China’s Belt&Road Initiative (BRI) has been praised and criticized extensively, as the massive investment program moves on. The main problem of BRI is that it fell short of the Chinese characteristics that other foreign investment initiatives characterized, says investment analyst Harry Broadman in a column in the Financial Times.
Category Archives: government
The markets have given up trying to make sense out of the direction of the trade war between China and the US is taking. Economist Arthur Kroeber sees three possible scenario’s for the conflict but is hesitant to pick one, he says in Barron’s.
After decades of promises for China’s economic and financial opening up, foreign companies have been careful before they start cheering. But veteran economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, optimistic about the latest changes, he tells in an interview for the China Daily.
The main reason for the current tech winter in China was the flush of money that has hit the industry, especially by the government, says VC veteran William Bao Bean to the BBC. A re-structuring of China’s start-ups’ scene is long overdue and that is good news for investors, he argues.
US-president Donald Trump gave the financial market a hit this week by announcing a sudden increase of tariffs on Chinese goods, but veteran economist Arthur Kroeber still believes a trade deal could be done next month, he tells Bloomberg.
The trade talks between China and the US might be moving into the right direction, but tensions on other issues are abundant, for example on US demands to stop importing oil from Iran. Professor Sara Hsu explains why China will not comply with the demands of the US.
One hundred years ago students protested in Beijing for patriotism and democracy. President Xi Jinping has jumped on the centennial anniversary by praising the patriotism of the May Fourth protests. Commentator Zhang Lijia notes that he ignored that democracy was an inherent part of its legacy, she writes in the South China Morning Post.
For the outside world, Xi Jinping looks like the effective authoritarian leader, killing effectively public debate in the country. But journalist Ian Johnson noted over the past few months an amazing growth of opposition inside the Party, he writes in the NY Review of Books.
In its fight against an economic slowdown, China has opened the bank vaults again and pumped more credit into its financial systems, again, says political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation to the New York Times. It is an old solution in a country where debts are already at dangerous levels, he says.
Yujiapu, Tianjin’s financial district, is building China’s Manhattan, with loans since most inhabitants still have to arrive. That goes well, says financial analyst Victor Shih, as long as the project has the political goodwill in Beijing to subscribe giants loans, he tells in the New York Times.