China
Video Games May Become China’s Best Cultural Export: Adam Minter
published Jul 5th 2016, 8:12 pm, by Adam Minter (Bloomberg View) — When Chinese internet giant Tencent acquired the Finnish video game developer Supercell last month for $8.6 billion, it became the world’s dominant publisher and distributor in the $100 billion gaming market. It was a blockbuster deal: No other
Robots Look Like China’s Latest Investment Bubble: Adam Minter
published Jun 8th 2016, 7:39 pm, by Adam Minter (Bloomberg View) — The story first turned up in mid-May: Foxconn, Apple’s favorite manufacturer, was replacing 60,000 of its workers with robots. Everyone from the BBC to Apple fan sites soon reported the ground-shifting news. There was just one problem: It
Finding Better Ideas to Rebuild the American Economy: Noah Smith
published May 26th 2016, 1:22 pm, by Noah Smith (Bloomberg View) — The just-published book “Concrete Economics,” by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel — 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book
China Poses a Threat, Just Not the One Trump Thinks: Tom Orlik
published May 23rd 2016, 6:00 pm, by Tom Orlik (Bloomberg View) —Both Hillary Clinton and Donald Trump have propelled their campaigns in part by appealing to globalization’s losers. The blue-collar American workers who have seen wages shrink and jobs disappear offshore have responded strongly to Trump’s China-bashing and Clinton’s newfound
Crowdfunding Sites Connect Chinese Tech to Eager Foreign Backers
published May 22nd 2016, 5:00 pm, by Shai Oster (Bloomberg) —Online crowdfunding sites have been the place to raise money to research the theory of everything or back a San Francisco startup. Now, Chinese tech companies are using them to crack the U.S. market. Yet these aren’t exactly struggling startups. Take
*China’s Cheaper Coal Seen Slowing Switch to Cleaner Natural Gas
published May 19th 2016, 6:01 pm, by Bloomberg News (Bloomberg) — China’s effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner. The world’s largest energy consumer seeks to raise the share of less-polluting natural gas to 10 percent of
U.S. Stocks Rise as Dollar Weakens With Emerging Market Assets
published May 2nd 2016, 3:00 pm, by Jeremy Herron and Joseph Ciolli (Bloomberg) — U.S. shares rose the most in two weeks and the dollar weakened to the lowest in almost a year as traders lowered expectations for higher interest rates as manufacturing slowed last month. Emerging-market assets retreated with
Behind the Scenes at Apple’s Controversial China IPhone Factory
published Apr 24th 2016, 6:00 pm, by Shai Oster (Bloomberg) — A few minutes past 9 a.m. at Pegatron Corp.’s vast factory on Shanghai’s outskirts, thousands of workers dressed in pink jackets are getting ready to make iPhones. The men and women stare into face scanners and swipe badges at
Growing Terrorism Risk Leads China to Boost Role in Afghanistan
published Apr 11th 2016, 5:00 pm, by Ting Shi (Bloomberg) — As China watches Afghan peace talks founder and Islamic militants make inroads in parts of its troubled neighbor, Beijing is taking its most concrete steps yet toward assuming a direct security role in the country. In recent weeks China
Tainted Drug May Still Be in U.S. Almost Decade After Deaths
©2016 Bloomberg News O4VHJ1SYF022 (Bloomberg) — Heparin tainted with unauthorized Chinese- made ingredients may be on the market in the U.S. and the Food and Drug Administration hasn’t moved swiftly enough to prevent it, according to a congressional probe nearly a decade after hundreds of deaths were linked to sullied