After local regulations in Beijing, Shanghai, and Chongqing to organize tests with self-driving cars, China’s central government now has issued national rules to streamline those tests, writes Shanghai-based lawyer Mark Schaub at the China Law Insight.
Category Archives: Beijing
US president Donald Trump is not necessarily wrong when confronting China on trade, but he has to realize he cannot solve the issue by himself, without allies, writes China veteran Harry Broadman in Forbes. “Mr. Trump’s insistence on handling China in a U.S. ‘go-it-alone’ manner is just plain wrong-headed.”
Unlike the bully-like approach of Donald Trump, China has sent a carefully calibrated messages, trying to avoid a devastating trade war, says renowned economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post and the Washington Post. China has more cards up its sleeves, he suggests.
The appointment of Liu He as president Xi Jinping’s economic top man has started speculations on his political direction, including a restart of reforms. We should not expect Liu to divert too much from the state-driven economic agenda Xi has already set out in the past few years, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the New York Times.
China is leading the market of self-driving cars, because its size and the aggressive way the government is paving the road, literally, says Shanghai-based lawyer Mark Schaub to the China Law Insight. But investing in China offers not only huge opportunities, the challenges are equally gargantuan.
China’s presidency – now no longer a two-term function – is highly ceremonial, but still matters, writes journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao at the NY Review of Books. Xi Jinping was already lifetime leader of the Communist Party and of the Central Military Committee.
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.
China’s government seems eager to control debts, even when it means a mitigation of economic growth. But the financial stimulus will remain a trusted tool in the country’s financial toolbox, in case growth drops too far, says financial analyst Victor Shih at the Deutsche Welle
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.