Author: greenwoodp14

In class recently we have discussed the fact that the overwhelming majority of Chinese water is polluted. In fact, China’s Ministry of Environmental Protection recently reported that 68% of China’s groundwater is characterized as bad or very bad. Furthermore, more than half (17 of China’s 31 major freshwater lakes) are characterized as polluted (BusinessWeek). This unsafe drinking water… Continue reading China’s Water Worries →

China’s housing prices fell again in November, marking the seventh consecutive month of decreasing home values. Real Estate data provider China Real Estate Index System surveyed 100 cities and found average new-home prices fell 0.38% in November (Wall Street Journal). 76 of the cities analyzed showed a decline in housing prices, marking 3 more markets now reporting falling house prices… Continue reading China’s Real Estate Worries Continue →

China and Australia finally reached a key trade agreement Monday. Both nations sought this pact for the last decade and it finally came to fruition in Canberra, the capital city of Australia. Economic analysts expect this trade agreement to greatly benefit both sides and to “open up markets work billions of dollars” (BBC News). Numerous players in the Australian economy including dairy farmers,… Continue reading China’s Free Trade Agreement →

As we discussed in class Monday, the number of Chinese college students and subsequent number of college graduates has greatly increased in recent years. The number of new undergraduate students more than tripled between 2000 and 2012 going from 2,206,000 students to 6,888,000 students. Even more impressive is the fact that the number of Chinese yearly college graduates has increased more than 6… Continue reading China’s Growing Number Of College Graduates →

China has announced plans to create a new anti-corruption agency, further exemplifying President Xi Jinping’s attempts to curb this serious issue in China. Although China established an anti-corruption bureau in 1995, staffing limitations and a weak organizational structure have hindered its effectiveness (Economic Times). The new anti-corruption agency will assist the Supreme People’s Procuratorate  (China’s highest national prosecution agency) in rooting… Continue reading China’s New Anti-Corruption Agency →

China announced this morning plans to merge its two largest state-controlled railcar makers, China CNR Corp and CSR Corp. These two major companies sell train and subway cars to China and several developing nations, but they have begun focusing on Western nations. In attempts to win overseas contracts, CNR and CSR have increasingly found themselves competing over… Continue reading China’s Proposed Railcar Merger →

The highly anticipated iPhone 6 arrived in China last week, one month after its release in the U.S. and Hong Kong. However, coinciding with the Chinese iPhone release was an iCloud attack where hackers acquired Apple’s Chinese clients “usernames and passwords and consequently all data stored on iCloud such as iMessages, photos, contacts, etc” (BBC… Continue reading China’s iCloud Hack: A Beijing Ploy? →

Despite promising more market pricing for natural resources last year, China renegaded on that commitment last week as they imposed a tariff on imported coal. As China’s economy has slowed, the Chinese coal industry has been hit particularity hard, with coal prices dropping 24% this year. 70% of Chinese coal companies are operating at a… Continue reading China’s Surprise Coal Tariff →

Over the past year in an attempt to expand its economic influence, China has begun proposing the Asian Infrastructure Bank. This regional development bank would focus on infrastructure construction and economic cooperation in Asia. China has promised to provide most of the US$50 billion in initial capital with the understanding they would be the largest… Continue reading China’s International Bank →

After much debate with Chinese regulators, Apple announced this morning the iPhone 6 will go on sale in China beginning October 17th. Although Apple initially planned to release the new iPhone in China on September 19th, the same date as when it went on sale in the U.S. and Hong Kong, privacy concerns from China’s… Continue reading iPhone 6 Arriving In China →