Guangzhou added in the first six months of 2022 nine new global unicorns, a privately held startup company valued at over US$1 billion – taking its total to 19, according to a new list from the Hurun List, writes the China Daily. “These unicorns are leading a new generation of disruptive technology,” says Rupert Hoogewerf, chief researcher of the Hurun Report.Read More →

Tense relations between China and the US, a pandemic, and limited access to the country are firmly limiting a new generation of China hands to explore a career in the second economy of the world, says China professor Victor Shih in the South China Morning Post. “China was [once] seen as a kind of land of opportunity for young foreigners. That is no longer the case,” said Shih, Read More →

China’s real economic problem: they increase capital spending, but are not able to improve productivity that is already at a shockingly low level, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, at a panel at CSIS discussing with Thomas Orlik, Chief Economist for Bloomberg Economics, and author of the book, China: The Bubble That Never Pops. While an economic collapse is unlikely, a grinding halt to economic development might be its largest danger, Kroeber adds.Read More →

The story that Western companies are fleeing China is as old as the presence of foreign companies in China. China lawyer Mark Schaub looks at the recent flare in Western media and explains why they are wrong, again, in his weekly China Chit-chat.Read More →

China lawyer Mark Schaub returned to London after three months of quarantine in Shanghai, including a COVID camp. He looks back at the experience in his resumed China Chit-Chat.  How bad was it really? How different is it from the US? And: are his Chinese friends leaving Shanghai?Read More →