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China Daily (November 9)

2017/ 11/ 11 by jd in Global News

“Although the differences that had been pestering bilateral ties have not instantly disappeared, the most important takeaway from their talks in Beijing has been the constructive approach to these issues the two leaders demonstrated…. The concordant note struck by Xi and Trump showcased not only the personal rapport they have established, but also consolidated optimism about the prospects for bilateral ties.”

 

Financial Times (March 28)

2017/ 03/ 29 by jd in Global News

“Helped by generous subsidies from Beijing, Chinese industrial fishing fleets are travelling further and further from their depleted home waters to find fish and squid, leading to growing tension with even friendly countries such as Argentina.”

 

Fortune (January 10)

2017/ 01/ 12 by jd in Global News

“China’s air quality has been particularly bad so far this winter. Severe smog or haze episodes have occurred one after another with short breaks in between… Last week, Beijing issued its first-ever red alert for ‘fog’ due to extremely low visibility caused by haze.” While winter weather is a complicating factor, the main blame lies elsewhere. “The reality is that new regulations to curb pollution aren’t enough, and the latest alert signals that China’s government needs to do more.”

 

LA Times (December 4)

2016/ 12/ 05 by jd in Global News

China “has been quick to size up the environmental implications of a Trump victory, and officials in Beijing are contriving to cast China in a fresh role, to project the country as a—perhaps the—global leader on climate change.” The U.S. looks “poised to become the new climate-action outcast.” In contrast, “China is betting that clean energy and green technology will be what powers the global economy of the 21st century.”

 

U.S. News & World Report (February 24)

2016/ 02/ 26 by jd in Global News

Beijing is now “home to more billionaires than any other city in the world” after successfully edging out “New York City as the world’s capital for billionaires.” Of nearly 2,200 billionaires worldwide, 100 reside in Beijing, while 95 call New York City home. Moscow ranks a distant third with 66 billionaires. Nationwide, with 568 billionaires, China has also beaten the U.S., which ranks second, with 535. Japan round out the top ten countries with 42 billionaires, just behind the 49 living in Brazil.

 

Wall Street Journal (January 27)

2016/ 01/ 28 by jd in Global News

“Beijing’s decision to stop propping up stock prices is a positive sign that leaders are getting serious about reforming its markets. The expected appointment of Chongqing Mayor Huang Qifan, one of China’s most prominent free-marketeers, to oversee regulators would restore confidence once the market finds its real floor.”

 

Institutional Investor (January 18)

2016/ 01/ 19 by jd in Global News

The “Taiwan election results present a challenge for Beijing.” Not only is Tsai Ing-wen the first female elected president, but the election brought her party, the Democratic Progressive Party, ”its first legislative majority.” Moreover, Tsai “is a strong supporter of independence for the island, presenting a challenge for leadership in Beijing who prefer to designate Taiwan as a breakaway faction of mainland China.”

 

Wall Street Journal (January 11)

2016/ 01/ 12 by jd in Global News

“Beijing’s erratic response to the falling yuan and stock prices has exposed policy disarray. But behind the scenes an important debate has been raging over how to revive economic growth that some analysts believe is below 5%.”

 

Wall Street Journal (December 9)

2015/ 12/ 10 by jd in Global News

“Rather than reform the markets, Beijing wants to inflict pain on the brokers to assuage public anger over the crash.” This sort of meddling by the government helps explain why China’s financial markets remain dysfunctional. “China’s largest brokerage is now missing six of its eight top bosses” who are widely assumed to to “have been detained by police.” Numerous others have disappeared under similar circumstances. “But political interference risks repeating the boom and boost cycle. Putting brokers in prison won’t strengthen markets unless it is part of a new commitment to consistently enforce the law.”

 

Wall Street Journal (October 22)

2015/ 10/ 24 by jd in Global News

“Much has changed since Beijing sparked a rare-earths panic in 2010. China was home to 95% of the world’s production, so when it tightened export quotas by 40% and then cut off shipments to Japan over a territorial dispute, buyers world-wide feared scarcity and prices rose tenfold.” Ironically, this spurred innovation, the use of substitutes and the reopening of mines in other countries. “By 2012 the world faced a glut of rare earths. Prices collapsed as much as 80%.” The rare-earths rollercoaster demonstrates “the ability of markets and human ingenuity to adapt to ill-advised attempts to hold natural resources hostage. When they’re allowed to work, markets always defeat mercantilism—a useful lesson for Beijing’s economic reformers.”

 

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