We have seen this before, says financial analyst Victor Shih about the efforts by the financial authorities in China to reduce debts. In 2014 they tried the same, and in 2015, 2016 the PBOC, China’s central bank, started to print money again. When economic growth comes under a certain level, that will happen again, he tells Bloomberg.
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China might have announced drastic reform of its government, state-owned companies are still lagging behind in reforms, argues financial analyst Sara Hsu. Because their access to state funding is unlimited, they keep on creating new debts and have little incentive to improve efficiency, says Sara Hsu at CGTN.
China faces a financial dilemma, as it wants economic growth, and forces local governments to borrow more money, against the wishes of the central government, says financial and political analyst Victor Shih in the CeMEAS Conversations on China’s economic future. But external threats to the country’s stability do exist, he adds.
China veteran and rock star Kaiser Kuo addresses the Confucius Institute at the Webster University at the start of the Year of the dog to talk about his mission as a bridge builder between China and the US. “I figured out what I wanted to do, and my job has been building bridges.”
Stability and tradition in China are much stronger over the generations than many outsiders assume, marketing guru Tom Doctoroff, author of What Chinese Want: Culture, Communism, and China’s Modern Consumer, argues in this video clip for Amcham. Tensions between generations do exist in China too, but they are different from those elsewhere in the world, he argues.
Daoism is key to understand today’s China, says journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao. to ABC News. “You can provide values, an escape for people, or turn inward to piety, but you cannot challenge the Government. You can’t be an alternative source of values or the Government will turn against you.”
Author Zhang Lijia of Lotus: A Novel, a book on prostitution in China, comments on the forceful eviction of migrants in Beijing. It shatters their China dream, she tells Sky News. How can you do that when you call yourself a socialist country?
A visibly angry Zhang Lijia, author of Lotus: A Novel on prostitution in China, shows that the eviction of migrants in Beijing – described by the insulting term “low-end population – is raising the tensions in China’s capital. “We live in a socialist country,” she fumes at CNN. “They are the unsung heroes of our country.”
Known as the ultimate consumer guru, business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, now turned to politics in China, he explains at the Hong Kong Foreign Correspondents Club. In the past you could make a lot of money, no questions asked, he tells. Now you can still make money, but not that much and you need much more political sensitivity, he says. The pros and cons of Xi Jinping’s anti-corruption drive.
Religious persecution in China is high on the political agenda, but most people do not see how the country’s religious revival is going to change our relations in the long run, argues journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao at the National Committee on U.S.-China Relations.