Alibaba Duels With Tencent for Online Dominance in China

Two of China’s richest men are intensifying their rivalry over the world’s biggest Internet market. Both have made purchases and encroached on each other’s established markets in the battle for dominance of the country’s online spending. ...

Environment
08.07.13

China’s Abandoned Steel Mills Are a Threat to Public Health

from chinadialogue

China’s steel industry has been in trouble since 2011, with numerous bankruptcies nationwide. The city of Tangshan in Hebei province has been no...

China Fines 6 Milk Suppliers in Price-Fixing Probe

 China announced Wednesday it has fined six milk suppliers, including Mead Johnson and New Zealand’s Fonterra, a total of $108 million for price-fixing after an investigation that shook the country’s fast-growing dairy market.

The Changing State of Smartphone Competition in China

Xiaomi has released a new Android phone so agressively priced, it could cause damage to competitors and other component suppliers. Consequently, Apple’s iPhone is no longer the most sought out phone in the country. 

China Box-Office Standoff: Cabinet to Discuss Tax Issue

China’s State Council, or cabinet, will discuss ways to resolve a tax standoff that has delayed box-office payments to Hollywood for months and jangled the nerves of overseas producers keen to access the world’s second-biggest film territory....

Caixin Media
08.05.13

County in Shaanxi in a Deep Hole as Mining Bubble Pops

A financial crisis triggered by falling coal prices is brewing in Shenmu County, in the northwestern province of Shaanxi.

Construction projects have been halted, universal health care has run into payment problems and many private bankers...

The Price of ‘Made in China’

The $34 milllion in steel production and fabriation needed to refurbish North America’s longest suspension bridge, the Verrazano-which connects Brooklyn and Staten Island has been outsourced to China.

China Bans Milk Powder of Two South Pacific Nations

Nearly 90 percent of China’s $1.9 billion in milk powder imports last year originated in New Zealand. Economists said a prolonged ban could produce a shortage of dairy products in China, including foreign-branded infant formula.

Chinese Court Rules Against J&J in Monopoly Suit

Health care giant Johnson & Johnson has become the latest global company accused of misconduct in China after a court ordered it to pay damages to a distributor in a lawsuit brought under an anti-monopoly law.

Now Playing: China’s Booming Movie Market

In China, where pirated movies can be bought for less than $1, people are flocking to theaters, a sign of how Chinese consumers are willing to spend more on entertainment.

Books
07.31.13

Pacific Crossing

During the nineteenth century, tens of thousands of Chinese men and women crossed the Pacific to work, trade, and settle in California. Drawn by the gold rush, they brought with them skills and goods and a view of the world that, though still Chinese, was transformed by their long journeys back and forth. They in turn transformed Hong Kong, their main point of embarkation, from a struggling, infant colony into a prosperous, international port and the cultural center of a far-ranging Chinese diaspora.

Conversation
07.30.13

Is Business in China Getting Riskier, Or Are Multinationals Taking More Risks?

Arthur R. Kroeber, David Schlesinger & more

Arthur Kroeber:

The environment for foreign companies in China has been getting steadily tougher since 2006, when the nation came to the end of a five-year schedule of market-opening measures it pledged as the price of admission...

Africa Wants Jobs From China

It is true China’s boom has brought many benefits to Africa. But in many countries, China’s demand for ore, timber and oil is forcing African states to specialise at the bottom of the value chain in areas with low productivity gains....

Drug Research in China Falls Under a Cloud

A leaked document related to the recent G.S.K. scandal underscores the problems that can arise when major drug companies export their scientific development to emerging markets like China.

 

Caixin Media
07.22.13

Liberal Urge Gaining Support for Bank Policy

The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.

Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government...

Hershey Takes a Bite Out of China’s Huge Candy Market

Hershey attempts to to break into China’s candy market by figuring out what qualities the Chinese like in their sweets. Hershey’s research shows the Chinese prefer salty flavors, nuts and chocolate that is not as sweet as what is sold in...

China Pushes Europe to Lower Hurdles to Solar Deal

A European Commission document dated July 12 said China wants any solar agreement to expire by the end of 2014, that the so-called certain parts of the panels should be excluded from tariffs and that any cap on Chinese exports should be...

Viewpoint
07.16.13

CFIUS and the U.S. Senate’s Anti-China Bug

Samuel Kleiner

Last week, senators from both parties finally came together for a common objective: stopping the $4.7 billion sale of America’s largest pork producer to China. Their reason? The sale of Smithfield Farms to a Chinese company, Shuanghui, could pose...

Conversation
07.16.13

What’s the Senate’s Beef with China’s Play for American Pork?

Arthur R. Kroeber, Steve Dickinson & more

Last week the U.S. Senate held hearings to question the CEO of meat-producer Smithfield Farms, about the proposed $4.7 billion sale of the Virginia-based company to Shuanghui International, China’s largest pork producer. The sale is under review...

Google’s Greater China President Steps Down

Google Inc. said on Monday that its vice-president and Greater China president, Liu Yun, has stepped down to be replaced by Scott Beaumont, who currently runs the company’s partnerships business in...

Training Future Macau Casino Bosses

Macau opened its doors to major U.S. investors like Sands and Wynn Resorts when it liberalized its casino industry in 2002. It now has at least 35 casinos employing more than 81,000 staff, mostly expatriates. 

