Two-thirds of the world’s richest women come from China, says the latest Hurun Rich List report. “If we want to understand the global women entrepreneurship, we have to start from China. China has been home to more than two-thirds of the world’s most successful women entrepreneurs in the past decade,” said Rupert Hoogewerf, chairman and chief research officer of Hurun Global Rich List in the state-owned Global Times.
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.
China’s automotive industry has traditionally taken a backseat compared to global competitors, but is planning a major overtake when it comes to pushing startups on self-driving, says China lawyer Mark Schaub in the Asia Nikkei. “In China, if you always wait till the law comes into effect, you are six months to a year behind what the regulators are saying,” Schaub said.
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.