Former US President Clinton’s assistant trade representative Harry Broadman fears China might be killing its Hong Kong goose with the golden eggs. He also sees not providing data on the leadership views on economic growth is foolish, he tells at Bloomberg. Read More →
China was in chaos when the coronavirus emerged in public at the beginning of 2020, but instead of a drama, president Xi Jinping was able to turn the events into a global win for the country, says London-based journalist Zhang Lijia, author of Lotus, a novel on prostitution in China, to Barbara Demick of the New York Review of Books.Read More →
Renowned economist Arthur Kroeber, author of the bestseller China’s Economy: What Everyone Needs to Know®, dives into the information explosion after the Covid-19 virus did hit China. Much information is available, but most is of low quality, he argues, and here he does a reality check of what we can say at this stage in April, including Europe and the US.Read More →
China’s government has been trying to phase out shadow banking as a risky form of lending money. But now the country’s economy is hit by a trade war, COVID-19 and other mischiefs, shadow banking might make a return, says financial analyst Sara Hsu at the East Asia Forum.Read More →
China has been betting on two horses: restarting the economy and preventing the coronavirus from spreading. Political analyst Victor Shih sees how local officials put their bets: they prefer the virus from stopping over a risky restart of production, he says at CNN.Read More →
Super investor Jim Rogers discusses the monetarian measures by Western central banks, while in China their colleagues have not lowered interest rates to fight the effects of the coronavirus. In Europe and the US they have not even started to fight the virus and we have to see how that works out, he tells at CGTN.Read More →
US president Trump might be doing his best to upset China in every possible way, but US-China relations are no longer top priority for either country, says political analyst Victor Shih at NBC News. “Fundamentally the big problem on both sides is that you now have leadership which no longer considers having good bilateral relationships as a highest priority,”Read More →
The West could have known about the dangers of the corona virus when China started to fight it. But the West preferred to watch on, in stead of jumping into action, writes Beijing-based journalist Ian Johnson in an opinion piece in the New York Times.Read More →
Although not taken serious, when a spokesperson of China’s Foreign Affairs ministry blamed the US army for bringing the coronavirus into China, many paid attention. Political analyst Victor Shih explains why China relied on this very unlikely scenario at the New York Times.Read More →
The key question for China is: is there sufficient market reform to allow more growth, says former U.S. Assistant Trade Representative Harry Broadman at a conference at the London School of Economics in February 2020.Read More →
China, with the exception of Hubei province, might be getting back to normal, the rest of the world is still bracing for a further outbreak of the coronavirus. Northern Italy shows remarkable similarities with the early weeks of the crisis in Wuhan: cramped medical facilities, expanding quarantine measure to stop the spread of the virus, and much uncertainty in countries and regions that still try to control the crisis. In China numbers of new patients are dropping, so – unless you might distrust those figures – its heavy-handed approach seems to be working at this list. But global stress on international economic relations seem far from over.
With all the justified criticism on the way China dealt the with coronavirus in the early weeks, the country did make some right choices later in the crisis as containment of the health issues was more important than keeping up the economy. More surprising it is that countries with a more developed health care system like Italy seem utterly unprepared for a major outbreak of the virus. Even a very solid country like Switzerland sees the number of coronavirus patients going up fast.Read More →
Every crisis offers an opportunity and China is pushing ahead with its plans to develop autonomous vehicles, as the car market in in the doldrums. China lawyer Mark Schaub summarizes the effect of the country’s plans for the future at the China Law Insight.Read More →