Financial scams are emerging in China on an epidemic scale. Rising costs of living have enticed many to join these scams, says Victor Shih, associate professor in political economy and China expert at the University of California San Diego to the BBC. Local government did not step in.
Category Archives: government
Shaun Rein predicted in his two previous books The End of Cheap China and The End of Copycat China major trends in China’s development. While he is working on his third book , The War for China’s Wallets, he looks with Business Tianjin back at the effects of his first two bestsellers.
Demand for houses, both inside and outside China, fuels a strong spike in house prices, says the latest Hurun Global House Price Index 2017 Half-Year Report, set up by its chief researcher Rupert Hoogewerf. It is the first report taking the value of the Chinese Renminbi as a starting point, as most Chinese investors would do, Hoogewerf tells International Investment.
Online financial institutions like Alibaba’s Ant Financial and Tencent are developing new business models, where they make money on the giant amount of data they collect. Financial authorities are stepping in, for the right reasons, says business analyst Shaun Rein to the China Daily.
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.
Chinese authorities have started to regulate the usage of the bitcoin. That is not necessarily a bad thing, writes Shanghai-based lawyer Mark Schaub at the website of his law firm. “Regulation should be seen as an opportunity, too. More stringent rules translate to lower investment risk and increased legitimacy.”
Foreign multi-level marketing (MLM) firms like Herbalife, Nu Skin and Usana Health Sciences got into trouble as Chinese authorities turned in a 3-month campaign against domestic illegal pyramid schemes. Shanghai-based lawyer Mark Schaub explains the background at the China Law Insight.
As China’s autumn meeting on decisions for the next five year looms, private capital has clearly brought to heel and is deployed to support the state economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. “State enterprises are guaranteed a “dominant” role in the economy,” Kroeber said
Chinese investors are still flocking into the Royal Albert Docks in London, says property consultant Sam Crispin in the South China Morning Post. Doomsday scenario’s with rigid capital control from Beijing and the Brexit is not stopping those investments.