In a Fortnight
World Bank Offers Timely, Dubious Praise for Belt and Road
Beijing appears to be rethinking CCP General Secretary Xi Jinping’s Belt and Road Initiative, an ambitious bid to reshape global trade by lending money for infrastructure projects in countries across Eurasia. The initiative has come under fire at home and abroad, with domestic critics wondering... MORE
Pocketbook Purges: Why Investors Everywhere Need to Understand CCP Politics
In the last issue of China Brief, this column examined the case of Huarong Asset Management, a major PRC financial firm, whose fortunes nose-dived after its chairman Lai Xiaomin (赖小民) was detained in a corruption probe. Most media coverage of Lai’s downfall speculated that he... MORE
Financial Boss’s Fall Hints at Deleveraging’s Political Side
Almost immediately after assuming office in 2012, CCP General Secretary Xi Jinping kicked off a brutal anti-corruption campaign whose stated goal was to curb rampant official self-dealing. However, most observers agree that, like many high-level PRC campaigns, Xi’s anti-corruption push was also a political purge,... MORE
Domestic Criticism May Signal Shrunken Belt and Road Ambitions
In the past two weeks, obvious signs of discontent with CCP General Secretary Xi Jinping’s ambitious policy agenda have emerged into public view. (Willy Lam explores these signs and their policy implications in “Xi’s Grip on Authority Loosens Amid Trade War Policy Paralysis”, also in... MORE
Censorship, Geopolitical Time Bombs, and China’s Islamophobia Problem
China has a serious and worsening Islamophobia problem. While relations between China’s Muslim minorities and its Han majority have been fraught since 2009’s deadly inter-ethnic riots in the far western city of Urumqi, recent years have seen the normalization of online hate speech directed at... MORE
Xi’s Economic Deleveraging Campaign and the Limits of Credit Committees
For well over a decade, the leaders of the Chinese Communist Party (CCP) have understood that excess lending by China’s state-directed banks to unproductive, state-linked companies could spark a future financial crisis. CCP General Secretary Xi Jinping has made the fight against excess leverage a... MORE
Huawei’s Smart Cities and CCP Influence, At Home and Abroad
What do international espionage concerns, a Chinese truckers’ strike, and the smart cities of the future all have in common? All are part of the story of how the commercial ambitions of Huawei—one of the PRC’s leading developers of high-tech electronics and telecommunications equipment—could be... MORE
UK, Japan Companies Help China to Counter US’s Tech Leverage
With the help of major tech companies from the UK and Japan, China may be poised to take an important step towards isolating its microchip supply chain from US pressure, as the Chinese Communist Party (CCP) accelerates an indigenous technology drive in the face of... MORE
Is China Changing the Game in Trans-Polar Shipping?
For more than a decade, Russian policymakers have fruitlessly tried to turn the Northern Sea Route (NSR), which connects Asia and Europe along Russia’s northern coastline, into a viable commercial shipping route (Jamestown Eurasian Daily Monitor, April 29, 2016). PRC financial muscle might finally be... MORE
Pre-suasion: How the PRC Controls the Message on a Sino-US Trade War
During the past fortnight, a long-simmering trade dispute between the United States and China has burst into open recrimination, with the two sides threatening each other with $250 billion worth of reciprocal tariffs (China Daily, April 7). As of this writing, the situation remains fluid... MORE