The China Food and Drug Administration (“CFDA”) has released in April a draft regulation for supervision of so-called health food. Shanghai-based lawyer Mark Schaub of King & Wood Mallesons sees it as an open way to discuss a new system of filing, and less registration, he writes in Lexology.
Xi Jinping’s One Belt, One Road initiative has raised many voices, inside China rather positive, outside China often sceptical. Financial analyst Sara Hsu looks at some details of the multiple trillions US dollar project and feels getting it right might be tough, whatever side you are on as financial checks and balances are lacking, she writes in the Huffington Post.
Shocking footage of a traffic accident, where nobody came to the rescue of the female victim, triggered off a national debate on the state of morality in China. Journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao looks at the different viewpoints of the debate, for the New York Times.
Fortunes of China’s rich have exploded in the past decade, but philanthropic donations did not change over the past ten years, says Rupert Hoogewerf, founder of the 2017 Hurun Philanthropy List ECNS. Hurun Philanthropy List. And when they donate, they prefer overseas charities.
China’s best and brightest still prefer government jobs over joining the private sector, says professor Zhang Juwei, a researcher at the Chinese Academy of Social Sciences’ Institute of Population and Labor Economics to CNN. “The private sector in China is not very well structured or developed.” But government jobs are hard to get
Western analysts often miss the point, when they look at the way China conducts business, says China watcher Andrew Batson at his weblog, and he points at an interesting aside in Ian Johnson’s book The Souls of China: The Return of Religion After Mao , when he writes about soft openings in China. Case in point: comments on China’s One-Belt, One-Road initiative. Batson: ” It’s already clear it’s the China book of the year.”
Since last year car-hailing giant Didi Chuxing has been raising over US$15 billion, even after it won the costly competitive struggle with Uber. Beida business professor Jeffrey Towson sees at his weblog four reasons why Didi continues to raise so much capital. Here are two of them.
The recent attacks in Manchester and especially London do not seem to have a huge impact on the stream of Chinese tourists, who still put Europe and especially the UK on the top of their destinations. But tourists from China are very security conscience, says business analyst Shaun Rein, who does expect a short-term decline, he tells the South China Morning Post.
Alibaba Pictures has expanded its merchandise market with a new deal for the successful Japanese Pokemon. But experts differ on the question such a more makes sense for Alibaba Pictures. A diversion from its core business, says business analyst Shaun Rein. But Beidu business professor Jeffrey Towson lauds the effort for a comprehensive approach of the total value chain, he tells the 6th Tone.