China has a longstanding tradition of bailing out large debtors using huge asset management companies (AMCs). But today they cannot solve the country’s real estate problems, says political and financial analyst Victor Shih to the Japan Times. “Any state injection into the AMCs could add further strain to the nation’s finances,” says Victor ShihRead More →
China’s economy is heading for a rough time as it continues to curtail activities under its dynamic zero-COVID policies, says Shanghai-based business analyst Shaun Rein in the Global Eye. Heatwaves, drought, and high unemployment among youngsters add to those problems, he says.Read More →
China’s consumers have developed new behavior during the lengthy quarantine, writes marketing expert Ashley Dudarenok and dives into newly emerged economies like the smart home market, and the fitness market for Dao Insights.Read More →
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.Read More →
Shanghai-based business analyst Ben Cavender does not expect China to resume its role as the engine of the world economy. Annual growth of its GDP might be 4% at most, and not the 7% most have expected till recently, he tells CNBCtv.Read More →
Financial analyst Winston Ma looks at Tesla village Panzhiga as an example of how China’s rural areas moved upward on the road of digitalization for the World Economic Forum. Tesla’s and domestic EV cars are becoming a symbol of success in those areas.Read More →
At the current pace, China’s COVID-19 vaccination program would need up to three years to protect its population, hurting its consumer confidence and economy, says Helge Berger, head of the IMF’s China mission, in an interview with Bloomberg.Read More →
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.Read More →
Leading China economist Arthur Kroeber discusses the basis of the country’s economic growth and its relations with the US, at a panel of the Brown China Summit. Kroeber “explained that China’s alignment with Russia is an effort to erode the current U.S. global order in order to create more space for the two countries.”Read More →
Shanghai-based business analyst Shaun Rein – in this sixth week of quarantine – explains why it was needed for the 26-million city to lock down fully.Read More →
Strategic consultant Ben Cavender looks back at this 15 years in China and how he helped foreign companies to get a handle on working in the country. Some dynamic decades passed by and the future does not look less challenging, he tells at the Wizard’s Institute.Read More →
CFR scholar and China veteran Ian Johnson discusses the country’s difficult balancing act between keeping control and economic growth at a panel of the Council of Foreign Relations, with of course attention to the Russian invasion of Ukraine, COVID-19, and China’s agenda.Read More →