China’s authorities have been cracking down on education, tutoring and foreign teachers, scaring foreign firms and teachers. China lawyer Mark Schaub summarizes an earlier webinar under Chatham rules. No reason to panic, he says at his vlog. “It makes completely sense what the government is currently doing. If there is a demand, there will be a way to carry on.”
China’s Xi Jinping is framing his new policies as a new way to diminish the gap between poor and rich in China. While under his predecessors’ new policies were a matter of waiting until they would be replaced by the next slogan, Xi’s slogans like those on the “common prosperity” are here to stay, says political analyst Victor Shih in Asia Times.
China’s most talked-about downturn in stock value is business as usual, says JP Morgan’s Santos at Bloomberg. Financial analyst Sara Hsu disagrees and sees a more structural change in how China is dealing with its business compared to previous regulatory interventions, she says at her vlog China Rising. “She misses out at the political risks,” Hsu adds.
In recent years NGOs have been seeing tougher regulatory oversight, including visits from the police forces, urging them to comply with China’s regulations for NGOs. China lawyer Mark Schaub dives into the recent law for NGOs and concludes that survival in China is possible, he writes for the China Law Insight.
Investors got jittery when China’s government started a coordinated action to limit the power of its tech industry. But business analyst Shaun Rein saw how powerful companies made consumers and the government weary. Rein believes stricter oversight of the technology industry will make it more sustainable, with fairer competition that will benefit consumers, he tells AP.
The world looks with awe at China’s economic achievements, but because of its one-child policy, it not only gained fast economic growth but also an aging population that offers an equally devastating income trap for the decades to come, unless it invests more smartly into its people, says China veteran Ian Johnson at the Vietnam Brief.
China’s government is trying to control its tech sector and VIE’s (Variable Interest Entities) are high on their agenda. But outside the China business, very few people know what VIE’s are and China lawyer Mark Schaub reposted his vlog on what VIE’s actually are, even though they are a key feature in China’s tech sector.