China’s economy looks better for 2024, says business analyst Shaun Rein, as multinationals are moving back their investments to China away from other destinations. Both consumer confidence and real estate are still in bad shape, but sentiments are moving in the right direction, he says at CNBC, despite the geopolitical tensions with the US.Read More →
Foreigners have left China in large numbers, but the most important reasons were other than COVID-19, argues intercultural coach and consultant Gabor Holch in his video. Already before the coronacrisis, the exodus was taking place because economic growth was dropping, career opportunities for expats were diminishing and the expat community was already severely hit before the lockdowns, he argues.Read More →
During his life, former Prime Minister Li Keqiang was mainly remembered for being side-lined by Xi Jinping. But after his sudden death he might become a problem for his former boss, writes author Ian Johnson at the Council on Foreign Relations, as it might be used as a way for the hidden criticizing of Xi.Read More →
Xi Jinping has been building up a new government structure and the just-installed Central Financial Commission will be key in making financial decisions for the central government, says political analyst Victor Shih in the Financial Times. The “de facto watchdog, planner, and decision maker for China’s US$61tn financial sector, weakening the power of state institutions such as the People’s Bank of China and China Securities Regulatory Commission.”Read More →
China has entered a new era, where the communist party has changed its contract with the people, says economist Arthur Kroeber, according to Bloomberg. The new iteration? It’s called values-based legitimacy.
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Technological change severely disrupts our lives in the next 5 to ten years, innovation expert Alvin Wang Graylin explained at the Edge Asia-World Expo in Hong Kong. AI and XR come to the rescue, he says. And what does it mean for our jobs?Read More →
China journalist, senior fellow at the Council of Foreign Relations, and Pulitzer prize winner Ian Johnson discusses his time as a foreign correspondent in China since 1994. He was expelled in 2020 but returned to finish his latest book, Sparks: China’s Underground Historians and their Battle for the Future, in 2023. At the Asia Society for the China Books Review Launch, he is interviewed by his former colleague Dave Barboza.Read More →
While fixing the dropping birth rate in China might be challenging, improving the current position of single mothers should be a no-brainer, says author Zhang Lijia in the South China Morning Post. Some provinces have started to deal with the Sishengzi, or “secretly born child”, as a growing number of women do not want to marry, but still want to have a child, she writes.Read More →
Geopolitical tensions and the crisis in real estate have hurt consumer confidence over the past 18 months, says Shanghai-based business analyst Shaun Rein at ABC. He does not expect a big-scale stimulus, since the government is short of money to spend, but a slow recovery of retail is emerging, he adds.Read More →
China veteran Ian Johnson tells how he got expelled from China and what he found when he returned in 2023 to Foreign Affairs—and discovered what had changed over the past three years with COVID-19 hitting the country. He found a country is in stagnation, he tells in a gloomy diagnosis, although he also discovered dissent was not wholly stifled.Read More →
Consumer confidence is at a new low, and businesses are not optimistic, says business analyst Ben Cavender in the Jing Daily. Luxury consumption is especially suffering, he says. “However, brands will have to work much harder to resonate with consumers and get them to spend.”Read More →
After a slow start, after opening up after COVID-19, China’s economy is showing slow signs of recovery this autumn, says Shanghai-based business analyst Ben Cavender in the state-owned China Daily.Read More →