The scandal that rocked the once-famous private Minsheng bank has put the question of the role of the government towards the banking system. Bailing out banks create more problems than it solves, says financial analyst Victor Shih to the New York Times.
Category Archives: government
Not being predictable has been US-president Donald Trump’s trademark on foreign policy. When it comes to China, economist Arthur Kroeber prefers to phrase it in another way. “US policy towards China in both security and economic terms remains confused and directionless,” he says in the South China Morning Post.
South-Korea was the latest country to suffer from economic boycott measures from China after it deployed THAAD missiles on its soil. Tourism backed out and Korean factories suffered surprise inspections. A standard procedure, says business analyst Shaun Rein to CBS. Norway, France, Japan, Taiwan and other suffered from similar boycotts.
The Guardian praises Ian Johnson’s book The Souls of China: The Return of Religion After Mao and his well-documented tour along Taoist musicians, rebel Christians and celebrity Zen Buddhists, and where the CCP is still firmly in charge.
Under president Xi Jinping, politics has become more dynamic than under his predecessor Hu Jintao. Anti-corruption, political reforms and increased infighting between different factions mark the news on an almost daily basis. And while everybody has an opinion, at the China Speakers Bureau we are happy to have a range of expert opinions on China´s political development.
China’s emerging religious experiences have often been misunderstood by the West, says author Ian Johnson of The Souls of China: The Return of Religion After Mao in an interview with the New York Times. “I think the government is happy to see these things grow—almost as a form of stability.”
Saudi Arabia’s King Salman bin Abdulaziz Al Saud met with Chinese President Xi Jinping seeking investments to move his country away from its oil addiction. But that might be in vain, says Beida business professor Jeffrey Towson, and former employee of Prince Alwaleed in the Kingdom of Saudi Arabia(KSA), on his weblog. He lists three reasons, and this is one.
Journalist Ian Johnson will soon publish his groundbreaking book The Souls of China: The Return of Religion After Mao. For the New York Times he selected a special story, on how president Xi Jinping became the guardian of Buddhism and other traditional believes, and today uses it, not as an object for repression, but as a part of China’s globalization strategy.
Journalist Howard French’s book Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power is reviewed by the Globe&Mail. Key argument: French counters the Chinese narrative of a benevolent force, unlike the greedy Western colonizators. And on Trump: “When two emperors appear simultaneously, one must be destroyed.”