China Business & Economy

China’s Messy Power Politics

Chinese day traders chat as they sit in front of stock tickers on a board at a brokerage firm on January 22, 2015 in Beijing, China. China's economic growth has slowed to its weakest point in years to 7.4 percent. While its growth is still stronger than most world economies, China announced Tuesday a strategy to encourage domestic consumption and investment including retail spending in an effort to boost growth. (Photo by Kevin Frayer/Getty Images)
Chinese day traders chat as they sit in front of stock tickers on a board at a brokerage firm on January 22, 2015 in Beijing, China. (Photo by Kevin Frayer/Getty Images)

In 2011, most people still thought China, as a nation, had less debt than Europe or the United States because of its relatively low government...

  • Recent large-scale clearance of peatland forest inside a PT. Riau Andalan Pulp & Paper (PT RAPP) pulpwood concession on Pulau Pedang, Bengkalis Regency, Riau Province. © Ulet Ifansasti / Greenpeace.

    China Banks Funding Deforestation in Indonesia

    While Santander Bank has made headlines in recent days for financing an Indonesian forestry giant’s ongoing clearance of carbon-dense forests in Sumatra, Chinese banks among... Read more

  • Qualcomm CEO Steve Mollenkopf attends ‘Qualcomm Strategic Venture Investment In China Press Conference’ on July 24, 2014 in Beijing, China. Newspaper report has confirmed that Qualcomm Inc. has a monopoly in China. Qualcomm CEO Steve Mollenkopf launched a 150 million fund to support startups in China but decline to comment on the monopoly issue. (ChinaFotoPress/ChinaFotoPress via Getty Images)

    Huge Qualcomm Fine Reflects Shifts in Power in Chinese Regime

    One of the world’s largest mobile phone chip makers, U.S.-based Qualcomm Inc., has been issued a fine of 6.088 billion yuan ($973 million) by the... Read more

  • A China Shipping Group cargo ship arrives at the port of Hamburg, Germany, on Jan. 13. (Joern Pollex/AFP/Getty Images)

    Chinese Economic Metrics Paint a Frightening Picture

    Independent research pegged China’s fourth quarter GDP growth at 1.7 percent, a mere fraction of the official growth rate of 7.3 percent announced by China... Read more

  • In this file photo, Chinese construction workers on Dec. 18, 2014 in central Beijing, China. On Feb. 14, State-run Xinhua news reported on several cases of faked industrial output reports in south-central China’s Hunan Province. (Kevin Frayer/Getty Images)

    Fake Economic Numbers in China Start at Local Level

    Local Chinese governments have turned industrial output figures into “number games,” according to a Feb. 14 report by regime mouthpiece Xinhua. Officials had fabricated actual... Read more

  • A Chinese worker stokes a giant burning cauldron at a steel mill in Hefei, in eastern China's Anhui province, on June 25, 2011. China has significant overcapacity in its steel industry and several other industries. (STR/AFP/Getty Images)

    China’s ‘Marshall Plan’ Will Not Solve Overcapacity in China’s Economy

    The majority of industries in China face severe overcapacity, which seriously threatens the smooth functioning of China’s economy. Despite China’s high hopes, “the road map... Read more

  • Two Chinese workers work on the roof of a building at a construction site in Beijing on July 14, 2013. Twenty-two provinces and 7 regions and province-level cities lowered their expected GDP growth for 2015, according to the Chinese magazine China Economic Weekly. (Wang Zhao/AFP/Getty Images)

    Provincial GDP Numbers Signal Slower Growth for China

    Official China is singing with one voice regarding prospects for the economy: recently released provincial numbers echo other economic estimates to signal that slower growth... Read more

  • Construction site of residency buildings in Shenzhen, Guangzhou Province, on Oct. 3, 2014. Southern China’s Shenzhen city government suspended over 2000 properties under construction due to the developer’s financial crisis. House owners who paid for the houses protested on Jan. 24. (Screenshot/

    Real Estate Development in Southern China Goes Bust, House Owners Protest

    Thousands of new properties under construction by the Kaisa Group, a large-scale property developer in China, have been suspended from the market due to the... Read more

