Eye on China on Flipboard

By James Skywalker | Curated China News & Selected Stories

Chinese Investors Pouring Money Into Texas Real Estate

With investors nervously watching the Shanghai stock market, Chinese are the now biggest foreign buyers of American real estate, and they are setting their sights on the biggest state in the Lower 48.

Texas is seeing a huge influx of Chinese buyers, both investors and owner occupants, thanks to more …

Real Estate

Baidu profits miss expectations

China's biggest online search engine Baidu missed analysts' expectations as profits took a hit from investment redirected elsewhere.

Its operating profit was $559m in the three months to 30 June, down 2.5% on the same period last year.

The company found its core search engine business less profitable …

Investing

Chinese Christians Vow To Make Thousands More Crosses Amid Crackdown

A provincial government’s campaign has torn down more than 1,200 crosses from churches in China since late 2013.

Christians from eastern China’s Zhejiang Province are making thousands of small crosses and painting them red, as a way to protest against the local government’s sometimes violent …

Asia

Rights Advocates, and a Monk, Oppose Beijing’s Winter Olympics Bid

With just days to go before the International Olympic Committee decides whether Almaty, Kazakhstan, or Beijing will host the 2022 Winter Olympics, human rights advocates are waging a vigorous campaign to dissuade the committee from choosing China, citing a widening crackdown on rights defense …

Olympics

Wary Chinese investors are ditching stocks for real estate

The Chinese government’s determined efforts to recreate a bull market in stocks—perhaps we should call it a mechanical bull?—are getting pretty bumpy, as the Shanghai Composite’s 8.5% drop today attests. If Beijing is hoping for ordinary investors to pile back in to the market, the cause might …

Stocks

Small reefs, big problems

Asian coastguards are in the front line of the struggle to check China

EVERY ten or so days, and rarely at weekends, the Chinese coastguard arrives at …

Asia

China’s Stock Market Crashes Again as Panicking Sellers Lose Faith

Beijing is struggling to rein in the self-preservation instincts of small investors

All that’s left to happen in China’s stock market is for government leaders to admit they are powerless to stop a selloff.

Monday’s panic selling was the latest example.

The Shanghai stock composite crashed by 8.5%, …

Asia

How China and the U.S. Will Manage Competition for Influence

This article was written in response to Wang Jisi’s “The ‘Two Orders’ and the Future of China-U.S. Relations.”

Wang Jisi is surely right that “the …

Asia

The Chinese government’s massive stock market stimulus is having the opposite effect

China’s stock markets cratered again today, despite the government’s stimulus efforts. The Shanghai Composite Index fell by 8.5% and the Shenzhen A-shares index lost 7% of its value.

Over the past 10 years, today’s drop was the second-worst on record:

The fall comes after the government reported a …

Asia

China’s “new normal” is shifting the country’s economic center of gravity

Setting up shop in China used to be easy; open a flagship store in Beijing or Shanghai, or a factory in Guangdong, see what works, and then roll out to another of the hundreds of cities connecting over a billion people beyond.

But fundamental changes in China’s economy—both planned and …

Asia

Passenger tries to light fire during plane flight in China

A man attempted to set a fire on board a Chinese flight early on Sunday, but was restrained by passengers and crew and taken into custody, the aviation authority said.

It was the latest in a rash of dangerous incidents aboard Chinese flights, including passengers opening emergency exits and fights …

Asia

China Will Struggle In Curbing Rampant Smog, Expert Says

An elderly man exercises in the morning as he faces chimneys emitting smoke behind buildings across the Songhua river in Jilin, Jilin province, …

Asia

Myanmar Illegal Logging Sentencing Strains Relations With China - China Real Time Report - WSJ

Myanmar’s jailing of scores of Chinese allegedly caught illegally logging is deepening a rift between Beijing and Yangon, and highlighting the stress on the country’s forests from China’s demand for wood. As WSJ’s Te-Ping Chen reports:

This week, a court in Myitkyina, the capital of the Kachin …

Asia

How Should Vietnam Respond to China's South China Sea Oil Rig Return?

