It is not a big secret that Chinese banks are not the most helpful of institutions to deal with. However, an expat in Shanghai found that out in a more troubling way than most people have ever experienced. It was so bad he took the laudable step of suing the bank, and actually winning the case.
After a bomb from a Burmese aircraft killed four Chinese near the China-Burma border, many Chinese have been expressing their outrage on the Internet -- not only against the Burmese government but against their own for not taking a harder stance.
The UK’s decision to join China’s new alternative to the World Bank has disrupted London’s “special relationship” with the US and left seasoned Sinologists and diplomats scratching their heads.
Much of the commentary on China today assumes that the country’s economy is trapped in a depressing trade-off: Either it piles on more debt and exposes itself to financial crisis, or it curtails credit and risks the kind of slowdown that could provoke a social backlash. But this narrative overlooks the potential for structural reforms to provide China with an escape route out of its debt problems.
Wolf Totem is in many respects a special movie. Not only the story presented is very exceptional – the story surrounding the movie is also extremely peculiar in certain ways.
China’s manufacturing industry was in news again recently, but this time not for its global reach and dominance. During the Spring Festival holiday this year, many Chinese tourists to Japan brought back a good number of Japanese electronic toilet seats and rice cookers. This created a wave of debate and prompted Chinese commentators to rebuff the claim that Japanese goods are of superior quality, while defending Chinese manufacturers. Indeed, the issue points to the ironic situatio…
Tensions between Hong Kong residents and mainland visitors took a nasty turn in February with angry protests, a stark reminder that the relations between some Hong Kong locals and mainland visitors are getting worse and some urgent action is needed.
Sadly, shortly after the release of the documentary, one could also hear people blaming her for sensationalism and distortion of facts.
Huge increases in private sector credit preceded many financial crises.
A new advertising service launched by WeChat last month has created a lot more controversy than the company might have imagined. WeChat sent different ads targeted at different groups of users, which was a normal business practice, until it was revealed that the ads differentiated users according to their perceived preferences and economic status.