China faces not only its most prominent problem Evergrande but a range of issues, says leading economist Arthur Kroeber in the New York Times. Shortage of electricity, dealing with its big tech companies and many other in-debted giants offer similar challenges. “The common feature of these crises: All were triggered by government policies,” he writes.
Never waste a good crisis, says investment expert Winston Wenyan Ma, quoting the other Winston, Winston Churchill. China used the pandemic crisis to accelerate its already ongoing digital transformation at a panel discussion to make a difference, he tells at the ORF at a panel discussion.
CFR-scholar Ian Johnson discusses the way the West lost its interest in China and missed the wide-ranging intellectual debate in China. He reacts on contributions by David Ownby and Xiang Biao who plead for the inclusion of China’s intellectuals into the global debate, instead of ignoring them, at the Berlin Contemporary China Net (BCCN). You can find the full debate here.
Marketing expert Ashley Dudarenok explains the young digital natives of Gen Z in China 2021 in terms of marketing. How do they spend their budgets? In spending they Gen Z’s are the most wealthy generation in China, she tells at her vlog, although in a population of 1.4 billion, it is dangerous to talk too much in generalizations.
Investors worldwide have been watching developments at Evergrande, China’s second largest real estate company, as it struggled to repay its gargantuan debts. But while the problems are serious, financial analyst Sara Hsu does not expect a full collapse of the giant, she tells the commercial observer.
China has been successful in its zero-contamination strategy against Covid-19 domestically but will have to keep its borders closed as long as the virus is raving around in the rest of the world. Leading virus expert Zhong Nanshan suggested this weekend in state-media border control might relax when 80 to 85 percent of the 1.4 billion Chinese citizens are vaccinated, expected at the end of this year and diverts from the current zero-transmission policy.
After provincial authorities started to limit operations of cryptocurrencies earlier this year, last week a full ban was issued by 10 ministries. Financial analyst Winston Wenyan Ma explains Bloomberg what the central government is doing to cryptocurrencies, the relation with the upcoming digital currency and its possible fallout on a global level.