The redeployment of a Chinese oil rig in the South China Sea (SCS) shows an inconsistency in the rhetoric and practice of China’s policy in the …

Asia

China’s Global Ambitions, With Loans and Strings Attached

EL CHACO, Ecuador — Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for a dam and a 15-mile underground tunnel. The $2.2 billion project will feed river water to eight giant Chinese turbines designed to produce enough …

Asia

Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here

If you are looking for a “canary in a coal mine” type of warning for the entire global economy, you have a whole bunch to pick from right now. “Dr. …

Asia

Beijing Practices Invasion of South China Sea Islands

The Chinese Navy just deployed the world’s biggest hovercraft for an assault drill on Hainan Island.

Asia

China may bring in 'two-child policy' to tackle demographic timebomb

Thirty-five years after enacting draconian birth control rules blamed for millions of forced abortions and the creation of a demographic “timebomb”, China could be on the verge of introducing a two-child policy. The new regulation, under which all Chinese couples would be allowed to have two …

Asia

Myanmar jails 153 Chinese illegal loggers for life

A court in northern Myanmar has sentenced 153 Chinese nationals to life in prison for illegal logging.

The group were arrested in January in Kachin state, close to the Chinese border, during a military operation to crack down on illegal logging.

Two 17-year-old boys were also given 10-year jail …

Asia

The hidden danger of China’s stock market bubble

In the year since June 2014, around 23 trillion yuan ($3.7 trillion) suddenly appeared in the Chinese stock markets. And then, even more quickly than they gushed in, trillions of those yuan simply evaporated.

But where did those trillions of yuan come from? Not from corporate earnings; sagging sales …

Asia

China, Both Major Cause of and Potential Solution to Illegal Logging

It is still possible to limit average global temperature rise to two degrees Celsius (2˚C) and avoid catastrophic climate change, but the remaining …

Asia

China needs to get its people to spend—and that’s a lot harder than it sounds

There’s one really big problem with China’s 1.3 billion customers: They don’t spend enough. Even as China’s economy has soared, the share of output coming from consumption has nosedived. Over the last decade or so, that’s sapped many trillions of dollars from the global economy.

It has also left …

Asia

China's Global 500 companies are bigger than ever—and mostly state-owned

China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.

Take a look at the number of Chinese companies on this year’s Fortune Global 500 list and it’s hard not to come away impressed—even a bit intimidated. Ninety-eight companies are …

China

China's Latest Ground Zero for Property Glut: Shenyang

Move aside, Ordos. China has a new ground zero for overbuilding.

The northeastern Chinese city of Shenyang recently ranked last on a list of 36 major cities in terms of investment and development prospects, weighed down by sluggish economic growth and oversupply of buildings. The list was drawn from …

Asia

China’s Assertiveness Could Worsen, Japan Military Chief Warns

Admiral Kawano sees a worrying future as Beijing seeks to expand its regional reach.

Asia

China Should Not Declare New South China Sea ADIZ: Top Chinese Expert

One of the country's leading experts admits this should be on Beijing’s ‘should not do’ list.

Asia

China says 'malicious' Japanese defence review creates tension in Asia-Pacific

China has described Japan’s annual defence review as misleading and malicious, saying it overplayed the “China military threat” and stoked tensions between the two east Asian powers.

Beijing said it reserved the right to a “necessary reaction” after Japan issued a review that called on China to stop …

China

Q. and A.: Andrew G. Walder on ‘China Under Mao’

Andrew G. Walder is a sociologist at Stanford University who has written extensively on the Cultural Revolution and life in Maoist China. His latest book, “China Under Mao: A Revolution Derailed,” published this year by Harvard University Press, incorporates the latest scholarship on this …

Asia

China injects massive funds into policy lenders: report

China’s central bank and finance ministry will inject billions of dollars into the country’s policy banks, Caixin reported on Tuesday without specifying the source of its information.

The People’s Bank of China will inject $45-billion into the Export-Import Bank of China (EXIM) and the finance …

Asia