Runaway borrowers the new face of China’s personal credit boom
by He Huifeng / 6 December 2017/ Reuters
China’s online lending boom has sent a steady stream of new clients to Guangzhou lawyer Luo Aiping in recent months: the parents and siblings of young men trapped or ruined by usurious debts. Continue reading “Runaway borrowers the new face of China’s personal credit boom”
US can no longer compel China to do its bidding
by David M Lampton/ 10 December 2017/ Financial Review
On entering office, US President Donald Trump put several contentious issues with China on the backburner in the hope of achieving his primary goal — North Korea’s denuclearisation. When that failed, the frontburner of US–China relations became crowded with previously repressed issues.
Several of these — US freedom of navigation operations in the South China Sea, talk of steel and aluminium tariffs, weapons sales to Taiwan, threats to tighten technology and investment flows as well as secondary sanctions on Chinese entities — threaten to become serious problems if not managed in a more careful manner than the Trump administration is currently demonstrating.
Continue reading “US can no longer compel China to do its bidding”
Does halting of subway project mark end of line for China’s infrastructure building boom?
by Jane Cai / 4 December 2017 / SCMP
The unprecedented suspension of a 30.5 billion yuan (US$4.6 billion) subway project in the Chinese city of Baotou in August shocked residents and construction workers alike.
During a decade-long subway construction boom in China, no one had ever seen a project halted after construction had begun. Now they are wondering whether Baotou marks the end of the line. Continue reading “Does halting of subway project mark end of line for China’s infrastructure building boom?”
Malaysia and China: The new ‘lips and teeth’ duo
by CK TAN, Nikkei staff writer / 31 October 2017/ Asia.Nikkei.com
KUALA LUMPUR — China and Malaysia are closer than they have ever been in over four decades of diplomatic relations. And if remarks by the outgoing Chinese ambassador are anything to go by, this may be only the beginning — much to the discomfort of certain critics. Continue reading “Malaysia and China: The new ‘lips and teeth’ duo”
How is China bolstering its military diplomatic relations?
Military diplomacy can be broadly defined as a set of non-combat activities carried out by a country’s armed forces to advance its national diplomatic interests. Military diplomatic activities often take the form of joint military exercises, high-level military dialogues, and naval port calls. In the case of China, its ongoing military modernization has enhanced the frequency and complexity of these activities. In general, military diplomatic activities provide China with opportunities to improve its global image and support its broader diplomatic agenda, while simultaneously enhancing its military operational capabilities. Continue reading “How is China bolstering its military diplomatic relations?”
Taiwan to fine citizens who join China’s Communist Party
FocusTaiwan/ 31 October 2017
Taipei, Oct. 31 (CNA) Taiwanese citizens who join China’s Communist Party could face a fine of NT$100,000 to NT$500,000 (US$3,390-US$16,950) for violating Taiwan’s law, Mainland Affairs Council head Chang Hsiao-yueh (張小月) said Tuesday. Continue reading “Taiwan to fine citizens who join China’s Communist Party”
China shuts down tens of thousands of factories in crackdown on pollution
Staff writers, AFP / OCTOBER 25, 2017
CHINA has shut down tens of thousands of its factories in an unprecedented crackdown on pollution.
Across the country, whole industrial regions are being temporarily closed as environmental inspectors do their work and blues skies return. Continue reading “China shuts down tens of thousands of factories in crackdown on pollution”
Fears mount over bookseller ‘freed’ by China
25 October 2017/ Channel NewsAsia
HONG KONG: Concern was growing Wednesday (Oct 25) over the whereabouts of dissident publisher Gui Minhai, who failed to contact his family after Chinese authorities said they had released him from detention. Continue reading “Fears mount over bookseller ‘freed’ by China”