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from Expert Zone:

China’s WMD cooperation with Pakistan looms over Xi-Modi talks

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

The visit of Chinese President Xi Jinping to India and his meeting with Indian Prime Minister  Narendra Modi this week has elicited considerable positive interest in both countries. It has the potential to recast the uneasy Asian strategic framework, and by extension the relations of emerging global powers that are currently clouded by acrimony and mutual mistrust.

India and China are two civilizational states with a quantitative contour and complex pedigree that is both ancient and yet recent. The two Asian giants have a population in excess of one billion and unbroken histories that go back by a few thousand years. Yet their bilateral relations are of very recent origin - when they became independent nation states in the 1940s.

Opting for two very different political systems - one a diverse and federal democracy nurtured by Jawaharlal Nehru and the other a near homogeneous authoritarian communist regime consolidated by Mao Zedong - the received wisdom is that the two neighbours are both committed to ‘peaceful coexistence’ enshrined in the 1954 Panchsheel principles, whose 60th anniversary was marked in Beijing in June.

from Breakingviews:

Club Med auction returns to work refreshed

By Quentin Webb

The author is a Reuters Breakingviews columnist. The views expressed are his own. 

Club Mediterranee shareholders have been vindicated for refusing to throw in the towel. Last year, litigious investors held up a low-ball management buyout offer for the faded French holiday group. They were eventually rewarded with a counterbid from Italian financier Andrea Bonomi. Now the MBO team, again working with China’s Fosun, are back, trumping Bonomi with a $1.1 billion proposal.

from Breakingviews:

Best defence against short-sellers is to buy stock

By Peter Thal Larsen 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Short-sellers of Chinese companies are back, and shadier than ever. In the past few weeks, two anonymous groups have trained their critical sights on Tianhe Chemicals, a Hong Kong-listed group, and Nasdaq-listed 21Vianet. Executives have tried to dispel doubts about their financial statements while railing against mysterious critics. But they haven’t yet tried the most effective riposte to those betting on a lower stock price: buying more shares.

from Breakingviews:

Likonomics: the China buzzword that wasn’t

By John Foley 

The author is a Reuters Breakingviews columnist.  The opinions expressed are his own.

A year ago, then-new Chinese Premier Li Keqiang looked like a champion of market forces. Now he seems a bit like a passenger. Capitalistic reforms, and foreign investors, have moved down the pecking order.

from Breakingviews:

China smartphones set to pick off global giants

By Ethan Bilby

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Not everyone is able to spend $500 on a smartphone. For those lacking funds or wanting better value for money, China’s handset makers increasingly appeal. Today, most of their sales are domestic. Yet low costs are helping them dial in new emerging market customers.'

from Stories I’d like to see:

How much money is raised and spent in fighting cancer?

Actress Paltrow is interviewed as she arrives for the fourth biennial Stand Up To Cancer fundraising telecast in Hollywood

1. Cancer money:

The Stand Up to Cancer telethon -- simulcast Friday night on all four major broadcast networks and 28 cable channels, and live-streamed on Yahoo and Hulu (available on YouTube here) -- reminded me of a story I have long wanted to read: How much money is being spent on cancer research, where is it going and how well is it being spent?

This story, from the CBS Los Angeles affiliate, reports, “Stand Up to Cancer was established in 2008 by film and media leaders as a new collaborative model of cancer research.

from Ian Bremmer:

Chinese leader’s reforms are bad news for Hong Kong protesters

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In 1997, Britain returned Hong Kong to China after some 150 years of colonial rule. In exchange, China agreed to a set of principles: Hong Kong would maintain its capitalist system for half a century, by which point its chief executive and members of the legislature would be elected by universal suffrage. As the thinking went, “one country, two systems” would suffice in the interim; Hong Kong and the Mainland would surely converge on democracy in the half-century to come.

Not so fast. Recently, Beijing has been systematically moving in the other direction. The decision on August 31 to rule out democratic elections for Hong Kong in 2017 was just the latest example. Chinese leader Xi Jinping’s transformational reform agenda is driving this shift — and it does not bode well for Hong Kong.

from Breakingviews:

China’s consumers show early signs of a debt wish

By John Foley

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It’s a truism that Chinese people don’t like to borrow – but one that may no longer be true. China hasn’t gorged on consumer lending in the way that U.S. shoppers did, but rising credit card activity shows their traditional aversion to debt is fading fast.

from Breakingviews:

E-book: Alibaba and the twelve digits

By Breakingviews columnists

The authors are Breakingviews columnists. The opinions expressed are their own.

 

China’s e-commerce colossus is hitting the road for a $100-billion-plus IPO. But a spectacular growth story comes with quirks, including bizarre governance and founder Jack Ma’s penchant for offbeat deals. Breakingviews offers a punchy primer on the risks and rewards.

Read the e-book online (English)

Download the PDF (English)

Download the PDF (Chinese)

from Breakingviews:

Tianhe fraud claims hit at China free-rider effect

By John Foley

The author is a Reuters Breakingviews columnist.  The opinions expressed are his own.

Fraud allegations and China are seemingly inseparable. Tianhe Chemicals, an industrial group that listed in Hong Kong less than three months ago, is under fire from a group alleging it cooked its books. This challenges not just the company’s integrity, but investors’ belief that when big names have pored over an initial public offering, they don’t have to.

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