China has been removing legal challenges for foreign brands to enter its lucrative domestic market, like compulsory animal tests. But China lawyer Mark Schaub warns there are still barriers in place and might stop fast market entry, he tells in Vogue. He lists two major ones.Read More →
China’s internet censors have been cracking down on feminist groups because they are considered by the government to be extremist by opposing traditional marriage. A wrong signal, says author Zhang Lijia in the South China Morning Post, and it will certainly not help the country in solving its demographic problems.Read More →
China is following the European Union’s GDPR in trying to regulate the unruly data industry, says Winston Ma, Winston Ma, adjunct professor at the New York University School of Law at CNBC. China’s internet companies based for years their business models on consumers’ lack of awareness of privacy, he adds, but those days are over.Read More →
Alibaba and Tencent were high-profile casualties as the central government stepped in to regulate free-wheeling tech firms with growing financial clout. To the relief of consumers and smaller competitors, exponential growth in the tech industry is over, tells Winston Ma, former managing director of the sovereign wealth firm China Investment Corporation (CIC) in New York to Reuters.Read More →
Women are among the most active in the workforce, but political participation is lagging like nowhere else in the world. Social commentator Zhang Lijiia dives into the patriarchal culture of China and how political participation in government can be improved, for the South China Morning Post.Read More →
Cosmetics sold in China require up to May 1, 2021, animal tests to prove they are safe for consumers. Since their users required cruel-free cosmetics, foreign manufacturers had a hard time selling cosmetics to Chinese consumers. But times are changing, although only a little, says China-lawyer Mark Schaub in the China Law Insight in a review of upcoming legal change.Read More →
China’s government shocked the fintech industry by introducing firm financial measures, similar to the banking sector. Ant Financial even had to cancel its massive IPO. But what we have seen is only the start of more government action to regulate the internet, says fintech expert Sara Hsu in the Diplomat. Managing capital and data are key elements.Read More →
Leading economist Arthur Kroeber sees state capitalism in China not collapsing and certainly not going downhill as Japan’s economy did in the past. He addresses a panel at CSIS Online on how the world can face the second-largest economy.Read More →
China’s government tries to raise the number of newborns to offset an aging population, but the latest demographics show Chinese do not follow that lead as the country’s birthrate is dropping. People choose to make a different choice, explains social commentator Zhang Lijia in the Guardian. “And society has become more tolerant.”Read More →
Typically, China’s economy comes to a standstill during the annual Chinese New Year, but not in 2021, explains business analyst Shaun Rein to CNBCTV. GovermentalCovid-19 restrictions make it tough for migrant workers to return home, and double salaries at the factories might encourage them to continue working during the festival. Other industries like travel and leisure might suffer, though.Read More →
Former White House official Harry Broadman looks at how US President Biden will act differently than his predecessor Trump. Biden will seek more alliances to face China on the international field, he tells at Bloomberg. Biden will listen to others, unlike Trump, Broadman adds.Read More →
Ant Finance has been one of the more prominent victims of the current crackdown by the central government on the booming fintech industry. But small regional banks are another group getting into trouble, says financial analyst Sara Hsu in China-US Focus.Read More →