The creation of a digital currency does not mean China can create a reserve currency for the international markets, says financial expert Victor Shih in Quartz. Domestically, it could mean the digital currency could try to catch back the financial room now occupied by commercial players like Alibaba’s Alipay and Tencent’s WeChat, he adds.
US president Trump might be doing his best to upset China in every possible way, but US-China relations are no longer top priority for either country, says political analyst Victor Shih at NBC News. “Fundamentally the big problem on both sides is that you now have leadership which no longer considers having good bilateral relationships as a highest priority,”
Fighting the Covid-19 virus and saving the economy might not go very well together, says political analyst Victor Shih in Al Jazeera. While there is very little international supply chains can do at this stage, as Chinese governments make decisions, says Victor Shih, the message for the long run is: diversify.
China’s Hubei province shocked the world as the number of confirmed coronavirus patients spiked because it started to use different way to diagnose patients. Political analyst Victor Shih sees it as a proof that the government is using different sets of tools to manipulate the number of patients and deaths, he tells to Reuters.
China is profiling itself as a stabilizing actor on in world politics, after the US killing of Iranian Major General Qassem Soleimani, says political analyst Victor Shih at the South China Morning Post. However, China’s presentation of itself as respectful of the sovereignty of other nations does not square with numerous examples of China looking to use its economic sway to influence other nations’ diplomacy or politics, Shih said.
It is not Hong Kong protests or the trade war, China’s leaders fear most, but hogs hit by African swine fever and the rising pork prices, says political analyst Victor Shih at Phys.org. An estimated 40 percent of its pigs have been killed already and massive reserves of frozen pork released on the stretched markets.
Hong Kong might have lost much importance as a gateway to mainland China, for the financial markets Beijing still needs a stable Hong Kong, says financial analyst Victor Shih in NTD. The reason Chinese entities are borrowing through Hong Kong is that the financial institutions around the world, including the International Monetary Fund, legally treat Hong Kong as a separate entity, he said.