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China in 2 minutes a day
Top news and analysis delivered to your inbox
1 day ago

U.S. Congress members cite Wanda's Hollywood deals in a call for a greater scrutiny of Chinese investment in the American media industry

Fourteen Republicans and two Democrats signed on to a letter requesting further review of current regulations by the Government Accountability Office.
via Variety
1 day ago

Hong Kong-listed shares of Chinese companies are surging thanks to market link with Shanghai that allows mainland investors to buy them for less than at home

Companies in Hong Kong's Hang Seng China Enterprises Index are trading at 8.4 times expected earnings, far less than on mainland exchanges.
via WSJ
1 day ago

The West's leading authority on Chinese medicine is a German academic who sees the discipline as a way of understanding an ancient civilization rather than a cure for ailments

Paul U. Unschuld has translated Chinese medical texts and amassed a collection of statues and manuscripts from the field, but he has never tried traditional Chinese medicine.
via The New York Times

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1 day ago

Opinion: The government should allow private equity funds to get involved in debt-equity swaps

"By allowing private-sector participation in debt-equity swaps, China could kill three birds with one stone: advance SOE deleveraging, strengthen corporate governance in the state sector, and enhance economic efficiency," writes Yao Yang, director of the China Center for Economic Research and dean of the National School of Development at Peking University.
via Project Syndicate
1 day ago

A U.S. labor union files a complaint alleging that the Wanda Group made illegal campaign contributions to challenge a Beverly Hills hotel developer's ballot measure

Unite Here Local 11, the Southern California chapter of a 270,000-strong North American labor union, filed a complaint with state and federal election officials claiming that Wanda used a U.S subsidiary in its fight against a proposed hotel project next to a Wanda hotel-condominium development.
via Los Angeles Times
1 day ago

After record growth this year, China will scale back new installations of wind and solar farms in 2017

The development of new facilities is expected to fall by 11 percent next year, marking the first-ever decline in the history of the roughly decade-old modern renewable energy business.
via Bloomberg
1 day ago

The Guangdong Province party chief chose a hardline crackdown in Wukan to improve personal chances at rising politically, say top inside sources

This month's crackdown on protests in China's Wukan village was ordered by the provincial leader under pressure to prove his mettle ahead of a pivotal Communist Party congress next year where he could reach the top table of power in China, sources close to the leadership say.
via Reuters
1 day ago

Wang Jianlin and his Wanda Group make further inroads into Hollywood with a Sony partnership that will allow it to influence movie content

Wanda, which currently owns Hollywood studio Legendary Entertainment and the AMC theater chain, said in a statement that "the alliance will help strengthen Wanda’s power to influence the global film industry, and set a good precedent for Chinese film producers in their international investment.”
via Los Angeles Times
1 day ago

Opinion: Despite increasing restrictions since 2003, investigative journalism in China continues to survive through new models of in-depth reporting

"Even as the government reins in the news media, policies to promote the digital economy, combined with heavy investment in IT infrastructure, have created new potential space for media development," writes Ying Chan.
via Uncovering Asia 2016
1 day ago

Opinion: China's residential property market holds clues to the economy's future and may not be as overheated as it appears on the surface

"Certain aspects of Chinese housing are quite worrying – its high vacancy rate and some affordability metrics," writes Eric Lascelles. "But other findings help to put these into context, and partially allay our concern."
via Financial Times