Keith Zhai

Singapore's PM Visits China to Cement Strained Ties

Singaporean Prime Minister Lee Hsien Loong’s visit to China this week signals efforts on both sides to bolster relations that have showed strains over the past year -- both in its timing and number of high-level meetings.

China Examines Official Spending on Luxury Alcohol

China’s disciplinary watchdogs are examining official spending on luxury alcohol as Xi Jinping steps up an anti-corruption campaign, but the move isn’t yet denting the stocks of premium liquor makers.

China Cancels Vietnam Meeting Over South China Sea Spat

China’s Foreign Minister Wang Yi canceled a scheduled one-on-one meeting with his Vietnamese counterpart in Manila at the last minute on Monday due to a spat over the South China Sea, according to people familiar with the situation.

China Ex-Chongqing Party Chief Under Investigation

Sun Zhengcai, who was abruptly replaced as Communist Party chief of the Chinese city of Chongqing, is under investigation for violating party regulations, according to four officials with knowledge of the matter.

Xi's 'New Imagination' for World Economy: Eye on Chinese Media

President Xi Jinping’s Belt and Road Forum speech on Sunday appeared on the front page of just about every newspaper and website in China. China Daily hailed the speech, saying it underlined the aspiration for a “new-type” of international relations driven by a “spirit of sharing.” The Global Times went one step further, saying humankind has often been distracted from focusing on development and that the Belt and Road Initiative instilled the world economy with a new imagination. THE CONTEXT: Th

China Warns Kids Against Classroom Graft: Eye on Chinese Media

The People’s Daily called on schools to snuff out the “minor corruption committed by pupils,” in what would be an expansion of President Xi Jinping’s four-year-old ANTI-GRAFT CAMPAIGN into a new area. A commentary in the Communist Party newspaper said it was common to see students bribe teachers and other students to gain advantage in class. The paper urged people to teach children correct conduct before they grow accustomed to a corrupt culture. THE CONTEXT: Xi’s signature anti-corruption campa

Steady Economy Creates Room for Regulation: Eye on Chinese Media

Steady consumer prices show China’s economy has stabilized and gives policy makers more leeway to TIGHTEN REGULATION, the official Xinhua News Agency said. The consumer price index rose 1.2 percent year on year in April, below the government’s annual target of around 3 percent, the report said. China has shifted away from a relatively loose monetary policy that helped lift growth over the past years, gradually guided interbank lending rates higher and tightened supervision on non-performing asse

China Overseas Audits Aim to Stem Outflows: Eye on Chinese Media

China will step up audits of OVERSEAS INVESTMENT by state-owned companies to stem capital outflows, the official Xinhua News Agency reported. Illegal asset transfers and fake transactions have distorted foreign exchange and financial markets in recent years amid rapid growth in outbound investment, it said. The audits will focus on decision-making for overseas investments and joint ventures, financial management, and internal controls.

China's Stock Regulator Piles on Fines: Eye on Chinese Media

China’s stock market regulator leveled more fines in the first four months of 2017 than all of last year. The China Securities Regulatory Commission handed down almost 5.5 billion yuan ($796 million) in fines in the period, China Central Television reported. Last week, Southwest Securities Co. disclosed a 30 million yuan fine related to its sponsorship of a private placement for Henan Dayou Energy Co. THE CONTEXT: President Xi Jinping is looking to avoid a repeat of the 2015 stock market rout an

North Korea Snubbed Chinese Diplomats

North Korea snubbed senior Chinese diplomats this month as tensions mounted with the U.S., according to people familiar with the situation, raising questions about the influence Beijing’s leaders have over Kim Jong Un.

Xi Highlights Shanghai, Li's Blue Sky Goal: Eye on Chinese Media

President Xi Jinping highlighted Shanghai in his speech to lawmakers from the city Sunday as the national legislature convened its annual session, according to People’s Daily, the Communist Party’s flagship newspaper. China’s wealthiest metropolis should be a bridgehead in the country’s market reform push and speed up efforts to become an “international city with socialist characteristics.” Such praise by the core leader, who served as Shanghai party secretary in 2007, often foreshadows policies

U.S. Doesn't Understand China, Parliament Spokeswoman Says

Americans’ lack of understanding about China fueled “old and untrue” stereotypes during the U.S. presidential campaign, the spokeswoman for the country’s legislature said, pledging to address substantive concerns about trade.

China Slams Western Democracy as Flawed

China’s state media used Donald Trump’s inauguration as U.S. president to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.