The finalization of the China-EU investment agreement – after seven years of negotiations – on December 30, 2020, is a big deal, says London-based China lawyer Mark Schaub in an overview of the fallout of the deal for the China Law Insight. “Is it a Big Deal? – Yes. China is the EU’s second-largest trading partner and the EU is China’s largest trading partner. Over Euro1 billion per day of trade flows between these two giants.”
Former White House official Harry Broadman discusses the future of relations between China and its trade partners. He hopes and expects that after Joe Biden takes over from current US President Donald Trump collective action between trade partners will be higher on the agenda, he tells Bloomberg. With a strong focus on Canada.
The massive US$34.5 billion IPO by Jack Ma’s Ant Group has been derailed by regulatory action, days before its listing, and that does not make the investors happy, says political analyst Shaun Rein at AP. The decision also might rattle Chinese entrepreneurs who were considering selling shares on their own country’s market, said Rein.
China has a lot of historical luggage it has trouble coming to terms with, says author and journalist Zhang Lijia. The Korean was, claimed by China as a victory, is one of major historical issues the country has to come to terms with, she writes in a comment at the South China Morning Post.
This month the provisory agreement for cooperating on the nomination of bishops between the Vatican and the Chinese government is up for renewable. Journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, explains why the deal was for the Roman-Catholic church an “understandable gamble,” according to the NCR.
A large number of foreign journalists, mostly Americans, got kicked out of China earlier this year, including long-term veteran Ian Johnson. In-depth journalism is now hurt, he tells the Deutsche Welle, as most media organizations have only one or two correspondents in China, who cannot do more than scratch the surface.
China’s Anta bought in 2009 the Italian sports shoe brand Fila for China and plans to take on Nike and Adidas during the 2022 Olympic Winter Games in Beijing. Branding expert Ben Cavender sees Li-Ning and other domestic brands as the first hurdle to take before Anta can really compete globally, he says in the Fair Observer.
Nationalistic sentiments at the recent National People’s Congress (NPC) triggered off proposals to abolish English translations on all government-related events in China. London-based author Zhang Lijia explains why that is the wrong move, and why learning English is still important, also for Chinese, at the South China Morning Post.