  • A homeowner who failed to protect her home from demolition in Guangzhou, in south China's Guangdong Province on March 21, 2012. Real estate companies work hand-in-glove with corrupt officials in order to get land cleared for development. (STR/AFP/Getty Images)

    Sackings of High-Ranking Officials Bring Trouble to 70 Companies in China

    In China, where politics and business are one and the same, the sackings of high-ranking officials in 2014 also saw many companies implicated—publicly listed companies... Read more

  • Image of Pakistan's Khushab nuclear site located in Khushab District, Punjab, showing the heavy water reactor. On Feb. 7, a Chinese official confirmed at a press conference in Beijing that China’s state-run nuclear industry is cooperating with Pakistan to build at least six nuclear power stations. (Google Maps)

    Chinese Official Confirms Controversial Nuclear Project for Pakistan

    China’s state-run nuclear industry is cooperating with Pakistan to build at least six nuclear power stations, a Chinese official confirmed at a press conference in... Read more

  • A plane from Chinese airline China Eastern departs from Hongqiaou Airport in Shanghai in front of the skyline on February 8, 2015. UniGroup Relocation, an international moving company, recently conducted a study showing that twice as many expatriates left China than arrived in 2014. (Johannes Eisele/AFP/Getty Images)

    Expatriate Population in China Dwindling, Says Moving Company

    Once a popular destination for foreign employees looking to do business with over a billion consumers, China isn’t looking so hot anymore. UniGroup Relocation, an... Read more

  • The Asia headquarters of  JPMorgan in Hong Kong.  (Philippe Lopez/AFP/Getty Images)

    Western Firms’ China Hiring Practices Underscore Official Corruption

    Recent emails obtained by federal regulators shed light on just how far JPMorgan Chase & Co. went to hire—and later, to retain—the son of a... Read more

  • An office worker talks on a mobile phone in front of a China Unicom logo, California-based Apple's partner in China, in Beijing on Jan. 5, 2012. The Chinese regime's anti-corruption agency recently published a report concerning widespread corruption at the world's third-largest telecommunications provider. (Liu Jin/AFP/Getty Images)

    Chinese State-Run Telecom Corporation Is a Den of Sex and Bribery, Official Report Reveals

    One of the largest telecommunications firms in China, already shaking under the pressure of the Chinese regime’s wide-reaching, anti-corruption campaign, has been implicated in a... Read more

  • Alibaba’s Chairman Jack Ma, in Davos, Switzerland, on Jan. 23. Alibaba lost US$11 billion overnight on Jan. 28 after getting into a spat with a Chinese regulator, as the company’s once helpful political ties begin to trip it up. (Fabrice Coffrini/AFP/Getty Images)

    Chinese Internet Giant, Alibaba, Openly Challenges Regime

    An open conflict between Chinese e-commerce giant Alibaba Group and China’s main corporate regulator, the State Administration for Industry and Commerce (SAIC), has attracted widespread... Read more

  • A Chinese official credits the rise of Chinese tech giants such as a Alibaba to the regime's censorship system.

    Alibaba & Co Are Tech Giants Thanks to Firewall, CCP Says

    An interview with a Chinese official from the Ministry of Industry and Information Technology pretty much confirmed what everyone knew all along: that the Internet... Read more

  • In this file photo, a man walks by the head office of China's largest private lender Minsheng Bank in Beijing, on Feb. 25, 2002. On Jan. 31, mainland Chinese media reported that the Mao Xiaofeng, the president of the bank, had been detained in a corruption investigation. (AFP/Getty Images)

    Storm of Corruption Investigations Lashes China’s Financial Industry

    The banking industry is now a focus of the Chinese regime’s two-years plus anti-corruption campaign. In the past week, two high-ranking banking executives were taken... Read more

  • A China Minsheng Banking Corp. branch in Beijing, on Jan. 9, 2004. The president of China’s major bank Minsheng Bank was reportedly taken away by the Party’s anti-graft investigators recently. (Frederic J. Brown/AFP/Getty Images)

    President of Chinese Private Bank Is Busted for Corruption

    The president of China’s largest private bank, Minsheng, was placed under investigation by the Chinese regime’s internal disciplinary agency recently, according to reports by mainland... Read more