Losses mount in China loan fraud
Investigators in China are struggling to get to the bottom of a growing form of fraud, amid reports of steel makers using letters of credit for iron-ore shipments as a source of funding to by-pass lending curbs. - Michael Lelyveld
(Jul 22, '14)
Macau gambles away its future
Casinos in Macau now earn seven times more than their Las Vegas counterparts, in the process creating an economy reliant on Chinese gamblers and a workforce knowledgeable about hotel service and roulette but little else. - Martin Murphy
(Jul 10, '14)
Shanghai free-trade zone reforms falter
Nine months after the launch of Shanghai's free-trade zone to great fanfare, China's showcase economic initiative seems to have landed with a thud. - Michael Lelyveld
(Jul 8, '14)
North Koreans wise up to China smartphones
As smartphone use emerges in North Korea, shops have sprung up in Chinese border cities targeting North Koreans who travel there for shopping. While Chinese phones cost less and offer superior quality to home-grown smartphone models like the "AS1201 Arirang", prospective buyers balk at the complex and expensive process of bringing them home.
(Jun 26, '14)
away its future
The prosperous Chinese region of Macau, whose casinos now earn seven times more than do casinos in Las Vegas, is gambling away its future on the gaming industry - which may be exactly what Beijing wants.
Sino-US trade ties sink over spying row
To Sino-US trade tensions over tariffs, the yuan and dumping disputes must be added the US indictment of Chinese officials for alleged commercial espionage. Renewed focus on cooperation, rather than hostility, would benefit both countries. - Priyanka Pandit
(Jun 13, '14)
CNPC faces pain on Russia gas deal
Nearly three weeks after Russia signed a US$400 billion deal to export gas to China, the terms remain a commercial secret, but at the most commonly suggested starting price of $350 per thousand cubic meters, importer China National Petroleum Corp could face growing losses.
(Jun 10, '14)
China tries new way to measure jobless
The Chinese government has unveiled a new measure of unemployment, acknowledging doubts about the accuracy of official reports that move markets around the world. - Michael Lelyveld
(May 22, '14)
Tech poison killing Chinese
Apple and other big manufacturers are being pressed to swap less-deadly chemicals for the cancerous ones poisoning their Chinese workers, whose predicament is the focus of a new documentary, Who Pays the Price? The Human Cost of Electronics. - Andrew Korfhage
(May 16, '14)
Pitfalls in PPP undercut China's size
A World Bank study on purchasing power parity points to China overtaking the US as the world's biggest economy, but adjusting GDP for purchasing power differences is so filled with problems it is difficult to find any economist who takes these measures very seriously.
(May 9, '14)
Alibaba files for IPO
Alibaba Group, which accounts for about 80% of all e-commerce in China, has filed registration documents for what may be one of the biggest initial public offerings yet in the United States. Until the sale, which may be months off, potential investors have to get to grips with what in fact is up for grabs.
(May 7, '14)
Yue Yuen strike spreads to Jiangxi
A strike by workers at a Yue Yuen shoe factory, one of the biggest in China, in southern Guangdong province has spread to another factory run by the Taiwan-owned company in eastern Jiangxi province.
(Apr 22, '14)
Doubts cloud China's urbanization drive
Nearly a month after China unveiled its ambitious urbanization program, doubts persist about the impact and wisdom of moving more than 100 million rural residents to cities in the next seven years. - Michael Lelyveld
(Apr 15, '14)
Greener energy blossoms in China
China's renewable energy revolution is powering ahead, with 2013 marking an important inflection point where the scales tipped more towards electric power generated from water, wind and solar than from fossil fuels and nuclear. - John Mathews and Hao Tan
(Apr 4, '14)
IMF chases wrong targets in China
The International Monetary Fund is targeting unsound banking practices in China, despite the fact that Chinese Communist Party influence virtually nullifies the threat of bankruptcy for state-owned entities. The real issue is financial repression and a lack of private ownership - problems that require more than piecemeal reforms. - James A Dorn
(Apr 3, '14)
China runs risk with new gas import route
China is planning to start work on a new gas route through Central Asia, in particular Tajikistan, this year despite cross-border conflicts in the region that threaten transport and trade. - Michael Lelyveld
(Mar 26, '14)
Taiwan trade pact
vital for growth
The occupation of Taiwan's legislative chambers by students protesting against the latest proposed trade pact with mainland China highlights the island's changing position in international trade and why it needs regional integration with China and emerging Asia. - Dan Steinbock
(Mar 24, '14)
China struggles with energy over smog crisis
Residents of China's cities can expect little relief from air pollution even as the government raises its targets for energy conservation.
