China’s bad loans are increasing, but the country’s financial authorities have been trying to crack down on this source of financial stability. How are those efforts faring now China is suffering from a relative drop in economic growth. Financial analyst Sara Hsu discusses the dilemma’s the authorities are facing especially now the trade war is ongoing.
Category Archives: government
Journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, is working on his next book documenting how writers, thinkers, and artists are dealing with the new, more repressive policies in China. He visited citizen journalist Zhang Shihe near Xi’an for an extensive interview. First, he describes Zhang’s position for the New York Review of Books.
China banned in September 2017 ICOs (Initial Coins Offerings) after some high-profile cases of fraud but certainly not block all blockchain activities. Lawyer Mark Schaub looks at the China Law Insight at how the government tries to regulate blockchain, one year after the initial ICO ban.
Trade talks between Beijing and Washington are on its way, but the trade war is not China’s real problems, says economic analyst Harry Broadman. China’s economy is strangling itself, he writes in the Financial Times.
Even when China and the US will reach a kind of trade agreement, both countries have such different ideologies, solving hostilities will be a matter of the long haul, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know to the Atlantic. “Xi has clearly nailed his colors to the mast of a much more state-directed economy,” said Kroeber.
State TV has been pulling a set of historical dramas from their channels because they were having a negative influence on their audiences, according to state media. Journalist Zhang Lijia, the author of Lotus, a novel, a bestseller on prostitution in China, understands the ratio behind this action, she tells in the South China Morning Post.
The arrest on Meng Wanzhou, the Huawei CFO, in Canada, has a huge impact on business relations, says Hurun chief researcher Rupert Hoogewerf, who was in Canada for the Hurun Canada Fortune Forum on Sunday in Markham, to the China Daily.
Bureaucratic rules have hampered China’s access to international talents, for example because of troublesome rules on visas for experts. But Hainan is going to do this better, says innovation expert and managing director of the Chinaccelarator in Shanghai William Bao Bean to the South China Morning Post.
President Xi Jinping is effectively replacing former leader Deng Xiaoping as the thought leader of China’s development, and he is well on his road to set the road for the country as a global power, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, at Bloomberg.