 

Caixin Media
07.16.13

As Red Cross Probe Stumbles, Critics See Red

Two box lunches—and nothing more. Yuan Yue says that’s what the Red Cross Society of China has frugally handed out so far to each member of a special committee assigned to investigate the charity group’s finances.

But critics of the special...

Media
07.15.13

A Rite of Passage to Nowhere

Ying Zhu & Frances Hisgen

Tiny Times, a Chinese feature film set in contemporary Shanghai, made headline news on its opening day in late June by knocking the Hollywood blockbuster Man of Steel from its perch atop the domestic box-office and breaking the...

China’s Blackout of U.S. Media Can No Longer Be Ignored

Web censorship is not just an inconvenience but also a reminder that many leading U.S. media and technology companies are excluded, or largely excluded, from one of the world’s largest markets and this country’s largest trading partner....

China Likely to Lift Foreign Game Console Ban

China is expected to soon end a 13-year ban on the sale of gaming consoles with only one key condition: foreign firms like Sony, Nintendo and Microsoft must make their products in Shanghai’s new free trade zone.

 

CSRC Opens Chinese Audit Papers to the U.S. for 1st Time

The China Securities Regulatory Commission has finished arrangements of auditing working papers of a Chinese company, and is ready to transfer them to U.S. Securities and Exchange Commission, the state-run Shanghai Securities News reported on...

Economists See Further Slowdown in China

China’s continued slowdown is bad news for the global economy, as the U.S. recovery remains slow and the euro zone is mired in recession. At the same time, with export sales looking weak, Chinese manufacturers have little reason to invest...

Caixin Media
07.08.13

Central Bank Raises the Red Flag over P2P Lending Risks

A recent report by the central bank about peer-to-peer (P2P) lending websites in China has shed light on some severe problems in the business for which there is, as yet, little regulation.

The original idea for P2P lending websites was...

Environment
07.03.13

Understanding China’s Domestic Agenda Can End U.N. Climate Gridlock

from chinadialogue

Li Shuo of Greenpeace China has recently argued on chinadialogue that U.N. climate talks can drive more ambitious greenhouse...

What Will Get Chinese People to Sip Bubbly?

Though China is the world’s fifth-largest wine market, people just don’t go for bubbly that much. Moët Hennessy is trying to alter that trend by opening a new French chateau in poor and predominantly Muslim Ningxia.

 

Caixin Media
07.01.13

Renewed Growth on the New Third Board

The State Council announced on June 19 that it would expand the New Third Board, an over-the-counter (OTC) market for non-listed companies’ shares, to include all small and medium-sized enterprises (SMEs) nationwide.

One of the experts...

Media
06.27.13

Jackie Chan—The Young Master Comes of Age

Jaime Wolf

Once in a while, if you’re lucky, and paying the right kind of attention, events align to give you a clear view of the future. In 1995, I was in Los Angeles staying with a friend who produced independent films and had the trade magazines ...

Caixin Media
06.25.13

Legal, Economic Reforms Important At Coming Party Session

China’s blueprint for economic reform is finally taking shape. The government has appointed a taskforce to draft the plans, ahead of the third plenary meeting of the 18th Central Committee. With the country’s economy at the crossroads, these...

Conversation
06.21.13

How Should the World Prepare for a Slower China?

Arthur R. Kroeber & Patrick Chovanec

Get Ready for a Slower China

The recent gyrations on the Chinese interbank market underscore that the chief risk to global growth now comes from China. Make no mistake: credit policy will tighten substantially in the...

Markets Slump Over Fed Exit Plan and China Credit Squeeze

Just a day after the Federal Reserve hinted that it could soon begin winding down its bond-purchasing program, investors were unnerved by reports that Chinese banks had become reluctant to lend to one another, causing interest rates in the...

A Chinese Acquirer in a Poke

After weeks of speculation about whether Washington politicians would oppose the acquisition by a Chinese company of America's largest pork producer, a challenge to the deal is emerging from another quarter—the market.

What Paintbrush Makers Know About How to Beat China

Chinese manufacturers long ago wreaked havoc on the U.S. textile, apparel, toy and electronics industries, but the disruption came slowly to the brush business. Companies have employed two strategies to stave off Chinese competition: 1) change...

Caixin Media
06.18.13

Will Bond Market Tidying Trigger Clean Sweep?

China’s financial regulators are rewriting rules for the interbank bond market after criminal investigations early this year led to the arrests of several well-known bond traders and exposed serious flaws in the market’s supervision system....

Conversation
06.13.13

Who’d You Rather Be Watched By: China or the U.S.?

Tai Ming Cheung, Andrew J. Nathan & more

Reports of U.S. gathering data on emails and phone calls have stoked fears of an over-reaching government spying on its citizens. Chinese artist...

International Revenue for Chinese Films Fell by Half in 2012

Titled “Silver Paper: Report on International Spread of Chinese Movies 2012,” the survey found that only 75 domestic productions were sold overseas last year, generating rights fees and ticket sales of $172.8 million (1.06 billion yuan)....

‘Monsters University’ to Open Shanghai Festival

Monsters University will make its bow in China as the opening film of the Shanghai International Film Festival. The premiere adds to Pixar’s major publicity blitz in pushing Monsters University in China. ...

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