Category: Weekly US-China News

Market

California braces for falling yuan’s ripples – Los Angeles Times

Why Beijing Reformed Its Exchange Rate System Now – Caixin Online

PBOC Dismisses Talk of Devaluation as Move to Boost Exports – Caixin Online The world has a bigger problem than China’s currency devaluation – The Washington Post

China’s Devaluation of Its Currency Was a Call to Action – The New York Times

China’s yuan depreciation could hit domestic firms – CNBC

Ecommerce/Internet

Macy’s to set up China online store on Alibaba’s Tmall Global – Reuters 

Global Brands works on an alliance with China e-commerce giants – Internet Retailer

Mobile accounts for more than half of all sales in China for Alibaba – Internet Retailer

Alibaba Spends $4.6 Billion on Suning in Ma’s Biggest Buy – Bloomberg 

Real Estate

Overnight, NYC real estate got more expensive for Chinese buyers – The Real Deal

What next? A China housing crash? – Financial Times

Chinese buyers feed new energy into Texas real estate – CNBC

Agriculture/Food and Wine

Highlights Of China’s 2015 Food Safety Law – Law360

U.S. growers worry over China’s economy – Los Angeles Times

Going Organic: Investing in China’s Growing Health Foods Market – China Business Review

5 Reasons You Shouldn’t Trust ‘Organic’ From China – Epoch Times

How China’s yuan devaluation could affect your food costs – CNBC

Mintel: China overtakes U.S. as top ice cream market – FoodBusinessNews

Food scares strip McDonald’s, KFC of treat status in China – Reuters 

Doing Business In China

E-commerce drives investment in China’s reefer logistics networks – JOC.com

The Trademark Woes Of Michael Jordan (And Many Others) In China – NPR

Market

China markets slump despite central bank rate cut – The Guardian

China regulators juggle IPOs with growth and a market plunge – Reuters 

China to become world’s biggest overseas investor by 2020 – Financial Times

Uber’s Biggest Rival In China Claims It Handles 3 Million Rides Per Day – TechCrunch

Internet/Technology/E-Commerce

Alibaba’s E-commerce Globalization Banks on Chinese Demand For Foreign Brands – Jing Daily

Western Firms Caught Off Guard as Chinese Shoppers Flock to Web – The Wall Street Journal

Alibaba’s Digital Bank Comes Online To Serve ‘The Little Guys’ In China – TechCrunch

Qualcomm in Venture With Chinese Chip Maker – The New York Times

Banking

China launches development bank for Asia, calls it first step in ‘epic journey’ – The Washington Post

China’s banks dominate rankings for profits, strength -Reuters 

Real Estate

Will China’s Manhattan Succeed, or Crash and Burn? – Bloomberg

Auction.com Targets Chinese Investors – Nation Real Estate Investor

New Program Could Further Boost Chinese Real Estate Investment in U.S – The Wall Street Journal 

Education

Scrutiny for Campuses in China – InsideHigherEd.com

Agriculture/Food and Wine

China’s grape rush – Financial Times

Ten Reasons Why China Needs the US – The Poultry Site

China to Implement Stricter Regulation on Imported Food, Improvements to Law Made – Yibada.com

China Business Insight

Can You Understand the Chinese Consumer in Just One Hour?  – McKinsey 

China’s Growing Pains – McKinsey 

In China, The Devil Now Wears Zara – Forbes

Mobile Is Key to Reaching China’s Wifi-‘Addicted’ Tourists En Route – Jing Daily

[Video] Cross-border Commerce: Winning Strategies for China – Thoughtful China

 

Market

China approves $40 billion of rail, subway projects to bolster economy – Reuters 

China retakes spot as biggest holder of U.S. debt – CNN Money

Netflix Said to Be in Early Talks With Chinese Companies – New York Times

Wal-Mart China Seeks Redemption With Alipay Partnership – Forbes

Spilling the beans on China’s booming coffee culture – The Guardian

Ecommerce/Internet/Technology

Wish, a Direct-From-China Shopping App, Lures Bargain Hunters – The Wall Street Journal 

China’s Xiaomi lands in the US, but leaves some things behind – CNET Baidu, China’s Leading Search Engine, Makes Strategic Investment In Content Recommendation Platform Taboola – Tech Crunch  China’s JD.com in online pharmacy tie-up with Shanghai Pharma – Reuters  Yiwugou.com Wins The Best Transformation Enterprise of China E-commerce Award – PRNewswire

