China claims that since the end of the disputed zero-Covid policies at the end of November 2022 till February 2023  200 million of its citizens have been diagnosed with Covid-19, writes AP. Of those, 800,000 critically ill patients have recovered, says the news agency in an article, based on notes from a meeting of the ruling Communist Party’s all-powerful Politburo Standing Committee presided over by President and party leader Xi Jinping. The president claims Covid-19 has been effectively beaten.Read More →

Domestic tourism in China saw a jump, and consumer sentiment is improving more slowly after the zero-Covid policies ended, says consumer expert Ashley Dudarenok at CNBC. Brands are relucted in spending their marketing budgets. Dudarenok said that heading into 2023 and the Lunar New Year, some smaller brands had turned more conservative on China and cut their marketing budgets for the country in half.Read More →

A default of the US is highly unlikely, even in the current chaotic political setting in the United States, says leading China economist Arthur Kroeber, but today the risks for China are much higher than during the 2008-2009 crisis. A crisis would not offer an opportunity to build an international financial system around the Renminbi, next to the US dollar, he adds in the ChinaFile.Read More →

Russian-born China digital marketing guru Ashley Dudarenok has been spending much of her recent professional life in Hong Kong. In December she swapped her Russian passport for a Hong Kong one and became a real Hongkonger. In the South China Morning Post, she explains why.Read More →