The rise of populism in Europe and the United States has had a pronounced impact on domestic politics and foreign policy, as seen in Brexit and the election of Donald Trump. In China, leaders are unsettled by the nationalist and anti-...
When journalist Scott Tong moved to Shanghai, his assignment was to start up the first full-time China bureau for Marketplace, the daily business and economics program on public radio stations across the United States. But for Tong, the move became much more—it offered the opportunity to reconnect with members of his extended family who had remained in China after his parents fled the communists six decades prior.
President Xi Jinping wasn't present at this year's World Economic Forum meeting in Davos, Switzerland, but the impact of his speech championing globalization at last year's gathering lingered.
Can financial turmoil in China play havoc with the rest of the world? It has already happened.
In a speech at this year’s annual meeting of the World Economic Forum in Davos, Xi Jinping said choosing protectionism was akin to “locking yourself in a dark room.” But his rhetoric doesn’t square with reality, multinationals say.
The firms, among China’s most important tech giants, are overseeing the merger of two companies they back. Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan — both have raised funds from Alibaba, and Tencent...
China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale.
This month, Chinese naval vessels departed the port of Zhanjiang for the East African country of Djibouti, the site of China’s first overseas military base, which is set to begin operations later this year. An editorial in the state-run ...
Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy.
Chinese President Xi Jinping and 29 other heads of state on Monday reaffirmed their commitment to build an open economy and ensure free and inclusive trade, under the ambitious Belt and Road initiative led by Beijing.
China is pledging more than $100 billion to finance projects under its “One Belt, One Road” strategy, an ambitious initiative to strengthen the world’s second-largest economy’s investment, influence and trade links to the rest of the globe.
World leaders are gathering in Beijing this weekend for a big summit touting China’s infrastructure spending spree to connect Europe, the Middle East, Asia, and Africa. The project, known as the Belt and Road Initiative—or “One Belt, One Road” (...
In this edition of the China in Africa podcast, we pull the focus back to look at China’s rapidly evolving foreign policy agenda in this new era of Western populism led by Donald Trump in the United States.
François...
Long before London and New York rose to international prominence, a trading route was discovered between Spanish America and China that ushered in a new era of globalization. The “Ruta de la Plata,” or “Silver Way,” catalyzed economic and cultural exchange, built the foundations for the first global currency, and led to the rise of the first “world city.” And yet, for all its importance, the Silver Way is too often neglected in conventional narratives on the birth of globalization.
U.S. President Donald Trump is “not anti-China” but any move away from globalization by the White House could be a concern to businesses across the world, the chief executive Lenovo told CNBC on Tuesday.
Chinese president Xi Jinping has vowed for the first time that China should take the lead in shaping the “new world order” and safeguarding international security, one of the latest moves putting him in stark contrast to Donald Trump and the U.S...
Beijing holds trillions of dollars in U.S. debt and any trade disruption could lead to huge price rises in the budget stores on which many Americans rely
China has a chance to become a full-fledged superpower if it responds to the Trump presidency by opening up more to the world economically and politically.
Xi Jinping sees a window as Donald Trump stirs masses with slogans
Xi Jinping tries to charm the capitalist elite
A hidden bounty of benefits for Foxconn’s plant in Zhengzhou, the world’s biggest iPhone factory, is central to the production of Apple’s most profitable product
Now, more than ever, working-class Chinese fret about rising inequality, the impact of mass migration from the countryside into cities and job losses
Trip has yet to be officially announced but preparations well underway for Chinese head of state’s visit to World Economic Forum in Switzerland
You can kill 1,000 enemies, but you would also lose 800 soldiers
The 2016 U.S. presidential election ended with the surprise victory of property mogul Donald J. Trump. An outsider without a political track record, Trump defied predictions by most polls, pundits, and political observers when he defeated Hillary...
The chairman of Fuyao Group, the biggest auto glass maker in China, rose from poverty by riding the same wave of globalization that devastated Moraine, Ohio
In contrast with the developed West, globalization and economic integration remain popular in the world’s two largest developing countries—India and China.
Fakes, knockoffs, pirate goods, counterfeits: China is notorious as the global manufacturing center of all things ersatz. But in the first decade after the...
