WorldcrunchStay updated with comprehensive news on China from Worldcrunch. Discover insights on Chinese politics, economic developments, societal issues, and cultural landmarks with translations from top international sources. Highlights include Beijing, Shanghai, and events like the Chinese New Year.
Since the opening-up of China, the hukou system — a household registration system that basically divides citizens into urban and rural categories — has come under increasing fire. As urban citizens enjoy a range of preferential public services such as free schooling and social security, migrant workers living in the same city but with rural […]
Over the past 15 years, global investors have experienced a series of bubbles: the Internet bubble in 2001, the real estate and credit bubbles in 2008, and then gold this year. The expansions and adjustments of these bursting bubbles seem to have already become commonplace. Though many governments with troubled economies have tried to face […]
-Op-Ed- Last week finally saw the epilogue of the eventful Bo Xilai affair. The former high-ranking official of the single-party state, both a member of the Chinese Community Party (CCP) Politburo and the most powerful figure of the Chongqing municipality, was sentenced to life imprisonment by a court in the Shandong province. But this legal […]
BEIJING — In October, a tour group of 20 of China’s top tycoons will be paying a different kind of luxury visit to America. The tour is organized by Gopher Asset, an asset management firm, and the aim is for these Chinese super-rich to investigate how Single Family Offices (SFOs) operate in the United States. […]
JIANGNAN – It’s that time of a year again for Chinese crab lovers. Connoisseurs of mitten crabs, this expensive seasonal delicacy, know that the crustacean is concentrated in Jiangnan, in the southern part of the Yangtze Delta, The autumn harvesting is carried out mostly very early in the morning before sunrise. Using the crab’s phototropism, […]
It’s a weekend morning. Y, a lesbian woman, changes out of her usual masculine attire and puts on an elaborate woman’s outfit to go and visit the parents of A, a homosexual man. The visit is to inform the parents that Y and A are getting married, and hope that they will approve of their […]
-Editorial- BEIJING – At the recent International Investment Forum, Justin Lin Yifu, the former World Bank chief economist, was asked how he personally invested his money. “All my money is in the bank, in fixed deposits,” he said, before adding with a smile, “When I sleep at night, they are still earning interest for me, […]
The United Nations just released its World Happiness Report, ranking China No. 93. Denmark is the winner, and the U.S. finishes at a respectable No. 17.
-OpEd- BEIJING — Apple released the iPhone 5c and 5s in Beijing last week, marking the first time ever that Apple has chosen the world’s biggest market for a launch. The company seems to hope that the two new smartphones will help the brand here, where it hovers alternately between fifth and sixth place in […]
China currently has just one-fifth the number of robots as Japan, and just one-third as many as the United States, but as manufacturing there grows, the country is poised for big bot growth.
Chinese companies justify shoddy products because of fierce competition. One businessman explains why this approach is nothing but a dead end.
The most populous country in the world has no clear method for reporting or responding to abuse of its most vulnerable. Child welfare organizations fight to make a change.
BEIJING – Is recess time over for China’s whistleblowers? Are we seeing the beginnings of a crackdown on this group of influential bloggers who have contributed to exposing corrupt public officials over the past few months? These digital activists and journalists had believed their crusade had the implicit backing of the central government after new […]
As the country plans to seize farmers’ land and move them into more populous, resettled areas to drive the economy, it’s clear who the losers will be.
Meanwhile, Japan and South Korea cash in thanks to rigorous health standards and smart labeling.
By 2034, there will be 400 million people in China over age 60. And now, it seems, the state has finally decided to open up the business of caring for the elderly. What that means.
To dodge fines in China for violating the one-child policy and give the advantages of an American passport, many Chinese women are flying to the U.S. to give birth. But there are risks involved.
The intricate connection between state power and academic authority is fertile ground for corruption in research and education. Here is one recipe to clean up the campus in China.
BEIJING — Economists rack their brains studying the nature of business. In the simplest terms, the essence of business is to make money. But in today’s China, as elsewhere, particular political, economic and social factors make a difference — and a wide range of uniquely Chinese money-making mechanisms have been developed. What Wang Lin, the […]
Buyer beware: both prestigious boarding schools and summer tours have major drawbacks.
BEIJING — For more than 100 years now, the food additive commonly known at MSG (monosodium glutamate) has been used all over the world to make dishes more savory. But the Chinese in particular are losing their taste for the ingredient, having embraced an irrational fear of what authorities around the world regard as a […]
How do well-known foreign brands react when unscrupulous profiteers swipe their Chinese names?
Stiffer penalties for baby traffickers are all well and good, but what China really needs is to regain its moral integrity.
