Your Christmas Lights Head to China, and Back Again
Reporting on his observations from a factory in Shijiao, Junkyard Planet author Adam Minter...
raw materials market
Mongolia: Before the Gold Rush
China’s hunger for raw materials has brought double-digit economic growth to its northern neighbor, the coal and mineral-rich republic of Mongolia. But an anti-Chinese nationalist backlash has arisen in response to the...
Australia Spells Out Asia Blueprint
The Wall Street Journal reports Australia plans to grow business with Asian countries, including China and India, to a third of its economy. This plan comes amid growing anxieties over China’s increasing influence in Australia:...
Australia's China Challenge
Since overtaking Japan in 2009, China has been Australia’s largest export market, outweighing South Korea, India, the US and UK (in third through sixth places) combined. While growing reliance on this trade is a source of...
China to Have Half of Asia’s Millionaires: Report
According to a study by Julius Baer Group and CLSA Asia Pacific Markets, China’s millionaires will account for half of Asia’s rich as well as hold more than half of the wealth in the region by 2015. From Bloomberg:...
China to Dive for Buried Treasures
China participates in several ambitious manned dives to explore the deepest part of the South China Sea this week. The Wall Street Journal details the commercial, scientific and military implications of this exploration: The...
Why Nobody But China Produces Rare Earth Metals
The discovery of massive rare earth deposits on the Pacific floor could, claims Japan’s Asahi Shimbun, “end China’s virtual monopoly on the metals”. From The Wall Street Journal: The Japanese team found...
Dalai Lama in Australia: China Not The Enemy
Speaking at the start of an 11 day visit to Australia, the Dalai Lama said that China as a whole is not his enemy. Beijing’s economic importance to the country, however, may deny him a meeting with its Prime Minister. When...
The Economist: China Is a Threat to The West/China Is a Friend to The West
A new ad campaign for The Economist aims to grab attention by juxtaposing opposing arguments regarding the nature of China’s rise. From Advertising @ chinaSMACK: China Is A Threat To The West China spends about $100...
India Seeks to Rival China in Africa
The Indian Prime Minister’s visit to Africa has prompted widespread analysis of an escalating strategic competition between the world’s two most populous nations. From The Economist: For all its elephantine weight,...
Australia’s Budget “Made In China”
A looming budget announcement in Australia highlights Canberra’s dependence on raw material exports to China for revenue, according to Reuters: Australia’s minority government will hand down its first budget next...
U.S., EU Act against China on Raw Material Exports
Susan Cornwell and Darren Ennis report for Reuters: The United States and European Union took action against China on Tuesday for restricting exports of industrial raw materials, intensifying a trade struggle at a delicate time...
China Top Steel Maker In Its Lowest – Reuters
From Reuters (link) Baosteel, China’s top steel maker, reported a 55.4 percent fall in first-quarter earnings on Saturday, its worst quarterly profit in 14 quarters, as high iron ore costs and low steel prices eroded margins. Baoshan Iron and Steel Co. Ltd., the world’s sixth-largest steel maker by output, posted net earnings of 1.37 billion […]
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