Category Archives: government

Big four accounting firms: winning again in China – Paul Gillis

The Chinese government has tried to promote local CPA’s on the expense of the Big Four, but – says  Beida accounting professor Paul Gillis – the 2018 top-10 CPA ranking shows the Big Four are back winning market shares, with PwC, Deloitte and E&Y in the top three, he writes at his Chinaaccountingblog.

Next in the trade war: economic disengagement between US and China – Arthur Kroeber

New tariffs are not the main worry, as new shots are fired in the trade war between China and the US, says economist Arthur Kroeber according to Barron’s. Next is the upcoming disengagement between both economies and the question of what domains will be involved.

China moves to kill animal cruelty in cosmetics tests – Mark Schaub

China forced global cosmetics brands to use animal tests before entering the market, but is now moving to fall in line with cruelty-free cosmetic tests, writes lawyer Mark Schaub at the China Law Insight. “For international cosmetic companies, this may make the Chinese market more attractive for cruelty-free brands. However, issues will still exist but the direction at least should be applauded,” he says.

China cannot afford to disconnect from the global economy – Arthur Kroeber

China is trying to find a way out of the irrational Trump policies, as the G20 convenes in Japan. Key is that China cannot afford to lose support from the international business community and the global economy, says economist Arthur Kroeber to the New York Times.

Reforms are key for China’s rise as a superpower – Sara Hsu

Reforms are key for China to perform in terms of economic growth and developing into a superpower, says financial analyst Sara Hsu to ABC. The Belt and Road Initiative offers great prospects for the future, but still has to prove it is working, she adds.

How China will benefit from the Korean Reunification – Jim Rogers

China will benefit greatly from the Korean reunification, argues investor Jim Rogers, as will North Korea. Many North-Koreans already live in China, and those will be important when political changes take place.

China might catch up with US innovation, in the long run – Andy Mok

Perhaps not right away, but in the long run innovation in China might catch up with the US, says business analyst Andy Mok in the South China Morning Post. “A lot of research universities in the US – like MIT, Caltech – they’ve had decades of operations [since the second world war and the cold war],” said Mok.

Self-driving cars: legal issues on data collection – Mark Schaub

Autonomous driving cars cause a range of issues, for example on collecting data to make them possible. Lawyer Mark Schaub looks at the legal issues when foreign companies have to send data to their headquarters outside China, for the China Law Insight.

The new foreign investment law: an improvement – Mark Schaub

China’s new foreign investment law will go in to practice on January 1, 2020, replacing three older laws. China veteran and lawyer Mark Schaub looks at the law in details, and sees improvements, he writes at the China Law Insight.

China underdelivers on financially opening up – Sara Hsu

China promised to open up its financial industry under the pressure of the ongoing trade war. But the industry was not right away impressed: they had heard this song often enough. Financial analyst Sara Hsu looks at how China is keeping its promises this time and says the country is still underdelivering, she writes in China Focus.