If total energy use keeps rising at current rates, outpacing gains in efficiency, the focus on GDP growth means that smog will only thicken. - Michael Lelyveld
(Mar 20, '14)
China reforms at
a 'critical juncture'
China plans to transform from the world's factory floor to research and development hub will create unprecedented downward pressure on the economy, and the radical reform process will only succeed if state-owned enterprises are opened up to private investment. - Dan Steinbock
(Mar 18, '14)
on show in
Trade was booming at this year's China-Arab Economic Forum in Ningxia Hui Autonomous Region, with Beijing successfully using the region's Islamic heritage to boost the long-neglected local economy and improve links with Arab countries. That success is in stark contrast to similar efforts in restive Xinjiang province.
- Haiyun Ma
(Mar 14, '14)
Default fuels hope for China bonds
No one stepped in to stop Shanghai Chaori Solar Energy Science & Technology becoming the first defaulter in China's onshore corporate bond market last week. That suggests the easy money is over for Chinese companies, and fuels hope that necessary restructuring is on the way. - Andrew M Johnson
(Mar 11, '14)
Premier Li looking short of real power
The opening of China's annual session of parliament was an opportunity for Premier Li Keqiang to present his proposals for the economy, historically a central part of his portfolio. President Xi Jinping's increased powers, however, left the prime minister looking a hollow man.
(Mar 7, '14)
China lending curbs
lift shadow economy
The Chinese government's crackdown on excess and outmoded production, backed by lending limits on state-owned banks, has added new uncertainty to economic growth data as more business is forced off the official books.
- Michael Lelyveld (Feb 18, '14)
Reforms in China:
The impact on growth
Economic reforms recently proposed by China's leaders aim to unlock greater productivity potential in the economy and return the country to a sustainable growth path. But, even assuming they are forcefully implemented, the higher productivity resulting from the reforms will not lead to higher reported GDP growth.
(Jan 30, '14)
China keeps its telecoms sector close
Moves by China to prise the vast, expanding telecoms market away from state-owned enterprises have not overjoyed foreign companies. These firms know that despite Beijing's neoliberal window dressing, telecoms are a strategic sector propped on national security considerations including political stability. - Romi Jain
(Jan 30, '14)
Taiwan's farmers win
key battle to keep land
Taiwanese farmers have secured a landmark court victory in their long fight against expropriation of their fields for projects that use part of the land for infrastructure while other parts are sold to raise funds for construction or local government finance.
- Dennis Engbarth (Jan 21, '14)
China's digital media role raises concerns
Countries across the globe have switched to digital broadcasting. In Kenya, this is giving China an important role both in the technical switch from analog and in the supply of media content, while some local bidders have been excluded from the latter - raising concern among Kenyans over potential repression of the media.
- Miriam Gathigah (Jan 14, '14)
China 'high growth" is a pipedream
Predictions that China, helped by recently proposed reforms, is about to embark on a decade of 7-8 % growth misunderstand the nature of China’s transformation and ignore the history of previous similar growth miracles. It is almost impossible that GDP growth rates over the rest of this decade remain at or close to current levels.
(Jan 6, '14)
All material on this
website is copyright and may not be republished in any form without written
Copyright 1999 - 2014 Asia Times Online
Office: Unit B, 16/F, Li Dong Building, No. 9 Li Yuen Street East,
Central, Hong Kong
11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110