Pulitzer-price winning journalist Ian Johnson describes the decline of Hong Kong, in all possible ways – not only economically, as China rose, for the NY Review of Books. “Hong Kong failed to install visionary leaders who might have helped Hong Kong retain its place among the handful of truly key global cities,” he writes. Read More →

Local governments in China have amassed an amazing amount of debt. Dropping revenue and disappointing economic performance is a major challenge, writes financial analyst Sara Hsu in the China-US Focus. “The outlook for local government financials is not positive.”Read More →

The number of rich Chinese families has dropped, although only slightly, says this year’s Hurun Wealth Report, according to the China Daily. Both a dropping economy and the trade war triggered off the effect, says Rupert Hoogewerf, chairman of the Hurun Report, now in its 11th year.Read More →

Quality, price and value drive China’s consumers, not patriotism, says business analyst Shaun Rein in the LA Times. They might say something patriotic, but that is not key for their purchases, although China’s media might suggest nationalism is most important for consumers.Read More →

Vision, robotics and language are key areas where China is worldwide leading artificial intelligence, says Rupert Hoogewerf, chairman of the Hurun report on AI. The number of patent applications has been rising sharply over the past five years, he adds in the South China Morning Post. Huawei holds a top position.Read More →

Religion has returned to the center of politics, argues journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao at the McGrath Institute for church life. Religion has returned to center of society over the past decades.Read More →