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
Category Archives: politics
The decision by the Cambridge University Press to bow to Chinese censorship and block over 300 articles on its China site has shocked the academic world. Journalist Ian Johnson , author of The Souls of China: The Return of Religion After Mao, reports on the issue for the New York Times and tested from Beijing what he could no longer get.
State-owned companies are getting a stronger grip on the economy, at the expense of private capital, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, at the New York Times. The major investment of major tech firm in China Unicom was just the latest move.
Chinese companies are running for cover as president Xi Jinping’s powerplay is also hitting the economy. China regularly pulls the reins, when too much financial power is flowing outside the state economy, says renowned economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in the Financial Times.
Pressure is up on US president Trump to act against China in trade issues. Trump has been avoiding harsh action up to now, and political analyst Victor Shih warns that with a major political conference ahead, moderation will not be high on the country’s agenda, he tells Bloomberg.
HNA was the last in a row of Chinese conglomerates, losing support from their most important financial backers. In the slipstream details emerged about the hidden ownership structure behind HNA. But most of these ownership relations remain opaque says political analyst Victor Shih to Fortune.
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.
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.
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.
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.