s longest-ever bull market has propelled valuations to unsustainable levels.
ChinaFile Recommends
06.18.15China will welcome only anti-independence candidate for Taiwan president
Reuters
For upcoming Taiwan presidential election, China will only accept anti-independence candidates.
ChinaFile Recommends
06.18.15Electing the Chief Executive: Hong Kong’s Political Reform Voted Down
South China Morning Post
Hong Kong's 2017 Chief Executive election proposal promises "one man, one vote."
Caixin Media
06.17.15Is China Knocking on Deflation’s Door?
China’s last war against deflation was waged in 1998, the year the nation’s consumer price index and producer price index suddenly plunged in tandem.The central government responded by launching economic and administrative reforms, hastening steps...
ChinaFile Recommends
06.15.15China’s Unsettling Stock Market Boom
New York Times
After a peak in October 2007, prices fell about 70 percent over 12 months. This time, the risks are bigger and broader.
ChinaFile Recommends
06.12.15Investors Flee China Funds in Historic Rush
CNN
Chinese funds just experienced the biggest exodus of money ever.
ChinaFile Recommends
06.10.15China’s Troubling Robot Revolution
New York Times
China may face a staggering challenge as it attempts to adapt to the realities of a new age.
Books
06.10.15China’s Millennials
In 1989, students marched on Tiananmen Square demanding democratic reform. The Communist Party responded with a massacre, but it was jolted into restructuring the economy and overhauling the education of its young citizens. A generation later, Chinese youth are a world apart from those who converged at Tiananmen. Brought up with lofty expectations, they’ve been accustomed to unprecedented opportunities on the back of China’s economic boom. But today, China’s growth is slowing and its demographics rapidly shifting, with the boom years giving way to a painful hangover.Immersed in this transition, Eric Fish, a millennial himself, profiles youth from around the country and how they are navigating the education system, the workplace, divisive social issues, and a resurgence in activism. Based on interviews with scholars, journalists, and hundreds of young Chinese, his engrossing book challenges the idea that today’s youth have been pacified by material comforts and nationalism. Following rural Henan students struggling to get into college, a computer prodigy who sparked a nationwide patriotic uproar, and young social activists grappling with authorities, Fish deftly captures youthful struggle, disillusionment, and rebellion in a system that is scrambling to keep them in line—and, increasingly, scrambling to adapt when its youth refuse to conform.—Rowman & Littlefield{chop}
ChinaFile Recommends
06.09.15The $6.5 Trillion China Rally That’s Making Stock-Market History
Bloomberg
The sum is the value created in just 12 months of trading on Chinese stock exchanges, a rally some say has gone too far.
ChinaFile Recommends
06.09.15Uber Spends Heavily to Establish Itself in China
New York Times
Fat with almost $6 billion in venture capital, San Francisco-based Uber is doling out bonuses up to three times its fares.
ChinaFile Recommends
06.08.15Americans Buy a Fifth of China’s Exports
Bloomberg
Americans bought almost $1 out of every $5 worth of goods that China exported in May, the highest share since August 2010.
ChinaFile Recommends
06.08.15Alibaba’s Jack Ma Visiting U.S. to Lure Businesses Into China
Bloomberg
Ma is looking for revenue beyond China, where the nation’s economy is projected to grow at its slowest pace since 1990.
Reports
06.08.15China’s “New Normal”: Structural Change, Better Growth, and Peak Emissions
American Enterprise Institute for Public Policy Research
China has grown rapidly—often at double-digit rates—for more than three decades by following a strategy of high investment, strong export orientation, and energy-intensive manufacturing. While this growth lifted hundreds of millions out of poverty,...
ChinaFile Recommends
06.05.15Media
06.02.15Chinese Netizens to Fiorina: You’re Right, We Don’t Innovate
Carly Fiorina, the former CEO of Hewlett-Packard and a declared Republican candidate for U.S. president, evidently has strong opinions about the capacities of Chinese people. “Yeah, the Chinese can take a test,” Fiorina told an Iowa-based video blog...
ChinaFile Recommends
06.01.15Made in Chindia: Giants Take Different Manufacturing Paths
Bloomberg
Made in Chindia: Giants take different manufacturing paths http://www.livemint.com/Politics/5dpo7KGpdaYBigaTctF8BJ/Made-in-Chindia-Giants-take-different-manufacturing-paths.html
Reports
06.01.15Demand-Driven Data: How Partner Countries are Gathering Chinese Development Cooperation Information
United Nations
As China becomes one of the major development partners and South-South cooperation (SSC) providers globally, there is increasing demand from partner countries for more information on China’s financial flows. China has been taking initiatives to...
Reports
06.01.15Chinese FDI in Europe and Germany
Mercator Institute for China Studies
The authors have—on the basis of a unique transaction dataset—analyzed the newest trends of Chinese direct investment in Germany and the E.U. The study is able to clearly establish that the new wave of Chinese investment offers exceptional...
Media
05.29.15Is the Shanghai Stock Market Bubble Finally Bursting?
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a...
Two Way Street
05.28.15What China’s Lack of Transparency Means for U.S. Policy
from Two Way Street
I am a political scientist and former diplomat who has studied China for more than forty years, and yet I still can’t answer some of my students’ most basic questions about China’s policy-making process. Where—in which institutional arena and at...
Caixin Media
05.26.15Time for Reform Advocates to Step to the Fore
As the reform of China’s economy and society deepens, attention is turning to the people tasked with the job of spearheading and carrying out change. Thus, it was gratifying to hear the call by President Xi Jinping, made at the 12th meeting of the...
ChinaFile Recommends
05.25.15Chinese Stocks Surge Most Since 2008 for World’s Biggest Rally
Bloomberg
Rally buoyed by optimism around government plans to boost foreign access to the nation’s markets.
Environment
05.21.15China’s Role in Illegal Trade of Toxic E-Waste Rising Sharply
from chinadialogue
Discarded smartphones and other gadgets are poisoning the environment and people in developing countries, where most of the world’s electronic waste (e-waste) is being dumped illegally and now involves criminal gangs, the UN’s environment arm warned...
ChinaFile Recommends
05.21.15This American VC Thinks He’s Getting Out of China Just in Time
Bloomberg
The 52-year-old began venture investing in China in 2009 and ended up putting money into 50 startups.
ChinaFile Recommends
05.21.15Why the U.S. Needs to Listen to China
Atlantic
And why China needs to listen to the U.S. The importance of the mutual economic criticisms between two major world powers.
The China Africa Project
05.21.15The Dark Side of Chinese Investment in Africa
Sam Pa is a mysterious man, largely unknown to the outside world. Yet Pa, who goes by at least seven different aliases, represents the nefarious side of China’s engagement in Africa. Sam Pa and his associates in the Hong Kong-based consortium known...
ChinaFile Recommends
05.21.15PLA Daily Warns of Internet's Revolutionary Potential
Xinhua
The military should not only safeguard traditional national sovereignty and security, but also "protect ideological and political security on the invisible battleground of the Internet".