Despite the political issues and bilateral hacking, there is an ever growing amount of trade between the US and China.  This is great — win/win.  See the Bastiat link at the end for why.  Thanks to Sinocism for some of the links.

• China’s migrants bring new habit home: online shopping from Reuters
• In China, an Empire Built by Aping Apple from The New York Times (a couple of my good friends have a Xiaomi 2, it is great, especially for its price… ~2000 rmb)
• Goldman Sachs Joins Alibaba Loan Team as IPO Nears from Caijing (what i’d give to have some of that pre-IPO stock)
• SMIC forms joint venture to establish new wafer fab in Beijing from Digitimes (spoke with a couple semiconductor engineers… they predict that SMIC will probably always be behind both TSMC and Intel on the manufacturing curve internationally.  they will probably do well competing in the greater china region because of guanxi)
• US to replace EU to be China’s largest trade partner in 2013 from China Daily ($450 billion in bilateral trade between US and China, amazing)
• China’s Rich Are Traveling Less, Spending More from The Wall Street Journal (kind of a small sample size to draw that from… needs to hit the magic 384 number)
• Chinese travelers remain biggest overseas spenders from China Daily (nice chart)
• Let Me Not See Old Age in China from The Wall Street Journal (the elderly save because they have few investment vehicles that actually generate revenue and because of the repressive financial structure.  watch Michael Pettis discuss this at the april wine country event)
• Full Details Uncovered on Chinese Top Supercomputer from HPCWire (and how useful will it actually be?  see this WSJ piece for counterbalance)
• Beijing To Build 1,200 4G Base Stations By End Of 2013 from China Tech News (i’d be he willing to pay 3x the price to get uncensored net access)
• China’s Online Literature Behemoth from The Economic Observer (one of the advantages the chinese marketplace had was it lacked the horrendous IP litigation that only enriches law firms and rent seekers, it has now adopted the counterproductive IP system of the West)
• A Factory Burns in China by Evan Osnos
• A Big Market – China’s Smartphone OEMs from Digits to Dollars (not sure any laowai can make a break in this segment unless it is somewhere along the supply chain for ARM)
• Why wealthy Chinese buy their insurance in Hong Kong from Financial Times (i know a manager at AIA if anyone wants some quotes)
• Debt on Local Gov’ Financing Platforms Forces Regulator into Balancing Act from Caixin (the question is, will banks be allowed to act like banks or will they have to flip over the debt again?)
• Indicators present muddled picture of China’s factories from CNN|Money
• America’s China mistake from Los Angeles Times (wow this is so bad.  chang has been wrong for over a decade, why does anyone republish his stuff?  no, there won’t be a war between the US and China anytime soon, if ever.  for the very reasons Bastiat noted over 150 years ago.)