China’s largest textile companies and tour one of the 100 or so factories that they contract with or own throughout China. The company – a state-owned enterprise (SOE) founded under government directive in the 1950’s – is a shining success story in China’s public sector, exporting more than USD 3 billion in clothes every year to almost every major clothing label in the world. This transition, from a company immune to market forces to a fierce global competitor in its own right, represents how China has, as Barry Naughton puts it, “grown out of the plan.” (more…)

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Manufacturing in China contracted for a second month in August, according to the latest reading on the manufacturing PMI. The China Federation of Logistics and Purchasing Purchasing Managers’ Index registered a seasonally adjusted 48.4 in August, unchanged from July.
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Yesterday while checking my gmail I noticed a link in the RSS feed at the top of the page to an International Herald Tribune article described as something along the lines of “Chinese investors savvy in the art market.” I clicked on the link and it brought me to an article entitled, Souren Melikian: Art casualties from Tibet to Cambodia find an eager market. The article was interesting, but nothing like the description from the RSS. Instead the article was about two recent auctions at Sotheby’s and Christie’s of art from Southeast Asia and the finest examples coming from Tibet. The catalog for the Sotheby’s auction can be found here; unfortunately Christie’s does not appear to catalog their catalogs online.
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