Alibaba denies Kering accusations – Ecns.cn

Banking

Ready for the World Stage? As China Opens Up, Its Central Bank Remains a Mystery – Bloomberg 

Chinese banks took the four top spots in Forbes’ list of the world’s most powerful companies – Quartz  Tencent Expands Net Bank Experiment to 50,000 Social Media Users – Caixin

China may give go-ahead to opening bank accounts online – Ecns.cn

Real Estate

China’s northeastern region hardest hit by real estate downturn – South China Morning Post

Chinese housing inventories: a threat to growth? – Financial Times

 With China’s Real Estate Market Remaining Murkey, Buyers Continue to Go Abroad  – Jing Daily

Education

China’s Great Academic Leap Forward – Bloomberg

Agriculture/Food and Wine

Young Chinese wine drinkers driving ‘fundamental’ change – Decanter China’s Wine Industry Explodes, But Not Yet On The World Stage – International Business Times

China’s middle class turns to organics after food safety scares – The Guardian 

China Releases Harshest Food Safety Law in History – China Briefing 

China’s New Dietary Supplement Law Goes into Effect in October. But Will It Solve the Problems? – Nutritional Outlook

Farmers Markets with Chinese Characteristics – Huffington Post

China Business Insight

How China’s Disruptors Will Eat Your Lunch – Forbes

Top Chinese Art Collectors: What ( and Whay) They Buy – Jing Daily

Exclusive Interview: China Guardian President Hu Yanyan on Chinese Collectors and Corporate Changes – Jing Daily

 

Policy

Changes to Chinese Food Safety Law Include Tougher Punishments – Caixin Online Revised Food Safety Law In China Signals Many Changes And Some Surprises – Forbes

Market

China’s Long Bull Run – Barron’s Asian stocks recover as weak China PMI drive easing hopes – CNBC China’s People’s Daily Warns Of Risks From Stock Market Bull Run As Warren Buffet Predicts Prolonged Boom – International Business Times

IMF to Brighten View of China’s Yuan – The Wall Street Journal

China’s Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore – Reuters

The U.S.-China Disconnect on Trade Deals – The Wall Street Journal

Why China is so tough for Uber to crack – CNN Money

Ecommerce/Internet/Technology

Royal Mail ‘shop’ brings British brands to China – Financial Times China Targets Online Shopping in the Gray Zone – Caixin Online Chinese Government (Finally) Ups Action Plan to Combat Gray Market – JingDaily

Mobile Internet Income to Speed up -Ecns.cn

Internet Giants Tap E-health Care Sector to Meet Demand -Ecns.cn

Banking

PMI Data May Push People’s Bank of China to Go Big on Stimulus – Bloomberg

China Rethinks Safety Net for Its Banking System – The New York Times

China’s Citic Securities Launches Global Investment-Banking Venture – The Wall Street Journal

Chinese banks are clobbering the US: Bove – CNBC

China’s Big Banks Show Weak Profit Gains Amid Slower Economic Growth – The Walls Street Journal

China to open bank card clearing market to foreign firms from June – Reuters

Real Estate

Has China dodged property Armageddon again? – CNBC

How The Search For Love Fuels China’s Housing Bubble – Forbes Chinese developer leads transformation of L.A.’s skyline – Los Angels Times  Real Estate Billionaire Wang Jianlin Is Back On Top As China’s Richest Man – Forbes

Education

As competition among Chinese international students for U.S. schools grows, so does fraud – USA Today

2015 Harvard Business School Executive Education China Programs Announced – MarketWatch

Study abroad prep classes in China criticized for high prices – Want China Times

Wine

Chinese delegation to attend inaugural Cal-China wine forum – Napa Valley Register.com China’s Wine Industry Explodes, But Not Yet On The World Stage – International Business Times

China overtakes France to become world’s second biggest wine-growing area – The Independent

Australian winemakers and Chinese importers work together to create a premium wine for the Asian palate  A bottle of Beijing, please: is Chinese wine any good? – The Telegraph 

Agriculture

Revised Food Safety Law In China Signals Many Changes And Some Surprises – Forbes China to strengthen oversight of GM crops under development – Reuters  We are entering a golden age of U.S.-China trade  – The Packer

