Category Archives: government

China develops rules for self-driving cars – Mark Schaub

China is moving fast in developing self-driving cars, but also authorities move fast in paving the legal roads for those cars by developing Draft Guidelines, says Shanghai-based lawyer Mark Schaub in Lexology. The ambitious approach is in line with the technological improvements, the government is having on its agenda.

Investors need to be political experts too – Shaun Rein

After record-breaking Chinese investments in 2016, the Chinese government started to pull their financial reins, ahead of a major political decision making conference this Autumn. For investors reading political tea leaves has become as important as analyzing the stock markets, says business analyst Shaun Rein in the South China Morning Post.

Legal challenges of network marketing – Mark Schaub

China has become the testing ground of many international network marketing companies, as many Chinese consumers prefer foreign brands. But apart from opportunities, Shanghai-based lawyer Mark Schaub also sees legal challenges of operating in this new promised land, he writes in Lexology.

One Belt, One Road needs much more debate – Zhang Ying

President Xi Jinping has embarked into a prestigious outbound investment program, One Belt, One Road (OBOR) worth trillions of US dollars. While the West has received the plan reluctantly positive, there is still much more debate needed at what it means for all participants, RSM business professor Zhang Ying explains in the EUReporter.

Reducing risk, at the expense of reform – Victor Shih

China’s leadership is setting a new economic agenda halfway July, and much of the measures focus on the reduction on risk, even if – says political scientist Victor Shih at Bloomberg – that means announced financial reforms will be stalled.

At the end of a century of shame – Howard French

After a century of submission under foreign powers, China is winning back its old glory, and its influence in the region and the world, writes Howard French, author of Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power at the New York Times.

VPN access key for innovation – Andy Mok

Panic struck when media reported China would ban all VPN activity in February 2018, allowing to circumvent China’s internet censorship. That was a shock for many, and seems to have been confused with a business licensing system for VPN’s. Whatever is going to happen, innovation and startups need unfettered access to VPN, says innovation expert Andy Mok to Bloomberg.

Xi Jinping has few friends in the Party – Victor Shih

President Xi Jinping’s position at the helm of his country seems pretty secure, says political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation to the Economist. Although, his support at the next layer in the Party seems pretty meagre, he adds.

Foreign auditors get more legal space – Paul Gillis

China has diminished limits on foreign businesses with its new negative list for 11 free trade zones. That includes accounting, writes Beida accounting professor Paul Gillis at his weblog, although most foreign accounting firms had already workarounds for most legal limitations of the past, he adds.

Trump will stick to symbolic action against China – Arthur Kroeber

US president Trump seems to have been on a warpath with China. Political analyst Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® expects no real action, but – like mostly – symbolic action against his Mar-a-Lago friend Xi Jinping, he tells in the Chicago Tribune.