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.
Wang Jisi is surely right that “the main factor determining the future of Sino-American relations will be internal political and economic developments, not the struggle for supremacy in the Asia-Pacific region.” Both governments have other important challenges to meet.
China’s recent stock market meltdown has been one of the biggest economic stories in the recent days. Given the deepening integration of China with the global economy and the impact it exerts on the global scale, the dramatic decline in the markets has generated widespread debate among the media, scholars, experts and public at large, not only about the causes of the crash but also about how it relates to the wider economic model and what it tells us about the future of the country. View…
The first time that former Indonesian trade minister Mari Pangestu heard the Chinese talk about a peaceful rise was in 2000 at the Boao Forum for Asia on the Chinese island of Hainan.
Uniqlo has earned a good reputation as a cheap-chic apparel retailor, but in the recent days its flagship store in Beijing gained unprecedented attention not for its fashion items. Instead, it was because of a short one-minute sex video recorded in a changing room, which went viral and created a sensation on the Chinese Internet.
The World Bank has a message for China's perennial naysayers. At a press conference in Beijing last Friday, the American president of the Washington-based institution Dr. Jim Yong Kim said that China's economy was "the envy of the world," contributing nearly one-third of the global demand and output growth since the onset of the financial crisis in 2008.
Stock markets in China are becoming stable again, but not before the upheaval sent shockwaves around the world, with more and more people raising questions about various aspects of the Chinese economy, including whether the stock market collapse marks the end of the China miracle.
When the US sneezes, an old saying goes, the world catches a cold. That's been nowhere more true than in Asia. But as China's coughing fit grows louder, countries in the region are wondering whether their neighbor's illness will also prove contagious.
The world might be fixated on ISIS, Iran's nuclear aspirations, Greece's economic crash and a belligerent Vladimir Putin.
Everyone knows the Chinese government is desperate to keep stocks from crashing. But this desperate?
Recently, two Chinese top academic institutions displayed poor behavior while fighting for talented students.
In the United States and China both, our big public questions reflect our anxieties about one another, and in recent years the focus has been on the “rise of China.” Since the late 1990s, there have been questions on both sides, with the Chinese wondering “how to manage our rise without antagonizing the U. S.?” and Americans asking, “What will China’s rise mean for our role in the world and our prosperity?”
While world headlines focus on Greece, a far bigger market is gyrating wildly: China.
China’s domestic stock markets may have bounced back Tuesday, but the damage from the panic despite interest-rate and reserve-ratio cuts at the weekend will take longer to heal.
Last week I wrote about the controversial Yulin Dog Meat Festival in Guangxi, which aroused concerns about the quality of dog meat. According to a New York Times interview with the animal protection specialist Peter J. Li, especially rabies was an important health concern for the organizers and consumers at the Dog Meat Festival. A general vigil over food safety is necessary due to recurring food safety scandals in recent times. For example, in 2013 a huge scandal rocked Europe when meat…
Vertiginous levels of debt, industrial overcapacity, slowing growth and deflation: it has seldom been easier to spin a bearish yarn out of China’s economic data. In any fully developed economy this combination would augur an asset price bust or, at best, a spell of extreme volatility.