The ongoing coronavirus crisis has triggered off much racist behavior outside China and the qualification “Yellow Peril” raised its ugly head. Journalist Zhang Lijia, author of Lotus, a novel, on prostitution in China, dives into the history of Western racism towards China and the Chinese for the South China Morning Post.
While messages from the coronavirus are mixed, to put it mildly, the current economic crash course might only be over by April/May, in the most optimistic scenario. Numbers of infected people and deaths by COVID-19 still vary to much to support any scenario at this stage, while it is also unclear whether the rest of the world can contain the virus.
Footage from metro subways still show empty carriages, as the central government tries to encouraged migrant workers to return to their workplaces, local governments – including the big cities – advise returning migrants to put themselves in a social quarantine for two weeks to be sure they do not carry the virus. The dilemma is obvious: different government make different choices when it come to prevent major economic damage or keeping their cities save from the virus.
Fighting the Covid-19 virus and saving the economy might not go very well together, says political analyst Victor Shih in Al Jazeera. While there is very little international supply chains can do at this stage, as Chinese governments make decisions, says Victor Shih, the message for the long run is: diversify.
China’s Hubei province shocked the world as the number of confirmed coronavirus patients spiked because it started to use different way to diagnose patients. Political analyst Victor Shih sees it as a proof that the government is using different sets of tools to manipulate the number of patients and deaths, he tells to Reuters.
China is not yet one week back from lunar holidays, and the fallout of the coronavirus is not yet clear. We have seen major events being relocated, delayed or even cancelled, speakers being stuck inside or outside China, and potential audiences unable to move around. Meanwhile we are exploring an alternative option, that might help some event organizators: follow the lead from China, and get your speaker online.
Even when the virus might reduce its destructive path over the next two weeks, resuming events might be affected till the end of April, early May. Those are – with June – our most busy months in helping event organizers to get the right speakers in place, before the traditional summer break kicks in.
Private companies in China have become more important than sometimes appreciated, says Rupert Hoogewerf, chairman of the Hurun Research Institute in its latest report, according to the South China Morning Post. They have grown eight times in the past decade, pay most taxes and create most jobs. “Creating value is more than making sales,” says Rupert Hoogewerf.
China’s competitive landscape is changing fast, and the blooming incubators for startups offer multinational a much-needed edge in local competition, says William Bao Bean, managing director of the Chinaccellator in Shanghai to Forbes. “When you’re under pressure and local players are taking market share from you, you look to innovation.”
China has changed its income tax for the first time in seven years, beneficial for the lower income groups, and less for the high earner. Financial analyst Sara Hsu discusses the purpose: more spending might be a motive, but as aging and health care costs loom, many might opt for saving, she says at CGTN.
China has released new rules for infant formula milk powder, one of the most-discussed products after massive domestic scandals and waves of foreign imports, both legally and illegally. Shanghai-based lawyer Mark Schaub discusses at Lexology the impact, as domestic and foreign formulas are now treated equally, and it is going to be more complicated.
Internet giant Baidu has been under attack by Chinese internet users for medical ads. Former Baidu communication director Kaiser Kuo, defends his former company and says criticism has been unfair. Main Baidu problem: failing sales, he tells TechNode.