China’s economy today is driven more by domestic consumption than exports. To what extent are exports still vital to China’s growth? China’s phenomenal growth and rising prosperity over the past four decades was kickstarted by export manufacturing. This remains a crucial part of the economy even though domestic demand is becoming ever more important. But […]
Shelter For Innovation
China is strengthening its intellectual property laws much faster than many realize. Intellectual Property Rights infringement has been a longstanding issue in China, but as patent laws have developed, foreign firms are saying there are signs of progress. In late April, China’s Ministry of Public Security launched one of the most dramatic piracy busts […]
Standing Up for Women
When Dame Barbara Woodward was named British Ambassador to China in February 2015, she became the first woman ever to hold this position. Conscious of her status as a trailblazer and role model, Ambassador Woodward has made a special commitment to promoting gender equality since assuming office.
Climate of Mistrust: China’s Vaccine Dilemma
After a stream of scandals and medical incidents, the Chinese public appears to be losing faith in drugs made in China. What are the implications for domestic and international pharmaceutical companies?
Can China’s New E-commerce Law Tame the World’s Most-Disorderly Online Retail Market?
Adidas’s Yeezy sneakers designed by rapper Kanye West have been among the world’s best-selling footwear since they were released in 2015, and a pair of Yeezy Boost 350 V2s retails for up to $1,000 on most e-commerce sites. But on Alibaba’s Taobao site, the world’s largest online marketplace, vendors offer the same pair of sneakers for as little as RMB 300 ($45). That sounds too good to be true, and it is. They are counterfeits.
China’s Tax Dilemma: Prioritize Efforts to Stimulate Growth or Control its Mounting Debt?
China’s economy seems to be slowing faster than the government would like, and US trade war tariffs are just one of the issues weighing down overall growth and threatening hopes for a choreographed and gradual deceleration. The last time this happened in 2008, Beijing responded with massive stimulus spending, thereby creating a debt mountain. This time, what should the economic planners do?
China’s Third Revolution: Xi is Transforming the Middle Kingdom
The era of Deng Xiaoping is over in China. We are now living in a new historical epoch: the era of Xi Jinping. That is the message of The Third Revolution, the new book by renowned China scholar Dr. Elizabeth Economy. This view is far from controversial within China; in fact, it is official party doctrine. But the fact that an academic of Dr. Economy’s standing is calling time on Dengism is significant. Over her career, she has proven a remarkably clear-sighted forecaster of where China is heading. In this interview, she explains why China analysts need to develop a new understanding of China’s development trajectory for the Xi era.
Xiong’an New Area: China’s Newest Special Economic Zone?
On April 1st, 2017, the Chinese government announced the formation of a new special economic and development zone: the Xiong’an New Area. About 60 miles southwest of Beijing, in Hebei province, the area will combine the now relatively rural counties of Rongcheng, Anxin and Xiong. With an expected investment of $583 billion over the next 20 years in infrastructure alone, Xiong’an is set to transform from a largely agricultural and low-tech manufacturing region, into a high-tech, environmentally sustainable modern metropolis. It will also, according to the plan, alleviate some population pressures from Beijing while serving as a destination for some administrative departments, logistics bases and other government offices.
Staying Legal in China: an Interview with Dan Harris
For foreigners, doing business in China is tempting but challenging. Aside from all the difficulties of language, culture and social conventions, the most difficult challenge is understanding local laws and regulations in order to proactively protect your company’s operations and assets. Dan Harris, an attorney at his Seattle-based law firm Harris Bricken, has been helping clients navigate China’s legal landscape for almost 15 years. Since 2006, he has co-authored the China Law Blog, which delivers practical knowledge of Chinese law as it impacts on business. In this interview, Harris discusses legal issues important to companies doing business in China, including compliance, corruption and IP protection.
Xu Chenggang on the Government’s Role in Real Estate and How to Roll Out Economic Reforms in China
Over the past year, the housing price in many Chinese cities has doubled. The property industry, which contributed to the economy’s growth, is now ‘hijacking’ China’s economic growth model. Instead of investing in real businesses, individuals and companies are betting on increasing property prices. In this interview, Professor Xu Chenggang talks about the government’s role in real estate regulation, the major challenges of pushing reforms in China and how state-owned enterprises and local governments should roll out these reforms.
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