Big China corn premiums may tempt buyers to step up imports – Reuters 

U.S. asks China to drop ban on poultry imports triggered by bird flu – Reuters 

World showcase: Wis­con­sin dairy im­presses at Chi­nese expo – The County Today

China’s slump lifts dairy competition – The Land

Policy

Foreign Companies at Risk From Proposed Chinese Law – The Wall Street Journal China considers ban on infant formula ads – Reuters  China Halts New Policy on Tech for Banks – The New York Times China to launch three new free trade zones – The Star Online

Detailed plans for four FTZs announced – Ecns.cn

Market

China Frees Up $200 Billion for Lending to Stimulate Economy – The New York Times China Cracks Down on Golf, the ‘Sport for Millionaires’ – The New York Times China Speeds Up Solar Drive – The Wall Street Journal U.S. Government Bonds Lower on China Stimulus – The Wall Street Journal  Ex-Disney studio chief launches new company with $150 million from China – Los Angeles Times Aston Martin Turns to China to Soup Up Supercars -The Wall Street Journal Volkswagen to produce ‘green’ cars in China as premier auto show kicks off – South China Morning Post

Internet/E-commerce

58.com, China’s Largest Classifieds Site, Acquires Rival Ganji.com Aliyun, An Alibaba Unit, Is Building China’s First “Cloud Hospital” – TechCrunch

JD.com Takes On Alibaba With Its New International E-Commerce Platform – TechCrunch

Alibaba-Backed Baozun Files For US IPO – China Money Network

IBM Venture With China Stirs Concerns – The New York Times

Real Estate

China Housing Cooling Even As Developers See Double Digit Gains – Forbes What’s Behind China’s Worldwide Real Estate Gold Rush? Juwai’s China Manager Explains

Banking

China Makes Big Cut to Bank Reserve Requirement – Caixin  New Asian Development Bank Seen As Sign Of China’s Growing Influence – NPR 

Education

What Did China’s First Daughter Find in America? – New Yorker China Higher Education Initiatives to Bring More from Countryside to Colleges – Caixin

Chinese education platform Genshuixue raises US$50M series A – TechInAsia

Agriculture/Food and Wine

Money Does Removing Barriers to Agricultural Trade Ensures US Products Can Thrive in Foreign Markets  – USDAGrow on Trees as U.S. Forest Product Exports Set Record – USDA Ags rise as China, weather boost appetite for short-covering -agrimoney.com Trade mission to China promotes Wisconsin dairy products – Mikwaukee Wisconsin Journal Sentinel

U.S. forced to import corn as shoppers demand organic food

China considering harsh regulations for infant formulas – Digital Journal

China Business Insight

Uncommon Sense: China – Rise of The Local Giants  – Nielsen

Tesla Motors Inc (TSLA): Why Is It Failing In China? – ValueWalk

Why Netflix will have a tough time in China – CNN Money

   

Policy

China Takes Another Step in Improving Rule of Law – Caixin

China Limits Neighbors’ Visits to Hong Kong After Smuggling Complaints – The New York Times

Market

China’s March exports shrink 15 percent year-on-year in shock fall – Reuters 

China Growth Last Quarter Seen Worst Since Global Recession – Bloomberg

Why Luxury Brands’ China Price Cuts Won’t Hurt Overseas Sales? – JingDaily

Trade Groups Try to Stem New Chinese Bank-Tech Rules – The Wall Street Journal

Economists React: China’s Consumer Prices Rise Slightly in March – The Wall Street Journal

KFC Owner Sows Upscale Seeds In Search Of China Rebirth – Forbes

Hank Paulson: Economic challenges, China — and the birds – USA Today

After U.S. chip block, China’s plan for 100 petaflop supercomputer may get delayed – Computerworld

Internet

‘Great Cannon of China’ turns internet users into weapon of cyberwar – The Guardian 

China Threatens Sina Corp. Over Insufficient Censorship – The Wall Street Journal

Ecommerce/Technology

E-Commerce Firms, Investors Take Note as China’s Shoppers Look Overseas – Caixin

29-Year-Old Zhang Lianglun Tailors Online Mall Beibei For China’s Young Mothers – Forbes

Time Still Not Ripe for Apple Pay to Enter China Market – Caixin

China’s Tencent Hits $200 Billion Market Cap for First Time – NDTV

WOWO Becoming China’s First O2O IPO Following Its Successful Initial Public Offering on NASDAQ – iResearch

Banking

China Moves to Strengthen Control Over Its Policy Banks – The Wall Street Journal

