economics


Just Another Foreign Asset: Why Chinese Buy Up European Soccer Clubs

Yes, China has the official goal of becoming a leading power in world soccer by 2050 according to a policy document issued in March 2015.  As it is the case with any kind of policy directives in China, this leads to overpricing and malinvestment. Or why else would Shanghai SIPG pay $61.4 million for the less-than-average Brazilian player Hulk? Remember his non-performance at the world cup in Brazil 2014? To get an idea of how large a price Shanghai SPG paid, consider the cost of the most expensive Chinese national. Linpeng Zhang, who plays for Guangzhou Evergrande Taobao, is only worth $1.3 ...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


Sentencings and Threats Hang Over HK Publishers

On Tuesday, a Shenzhen court sentenced two journalists for their involvement in political magazines that were published in Hong Kong but distributed in mainland China. From Kris Cheng: Wang Jianmin and Guo Zhongxiao, who were behind two magazines – New-Way Monthly and Multiple Face – published ...

politics


Petition in Northeast Chinese City Shows Broad Support for Legal Action Against Former Party Leader

About 12,000 people in Lingyuan, northeastern China’s Liaoning Province, have signed their names to an effort aimed at holding a former regime leader accountable for major human rights abuses. Lingyuan, a steel-producing town located in an agricultural region near the Mongol steppe, has a popu...

Breaking: Chinese Dance Competition Moves to Taiwan After Last Minute Cancellation in Hong Kong

For the second time in a month, the organizers of a traditional Chinese dance competition in Hong Kong are faced with a cancelled theater contract and a forced relocation. In a statement on July 27, New York-based broadcaster New Tang Dynasty Television (NTD) wrote that the Asia preliminary round of...

US Congressional Representatives: Leave Dance Event in Hong Kong Alone

Members of the United States House of Representatives have voiced concern over the Chinese Communist Party’s interference in a classical Chinese dance competition in Hong Kong that is being organized by a New York-based broadcaster. Michael McCaul (R-Tex.), the Chairman of the House Committee...