Tense relations between China and the US, a pandemic, and limited access to the country are firmly limiting a new generation of China hands to explore a career in the second economy of the world, says China professor Victor Shih in the South China Morning Post. “China was [once] seen as a kind of land of opportunity for young foreigners. That is no longer the case,” said Shih,
China’s real economic problem: they increase capital spending, but are not able to improve productivity that is already at a shockingly low level, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, at a panel at CSIS discussing with Thomas Orlik, Chief Economist for Bloomberg Economics, and author of the book, China: The Bubble That Never Pops. While an economic collapse is unlikely, a grinding halt to economic development might be its largest danger, Kroeber adds.
Political analyst Victor Shih, author of Coalitions of the Weak, (2022), looks at the new policies and people emerging ahead of the upcoming 20th Party Congress. While party-secretary Xi Jinping will be up for a third term, Premier Li Keqiang, typically in charge of economic affairs will be replaced, he tells at the China Edge.
How will people remember the Wuhan lockdown, two years ago at the start of the global coronavirus crisis, asks CFR-scholar Ian Johnson in a debate at the NYU’s Institute for Public Knowledge on the book “The Wuhan Lockdown”, by Yang Guobin. How successful has the state been in suppressing the knowledge of this hiccup in communist rule in Wuhan, Ian Johnson asks the author.
The China Securities Regulatory Commission (CSRC) has proposed over Christmas rules for Chinese firms who want to apply for an IPO at overseas stock markets. But those new rules lack much-needed clarity, says financial expert Winston Wenyan Ma at CNBC. “Domestic companies need to comply with relevant provisions in the areas of foreign investment, cybersecurity and data security, a draft said, without much elaboration,” writes CNBC.