China Merchants Bank Soars Most in 6 Years on Incentive Plan – Bloomberg

Ping An Launches Subsidiary to Handle New Form of Net Investing – Caixin

Alibaba Unit to Set up Internet Bank in June – Mobile World Live

Real Estate/Investment

What’s Behind China Life Insurers Buying Up American Real Estate? – Forbes

A $250,000 Tour With One Aim: Get Chinese to Buy a Home – Bloomberg

Chinese Investors Bet on U.S. Apartment Development – National Real Estate Investor

Feng shui finds more fans in US real estate – ChinaDaily

The questions Chinese real estate buyers ask – Overseas Property Professional

The Reasons Why China Buys U.S. Treasury Bonds – Investopedia 

Agriculture

California Wines Fuel $1.49 Billion in U.S. Wine Exports in 2014 – PRNewswire

Hoping to woo China with white wine – The Press Democrat

Positive outlook for the California dried plum industry – Western Farm Press

As U.S. Grown Cranberries Gain Recognition in China, Seeing “Red” is a Good Thing – PRWEB

China Business Insight

 How to Build a Social Brand in China – Thoughtful China (Video)

  Policy

Chinese Premier Vows Tougher Regulation on Air Pollution – The New York Times

China to ‘refresh’ policy on visitors to Hong Kong – Reuters  Market

China Plans More Action to Spur Growth – The Wall Street Journal

What slowdown? Chinese firms most upbeat in a year – CNBC

Uber enters electric-car market in tie-up with China’s BYD – MarketWatch

Opinion: China’s tourists are leaking money – MarketWatch 

China’s water crisis opens giant market for business -Eco-Business

Individual investors in FTZ will be allowed to invest in overseas stock markets – ShanghaiDaily

Ecommerce/Tech

Wired women: the $3tn women powering China’s tech boom – The Guardian

In an unexpected move, Tencent opens e-store on Alibaba’s Tmall – Tech In Asia

Banking

Mainland China central banker warns over fragmented control in bond market – South China Morning Post

China puts brakes on banks’ rate freedom – Financial Times

Real Estate

Evergrande Slashes Prices on Commercial Property in Bid to Hit Sales Target – Real Estate Institutional investors expected to put more money in real estate – ShanghaiDaily Education Penn Wharton China Center opens in Beijing – The Daily Pennsylvanian  Guangdong Couple Becomes China’s Latest Online Education Billionaires – Forbes Agriculture China Emerging as a Key Market for Agricultural Products – USDA Organic produce demand increases in Hong Kong -The Oregonian China Business Insight

How One China Strategist Leapt His Own Great Wall – China Business Review

The Dawn of Chinese Consultancy Companies? – China Business Review

Marketing to Chinese Millennials – Thoughtful China

  Policy NPC to Get Proposals for Clearing up Way Laws Are Enacted – Caixin Online NPC puts emphasis on Constitution -Ecns.cn Cybersecurity Law a Priority This Year: Top Official – The Wall Street Journal Markets Economists React: Bring Out the Caveats, China’s Export Data Not Quite So Rosy – The Wall Street Journal What the Fed says about China behind closed doors -Financial Times China’s factories are building a robot nation – MarketWatch How China Is On The Silk Road To A Clean Energy Future – Forbes China Goes West: The Globalization of Chinese Brands – China Business Review Renminbi may follow own script in internationalization -Ecns.cn E-commerce Amazon sets up shop on Alibaba’s Tmall in China -USA Today Amazon Retreating In China? Not Exactly… – Forbes All eyes on Alibaba as China proposes tighter regulations on ecommerce sites – Tech In Asia E-Commerce Giants, Gov’t Create New Markets in China’s Rural Areas – Caixin Online Banking China’s international payments system ready, could launch by end-2015 – sources – Channel NewsAsia Foreign banks tighten lending rules for China state-backed firms – Reuters 

China Stocks Rise Most in Week on Banks’ New Business Prospects – Bloomberg

Agriculture American ginseng has a loyal Chinese clientele – LA Times Yao Ming Turns to Crowdfunding to Raise Profile of Napa Winery – The Wall Street Journal CHO LEE: FAKE WINE NOT JUST A CHINESE PROBLEM – The Drinks Business Real Estate China’s legislators divided over how to impose property tax, says scholar – South China Morning Post Sun, sand and stir-fry? Miami woos Chinese to invest in real estate – China Daily

