China’s President Xi Jinping has not traveled much over the past years, most lately he missed COP26 in Glasgow, nor has he received many foreign guests. Political analyst Victor Shih sees there is more behind Xi’s travel behavior than only an effect of the coronacrisis, he tells at Forbes.
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.
China initially became the factory of the world, and equivalent to low-quality products. But those days are over, says marketing expert Arnold Ma at his Myth Buster vlog. Innovation and high quality have become key in China’s production, although you can still get some cheap, low-quality stuff too, he adds.
China faces not only its most prominent problem Evergrande but a range of issues, says leading economist Arthur Kroeber in the New York Times. Shortage of electricity, dealing with its big tech companies and many other in-debted giants offer similar challenges. “The common feature of these crises: All were triggered by government policies,” he writes.
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.
CFR-scholar Ian Johnson discusses the way the West lost its interest in China and missed the wide-ranging intellectual debate in China. He reacts on contributions by David Ownby and Xiang Biao who plead for the inclusion of China’s intellectuals into the global debate, instead of ignoring them, at the Berlin Contemporary China Net (BCCN). You can find the full debate here.
Marketing expert Ashley Dudarenok explains the young digital natives of Gen Z in China 2021 in terms of marketing. How do they spend their budgets? In spending they Gen Z’s are the most wealthy generation in China, she tells at her vlog, although in a population of 1.4 billion, it is dangerous to talk too much in generalizations.