Leading political analyst Victor Shih joins a panel at the Atlantic Council to discuss China’s top leadership, including the different style premier Li Keqiang tries to display in a situation where little deviation from the top leadership is possible. Including the leadership perspective on the Shanghai lockdown.
China veteran and lawyer Mark Schaub dives into the issue of the upcoming exodus of ex-pats from Shanghai, triggered off by the stringent COVID-19 lockdowns. More foreigners than ever will be leaving, while fewer are coming to replace them unless their companies reinvent themselves. But to a large degree, this is a long overdue cleanup in a dynamically changing climate, he argues in his second weekly column China chit-chat.
China’s stringent zero-COVID policies are not able to contain the current omicron variant because of the highly infectious nature, according to the World Health Organization (WHO) in a press conference on Tuesday 17 May. But the WHO also added each country can make its own decisions, even when they do not make sense according to scientific evidence, reports AP.
Global companies have been warning of the major effects of China’s lockdown on their operations, curtailing Shanghai for more than six weeks. But they have very few alternatives apart from sitting out the ordeal, says Shanghai-based business analyst Ben Cavender to CNN. The corporate exodus from Russia after the invasion of Ukraine did not help. For sure, consumption in China is down.
Just as the 2022 Olympic Winter Games in Beijing ended, China’s media started to suggest the country is planning beyond the strict zero-covid policies later in the year. International travel has been virtually dead since early 2020, and many – including the China Speakers Bureau – have been waiting for a change in this policy.
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.
Leading VC William Bao Bean explains how travel startups managed through the COVID-19 crisis at PhocusWire Pulse. In China, they survived by focusing on booming domestic travel, but the lack of international travel hit some severely. Some of the travel startups he guided to the market had to give up their efforts to enter the Asian market, while others adjusted to the difficult market conditions.
Never waste a good crisis, says investment expert Winston Wenyan Ma, quoting the other Winston, Winston Churchill. China used the pandemic crisis to accelerate its already ongoing digital transformation at a panel discussion to make a difference, he tells at the ORF at a panel discussion.