The new Marshall Plan or a sneaky way China wants to conquer the world? The opinions on China’s massive One Belt, One Road program go into both directions. RSM professor Zhang Ying summarizes both views on China’s investment program that is changing the world, for Friends of Europe.
Category Archives: government
Hong Kong has been taken over silently by mainland China in financial terms already before the handover by the UK in 1997, says financial analyst Victor Shih to AFP. But what has gone wrong is the lack of tools to control that take-over, especially when Xi Jinping defined corruption as the major evil to be addressed, Shih says.
American and European companies in China are complaining they are less welcome than in the past. That might be a correct feeling, says business analysts Shaun Rein to Bloomberg, for example when it comes to a higher living standard for their workers in China.
After the closure of the 19th Party Congress this week, analysts try to figure out what happened during the meeting. It’s not about internal party fighting, as some say, says economist Arthur Kroeber. President Xi Jinping changed the country through his all-out anti-corruption drive, and that started already five years ago, he tells NPR.
President Xi Jinping has promised more financial reforms, but financial analyst Sara Hsu says managing risk is key, over the need for reform. Fintech, debts and due diligence are some themes in the next five years of China’s financial development, she adds at the state broadcaster CGTN.
Journalists and political analysts look at the political bubbles emerging from the ongoing meeting of the Communist party in Beijing, it makes more sense to look at the underlying economic currents, says renowned economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®. At NPR he looks back at some difficult years.
China’s leadership is gathering this week in Beijing to prepare another five-year plan, and affirm president Xi Jinping for another five-year term. Journalist Ian Johnson looks for the New York Times at the new role China is playing in the world. “His China could become a model for digitally driven authoritarianism around the world.”
Retiring central banker Zhou Xiaochuan called this week for the liberalization of China’s currency, the Yuan. But conservative forces might find this step from the People’s Bank of China (PBOC) a step too far, says financial expert Victor Shih to Bloomberg.
China gains economic and financial power, but is still struggling to find its place in the world, writes China veteran Tom Doctoroff in the Huffington Post.”So China’s road to becoming a “soft” superpower will be long and rocky indeed,” he says.
Protestantism, Buddhism and Taoism grow fast in China, but followers of the Catholic faith are dwindling. Author Ian Johnson of The Souls of China: The Return of Religion After Mao reports from the countryside on why Catholicism finds it harder to find a solid footprint among Chinese looking for moral values, for the America Magazine.