Chinese developers use EB-5 to fund their own U.S. projects – The Seattle Times

“Chinese Craigslist” 58.com acquires real estate site Anjuke for $267 million – Tech In Asia

Education University of Virginia opens office in China – China Daily Oxford Official: China’s Universities Make Progress, but Academic Freedom a Problem – Caixin Online CHINA’S TOURISM BOOM HAS CHINESE STUDENTS FLOCKING TO HOSPITALITY SCHOOLS – Jing Daily  

Markets

Currency’s Weakness Troubles China’s Policy Makers – The New York Times

China Tightens Tax Rules for Foreign Groups – FianceAsia China Buys More Gold Than The World Produces -Forbes Will China Overtake The U.S. In Electric-Car Sales This Year? – Green Car Reports Tesla Overestimates The China Market – Forbes

Opportunities and Challenges in China’s Electric Vehicle Market – China Business Review

The world’s new tastemaker: China – USA Today

Banking

Postal Savings Bank of China chases pre-IPO investors – Financial Times

Smaller Chinese banks attract yield hunters – South China Morning Post

Ecommerce

Tiger’s $100 billion hedge funds buy China Internet with JD.com – Bloomberg

Qunar Eclipses Ctrip as Revenue Growth Surges: China Overnight – Bloomberg

Education

Western manners: The latest Chinese status symbol – BBC

Agriculture

China’s National Food Safety Standard on Nut and Seed Food – USDA

U.S. Craft Beer Has a Great Potential in the China Market – USDA

U.S. Frozen Cranberries Now Have an Easier Road to China -USDA

Real Estate

This Is How Chinese Real Estate Is Going Digital – Mckinsey&Company Chinese Buyers Home In On More U.S. Real Estate

Culture

How to get ahead in China’s dating scene – CNN

 
 

China nears complete end to all residency restrictions – MarketWatch

News Analysis: China set to bolster service trade – Xinhua News China’s Foreign Direct Investment grows fastest in 4 years – Shanghai Daily China’s urban sprawl raises key question: can it feed its people? – The Guardian 

China’s rich to get even richer this year – CNBC

Market

Great Wall Stall Frustrates Apple Pay in China – Caixin

China has a new taxi app monopolist – and it isn’t Uber  – Fortune 

E-commerce

Jack Ma Says Alibaba At ‘Most Critical Moment’ As China Starts New Investigation – Forbes

Unlocking E-Commerce Payments into and out of China – PaymentWeek

iResearch Forecasts The Trend of Online Shopping Market – iResearch

China Online Shopping Market Reaches Over 10% Penetration – iResearch

China E-commerce Market Rises 21.3% in 2014 -iResearch

Banking

Sneak peek on China bank earnings offers worrying credit cost picture – South China Morning Post

China Inc’s bank-free shopping spree – Financial Times

Watch out: Yuan plunge is possible, warn analysts – MarketWatch

China Firms Replace Banks to Drive Hong Kong Rents: Real Estate – Bloomberg

Tencent-Backed WeBank Begins Trial Operation – The Wall Street Journal

Real Estate

Chinese Real-Estate Firm Looks West—to California – The Wall Street Journal

CHINA’S ELITE BUY BAY AREA PROPERTIES AT RECORD RATE – ABC7NEWS.COM

Real-Estate Firms Tap Chinese Brokers – The Wall Street Journal   –   New York City Is a Favored Spot for Investors From China

The Lure of the Gold Coast – New York Times –  Wealthy Chinese Buyers Head to New York’s Suburbs

Education

US Colleges Seek Economic Diversity in Students From China – New York Times

Cornell, Chinese university create family biz program – ithacajournal

From Wealth to Health: Rich Chinese Seek Spiritual Fulfillment-The Wall Street Journal   –  Executives Spurn M.B.A.s for Philosophy Classes, Shopping Excursions for Buddhist Meditations

Agriculture

Food Labeling for Companies Manufacturing or Distributing Food in China – Food Safety Magazine 

Chinese customs rejected hundreds of ‘substandard’ imported wines in 2014 – Decanter China

AmCham China Members Seek Greater Cooperation with China on Agriculture – China Money Network

US farm firms urge easing of barriers to investment – Ecns.cn USA signs agreement with China to export apples – Far Eastern Agriculture Orange crops have taken a bruising recently in US, China – ChinaDaily Growing U.S. hog herd, flat Chinese demand slams pork prices – Reuters