On the hunt for a factory to manufacture her "smartwatch for Grandma," Jean Anne Booth headed to China recently to check out several facilities. "If you're going to build that level of technology, China is really the place to go for cost effectiveness and capability for what it is we're doing," said Booth, the CEO of four-employee UnaliWear, a two-year-old firm in Austin, Texas.
Xi Jinping and Barack Obama will have a lot to talk about when the Chinese president makes his first state visit to Washington next week, which will take place between Xi’s tech-focused swing through Seattle and an appearance at the U.N. General Assembly in New York.
The west's bears have always well outnumbered the bulls when it comes to the Chinese economy. A new problem is all too often seen as an intimation of impending crisis, a hard landing, consequent social instability, and perhaps the eventual collapse of the regime. Dream on.
The Chinese yuan has stabilized after its devaluation against the U.S. dollar in August. Our base case is that China has sufficient financial firepower to avoid an uncontrolled depreciation and/or an associated economic hard landing. However, markets should not dismiss risks surrounding the yuan and what its value implies about Chinese economic health – as well as knock-on implications for other emerging market currency regimes.
The steady drumbeat of news of China’s macro-economic slowdown has continued, taking Chinese equity markets down seemingly with each headline. Meanwhile, the US stock markets have been hit hard in sympathy, with investors clearly worried about the impact a slowdown in China may have on the global economy. With this tumult, we’ve seen a chorus of negative sentiment from leading Silicon Valley voices regarding China.
What's China going to do about its yuan problem? The issue has become urgent after China's foreign exchange reserves dropped by a record $US94 billion ($135.7 billion) last month as the People's Bank of China intervened heavily in foreign currency markets in order to prop up the yuan.
Last month, Dalian Wanda, one of the most outward facing corporates in China, bought the organiser of the Ironman triathlons from a US private equity firm for $650m.
The Pentagon has laid down a fresh marker against China’s worrisome land reclamation effort in the South China Sea. In a congressionally mandated report published last week, the Defense Department outlined a strategy for maritime security in the Asia-Pacific that attempts to counter China’s provocative behavior. The real tests will come later, but they are clearly coming.
To understand China’s surprise currency devaluation, you need context.
The sudden fall in China’s currency last week spurred a lively debate about whether the move was a victory for market reform or a competitive devaluation designed to shore up flagging exports.
Japanese Prime Minister Shinzo Abe drew global attention on Friday in one of Japan’s biggest moments in recent years. But there is nothing to be proud of, as the world is inspecting the trustworthiness of the Japanese government over historical issues.
Two days after the People’s Bank of China surprised the world by letting the renminbi slide, investors and policymakers are still puzzling over whether it was a benign move towards a market-driven exchange rate or a competitive devaluation.
Here are two things that China’s government wants very badly: first, for its economy to remain on an even keel, keeping growth and employment high. Second, for its currency, the renminbi, to become globally pre-eminent, helping promote the country’s diplomatic goals and solidifying the country’s centrality to the global economy.
Many candidates running for president of the US have been railing at the threat posed by China and its potential to hold the US economy hostage.
A funny thing happens if you ask people in different countries to name “the world’s leading economic power,” as Pew Research Center began doing in 2008.
The Olympic flame will come to China again in 2022 as the country won the right to host the Winter Games after beating the only contestant Almaty of Kazakhstan, bordering China’s Xinjiang province in the west. Having successfully hosted the 2008 Olympic Games, Beijing becomes the first city ever to host both summer and winter games. China also played host to the 2014 Youth Olympic Games, held in Nanjing. The 2022 games venues will be split into three different places. Zhangji…
It's official. China is now at war, a war between the old economic establishment and the new camp of business backed by technology giants and innovators.
China’s stock-market crash has raised fears of global contagion not witnessed since the 2008 financial crisis. Such fears are misplaced. Share prices dropping, even to the extent seen this past week, doesn’t mean Beijing won’t hit its 7% GDP growth target or will abruptly cease implementing its ambitious monetary and fiscal stimulus programs.
According to various media reports, the Chinese government is currently reviewing its one-child policy, which has been in place since the early 1980s in a bid to control the population growth. The policy was adopted by the leadership under Deng Xiaoping in 1978, with the aim to alleviate social, economic and environmental problems attributed to explosive population growth. The controversial policy, also euphemistically called family planning policy, was never really a single-child policy…
Ever since China started to grow very rapidly, there have been those who have seen it as heading for a fall. Today is no exception. By contrast, I believe that it will continue to grow strongly for many years to come — albeit not quite so fast as before —and with a few bumps on the way.