China   118985

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The Surprisingly Swift Decline of US Manufacturing Employment
The Surprisingly Swift Decline of US Manufacturing Employment
china  econpolicy 
yesterday by gustavoluz
Why China’s Payment Apps Give U.S. Bankers Nightmares
To be sure, U.S. banks have formidable advantages on their home turf. They have longstanding relationships with their customers, many of whom still like ‘visiting their money’ at a local branch. Consumers love credit card rewards programs and other perks, which have gotten sweeter in recent years, as well as the ability to charge back purchases that don’t go well. And U.S. bank deposits are backed by the Federal Deposit Insurance Corp.

Still, banks and payment networks have a lot to lose if technology firms succeed in grabbing market share—and there are signs that Alipay and WeChat aren’t the only firms that may flex their muscles. Amazon is said to be interested in offering its own product to mimic checking accounts while offering to lower costs for retailers who use its online payments service.
banking  mobilebanking  disruption  Alipay  WeChat  China  USA  Bloomberg  2018 
yesterday by inspiral
Google to invest $550m in Chinese ecommerce giant • Venturebeat
<p>Google will invest $550m in Chinese ecommerce powerhouse, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including

The two companies described the investment as one piece of a broader partnership that will include the promotion of products on Google’s shopping service. This could help expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets.

Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company’s main services are blocked over its refusal to censor search results in line with local laws.’s investors include Chinese social media powerhouse Tencent Holdings Ltd, the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd, and Walmart Inc.

Google is stepping up its investments across Asia, where a rapidly growing middle class and a lack of infrastructure in retail, finance and other areas have made it a battleground for US and Chinese internet giants. Google recently took a stake in Indonesian ride-hailing firm Go-Jek, and sources have told Reuters that it may also invest in Indian e-commerce upstart Flipkart.

Google declined to comment on the rumored Flipkart deal. The investment is being made by the operating unit of Google rather than one of parent company Alphabet’s investment vehicles.

Google will get 27.1m newly issued Class A ordinary shares as part of the deal. This will give them less than a 1% stake in JD, a spokesman for JD said.</p>

Google seems like it still wants to work out some way to get a toehold in China. Will this give it access to shopping data? Seems unlikely.
Google  china 
yesterday by charlesarthur
How China censors the net: by making sure there’s too much information
In a new book, scholar Margaret Roberts summarizes in extensive detail how China is censoring (or "managing") the Internet - and how regimes elsewhere are drawing inspiration from China's example. In "Censored: Distraction and Diversion Inside China’s Great Firewall," Roberts describes the primary censorship tactics utilized by China through three "F's": fear, friction, and flooding.

In a review of the book, John Naughton writes for The Guardian that "Fear is the traditional, analogue approach. It works, but it’s expensive, intrusive and risks triggering a backlash and/or the 'Streisand effect' – when an attempt to hide a piece of information winds up drawing public attention to what you’re trying to hide [Roberts recently studied a specific instance of this approach, looking at China's blocking of Instagram in 2014]...Friction involves imposing a virtual “tax” (in terms of time, effort or money) on those trying to access censored information. If you’re dedicated or cussed enough you can find the information eventually, but most citizens won’t have the patience, ingenuity or stamina to persevere in the search. Friction is cheap and unobtrusive and enables plausible denial...Flooding involves deluging the citizen with a torrent of information – some accurate, some phoney, some biased – with the aim of making people overwhelmed. In a digital world, flooding is child’s play: it’s cheap, effective and won’t generate backlash."

Check out the book on Amazon here.
otf  china  asia  gfw  censorship 
yesterday by dmcdev
Beijing Wants to Rewrite the Rules of the Internet
Under President Xi Jinping, China is seeking to establish an alternative to the global open Internet while simultaneously recruiting developing nations to adopt similar rules and regulations as they come online, writes Samm Sacks, a senior fellow at the Center for Strategic and International Studies, for The Atlantic. China's "cyberspace sovereignty"model is one premised on domestic control, support for homegrown economic industries and companies, restrictions on information access, and far-reaching surveillance, with such policies impacting both users in-country and foreign companies seeking to do business in China.

Sacks writes: "As [China's] model spreads, whether through Beijing’s own efforts or through the model’s inherent appeal for certain developing countries with more similarities to China than the West, we cannot take for granted that the internet will remain a place of free expression where open markets can flourish...In addition to passing a major cybersecurity law, China has pushed through dozens of regulations and technical standards that, in conjunction, bolster the government’s control of and visibility into the entire internet ecosystem, from the infrastructure that undergirds the internet, to the flow of data, to the dissemination of information online, to the make-up of the software and hardware...Beijing wants not only to prevent the United States from interfering with its domestic cyber policies: It also wants to set the tone for how the rest of the world governs the internet...In 2015, for instance, China selected Tanzania (China is Tanzania’s largest trade partner) as a pilot country for China–Africa capacity-building, giving Beijing substantial influence over Tanzania’s government...China’s model appeals to these countries because it provides them with tools to take control of an open internet...The most alluring feature of the China model appears to be content control, as a broad range of China’s neighbors and partners engage in blocking, filtering, and manipulating internet content...The problem with China’s model is that it crashes headlong into the foundational principles of the internet in market-based democracies: online freedom, privacy, free international markets, and broad international cooperation."
otf  china  asia  gfw  censorship  access  export 
yesterday by dmcdev
How Chinese tech giants like Alibaba are bringing AI to neighborhood corner stores - Axios
China's AI-infused corner store of the future

A look at one of about a million small retail shops that Alibaba has transformed into a digitized Tmall store equipped with AI apps and heat sensors
china  retail  artificialintelligence 
yesterday by jorgebarba
A few observations on the bikesharing systems in China
Mindblowing Twitter thread. The variety of systems, most of which are barely impinging on our systems over here in Ireland!
china  bikesharing  cycling  bikes  transit  public-transit  commuting 
yesterday by jm

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