Factory jobs are on the rise here, and many of these new jobs are coming back to North America from China.
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...
Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges.
The economy increased by 7.3 percent in the last quarter of 2014 and 7.4 percent for the full year, the country’s National Bureau of Statistics said Tuesday. While many countries would welcome such growth, the rate fell short of the government’s...
The Chinese city of Yiwu, about 250 kilometers from Shanghai, is often referred to as China’s “Christmas village” thanks to the massive amount of holiday-related merchandise made there. Xinhua, China’s state-news agency, claims that 60% of the...
Amid consolidation chatter in the U.S., the owner of exhibition giant AMC says it plans to become a “real” multinational company and “intensify” its investment in the entertainment sector globally.
As the global travel industry rolls out the welcome mat for China's surge of outbound tourists, it should consider tipping the scales in their customers' favor.
Anyone living in China doubtless has a sense of the unholy number of people who seem to be involved in the trash trade here, and who will ferret away everything from your cardboard boxes to plastic bottles faster than you can unpack them or...
When you drop your Diet Coke can or yesterday’s newspaper in the recycling bin, where does it go? Probably halfway around the world, to people and places that clean up what you don’t want and turn it into something you can’t wait to buy. In Junkyard Planet, Adam Minter—veteran journalist and son of an American junkyard owner—travels deeply into a vast, often hidden, multibillion-dollar industry that’s transforming our economy and environment.
Forget the G-7 and the G-20; we are entering a leaderless "G- Zero" era—with profound implications for every country and corporation. The world power structure is facing a vacuum at the top. With the unifying urgency of the financial crisis behind us, the diverse political and economic values of the G-20 are curtailing the world's most powerful governments' ability to mediate growing global challenges. There is no viable alternative group to take its place. The United States lacks the resources and the political will to continue as the primary provider of global public goods.
More than two-thirds of the new airports under construction today are being built in China. Chinese airlines expect to triple their fleet size over the next decade and will account for the fastest-growing market for Boeing and Airbus. But the Chinese are determined to be more than customers. In 2011, China announced its Twelfth Five-Year Plan, which included the commitment to spend a quarter of a trillion dollars to jump-start its aerospace industry. Its goal is to produce the Boeings and Airbuses of the future.
Mainstream media and the U.S. government regularly target China as a threat. Rather than viewing China’s power, influence, and contributions to the global economy in a negative light, Ann Lee asks: What can America learn from its competition? Why did China suffer so little from the global economic meltdown? What accounts for China’s extraordinary growth, despite one of the highest corporate tax rates in the world? How does the Chinese political system avoid partisan rancor but achieve genuine public accountability?
World-renowned economist Vijay V. Vaitheeswaran provides a deeply insightful, brilliantly informed guide to the innovation revolution now transforming the world. With echoes of Clayton Christensen’s The Innovator’s Dilemma, Tim Brown’s Change by Design, and Jared Diamond’s Guns, Germs, and Steel, Vaitheeswaran’s Need, Speed, and Greed introduces readers to the go-getters, imagineers, and visionaries now reshaping the global economy.
There is nowhere else in the world quite like Chungking Mansions, a dilapidated seventeen-story commercial and residential structure in the heart of Hong Kong’s tourist district. A remarkably motley group of people call the building home: Pakistani phone stall operators, Chinese guesthouse workers, Nepalese heroin addicts, Indonesian sex workers, and traders and asylum seekers from all over Asia and Africa live and work there—even backpacking tourists rent rooms. In short, it is possibly the most globalized spot on the planet.
Art, politics, and commerce are intertwined everywhere, but in China the interplay is explicit, intimate, and elemental, and nowhere more so than in the film industry. Understanding this interplay in the era of market reform and globalization is essential to understanding mainland Chinese cinema. This interdisciplinary book provides a comprehensive reappraisal of Chinese cinema, surveying the evolution of film production and consumption in mainland China as a product of shifting relations between art, politics, and commerce.
The economic rise of China and the growing network of trade and investment relations in northeast Asia are causing major changes in human, economic, political, and military interaction among countries in the region. This is affecting U.S....