The European Union has implemented a stringent new set of toy safety regulations, which could leave some Chinese manufacturers on the losing end.
Recent cases of official malfeasance in China have been exposed not by newspapers but by reporters writing on their personal microblogs.
Monday, August 4, 2014 LIMITED CEASEFIRE FRAGILE AFTER ISRAEL STRIKE KILLS CHILD Palestinians have accused Israel of breaking its own ceasefire Monday after it launched a strike on the Shati refugee camp in Gaza City, killing an eight-year-old girl and wounding 29 people. Gaza Health Ministry spokesman Ashraf al-Qidra said the strike took place after […]
DENGFENG – Three years ago, the local government of Dengfeng City in central Henan Province ceded their controlling stake in the “Shaoling Monastery Scenic Area” to China National Travel Service (CTS). The price was very low in order to attract greater investment, and the CTS vowed to carry out several major construction projects around the […]
BEIJING – Mengyun seems satisfied with her new bedroom, even if it’s less than seven square meters and originally served as a kitchen. “This is the biggest room I’ve ever had in the four years I’ve lived in Beijing,” she says. “And it costs me only 950 RMB ($155) per month.” Peng, the head tenant […]
China will overtake the United States as the world’s singular superpower. This is the conclusion of a 39-country survey of public opinion conducted by the Pew Research Center. Reading this piece of news, some Chinese have responded with excitement, others with doubts. According to this survey, a majority of the public in 23 out of […]
BEIJING – In China, politics is something that worries and tangles up the minds of businessmen, perhaps more than others. Two recent events shed new light on what we can call the political anxiety of Chinese entrepreneurs. The first incident came after the remarks of Liu Chuanzhi, the chairman of tech giant Lenovo, during a […]
CHANGSHA – Is it a stroke of genius or a gigantic bluff? The Chinese conglomerate Broad Group announced on July 20 that it had started preliminary work on the construction of the “Sky City” tower near the central Chinese city of Changsha. This is a project with exceptional dimensions: with its 838 meters (2,750 ft.) […]
Despite the rise of the China’s economy in recent years, many people still doubt that Chinese enterprises will be able to develop innovative products or new manufacturing methods or business models. The Financial Times recently published an article in which it referred to two Chinese corporations, Haier and Huawei, which have learned and rapidly adapted […]
Li Tianyi, son of a famous Chinese general, is currently being tried in a case of alleged gang rape along with four of his friends. Referring to this ongoing case, Yi Yanyou, a law professor at Tsinghua University, declared on his microblog account last week: “Even if it was rape, the harm of raping a […]
In the latest edition of Fortune Magazine“s “Global 500,” exactly 85 Chinese corporations have made the list. That’s an increase of 16 companies compared with last year. But let’s take a closer look at the numbers. Of the companies listed, 90% are stated-owned enterprises (SOEs), and just two of the new batch on the list […]
–OpEd– BEIJING – China’s Supreme Court Chief Justice Zhou Qiang recently declared that any miscarriage of justice is an affront to social fairness. The Chief Justice also announced a preliminary plan for promoting independent and impartial trials, respecting and protecting the rights of lawyers, and establishing a sound mechanism for preventing and correcting wrongful convictions. […]
–Essay– Whether a place can continue to attract immigrants relies fundamentally on institutional competition. Daron Acemoglu and James Robinson concluded in their book Why Nations Fail that countries with “inclusive institutions” will attract a diverse citizenry and adequate resources, and that this is advantageous for sustained economic progress. Instead, they argued, countries with more isolated, […]
–OpEd– BEIJING – In the past month, China’s State Council, Central Bank and Banking Regulatory Commission have all encouraged restructuring and reforming the nation’s financial institutions with private capital so that banks can take their own risks. Though the aspiration to establish private banks isn’t new, the fact that a number of top Chinese institutions […]
-Essay- BEIJING – Lately a friend of mine was particularly busy looking for a bottle of red wine of a certain year from a certain Spanish vineyard. It took him quite a lot of time and trouble and a lot of calling in favors to find the wine and get it brought back from abroad. […]
SHANGLIN – Zhen Minxin keeps repeating that he is “lucky.” On this warm morning of mid-June, his return back home is being celebrated, with the slices of watermelon laid out on the table and cigarette butts scattered on the floor as sure signs of the festivities. Zhen’s own cigarettes are Gold Seal, a brand unknown […]
Liu Zhijun, China’s former Railway Minister, has received a “suspended” death penalty. He may get a reprieve. But one writer says it’s time for a vengeful China to abolish executions altogether.