Why waning business confidence raises red flags over global economic recovery
Supply lines have been badly interrupted and the world is running short of key goods and materials, leaving the global economy with much catching up to do. Shipping containers are in short supply, with demand and prices surging worldwide, and shipping bottlenecks could easily disrupt global supply chains.
China is now EU’s biggest trading partner, an exchange complicated by labour rights and transatlantic tactics
Trade volume in goods hit US$710 billion in 2020, which coincided with Beijing and Brussels agreeing to an investment deal Scepticism includes concerns about overdependence on China and fallout from Biden’s intent to counter a rising Beijing
China’s political power grows with its capital markets
Thanks to a mandate for outside investment and its strong rebound from the coronavirus pandemic, China’s financial markets are drawing record high chunks of global capital — particularly from U.S.-based investors — and are poised to keep growing. As more money flows to China’s markets, its political leaders will have a clear mechanism to increase the country’s political power, giving China another potent weapon to challenge the United States’ position as the world’s financial superpower. China’s goal is “renminbi internationalization,” says Nicholas Borst, director of China research at Seafarer Capital Partners. As more foreigners invest in mainland Chinese companies, government bonds and other securities that trade in renminbi — China’s currency — they are forced to buy and hold the currency.
Labor Dispute Soars At Chinese Tech Giants Driven By Insufficient Innovation, Competition
In recent years, Chinese Internet companies have seen a rapid rise of employee labor disputes. According to public data, there were 39,700 new labor dispute cases in 2020, up from 10,700 cases in 2016. The number of labor disputes at Chinese tech companies nearly grew by four times in the past five years. The number of dispute cases was steadily rising during the past five years. There were 13,600 new cases in 2017, about 26,000 new cases in 2018, and about 32,700 new cases in 2019. Beijing is undoubtedly the largest place for Chinese Internet companies, and also the location where the most number of disputes took place. There were 453,100 active/existing Internet companies in Beijing, accounting for 11.65% of the national total. The number of labor cases involving Internet companies in Beijing reached 41,800, ranking first in China, far surpassing other cities and more than three times as many as the city ranked second.
How China’s ecommerce helped stamp out the pandemic
Apart from strongman politics, China’s logistical networks — ultra-fast, thoroughly diffused, and widely trusted — helped a nation weather lockdown during COVID-19.
How One Brand Conquered China’s Booming Luxury Appliance Market
From luxe loudspeakers to hi-tech fitness gadgets, pandemic constraints have heightened consumer demand for numerous luxury home appliances. The global wireless audio market is predicted to grow to $17.6 billion, while China’s audio market is expected to grow at an annual rate of 12.8 percent over the next few years, with predicted market growth upwards of $4.2 billion. For French speaker brand Devialet, France is still its biggest market. But in 2020, the Chinese market overtook the American one as the company’s second-largest market in only its second year in China. Brands’ technological innovations can significantly increase margins in China’s luxury appliance market, which allows the sector to remain highly competitive and for regular customer circles to form.
TikTok ‘fails to protect children’, says consumer group, as the Chinese app is hit with consumer law breaches complaints across Europe
TikTok is facing allegations of violating EU consumer laws because of inadequate privacy and safety policies Consumer groups allege that the Chinese short video app, widely popular with teenagers, has unclear terms of service and unfair copyright practices
Marriage of education and technology a silver lining amid coronavirus pandemic
The melding of education and technology is here to stay, and its benefits for students, schools and the economy are just beginning to be understood Fiscal policy and financial incentives that keep up with the times represent a win-win for the people and the government as well as an investment in our future
China’s stock fund with 132 per cent returns bets on new-energy market leaders that foreign investors are missing out
Domestic shares of new-energy vehicle makers and renewable energy suppliers are expected to be major targets for offshore investors, fund says Higher valuations in the sectors are reasonable, especially when the leading companies are highly competitive and growth is explosive
Deglobalisation and digitalisation: two trends impacting China’s economy
2021 is the year of the Ox and it is said that those born this year are generally reliable and trustworthy although they can expect to face obstacles early on. Following a year of extreme market volatility, markets may hope for the same.
The Self-Employed Online Freelancing Market in China – A Growing HR Business Sector and Resource
COVID-19 and the rise of digital technologies are pushing traditionally employer-employee based economies, such as China, into growing markets in terms of freelance market volume, according to a report issued by PwC.
Coronavirus: WHO mission notes consensus between international and Chinese experts for joint report on origins
Peter Ben Embarek says team will finalise technical parts of the initial report in next few days Mission conceived as a collaborative effort not ‘investigation of supposed wrongdoing’, says WHO’s Michael Ryan The origins of the Covid-19 have become politically contentious, with Chinese foreign ministry officials promoting conspiracy theories that the virus may have spread from the US military and encouraging Washington to invite the WHO to carry out related research in the US. Meanwhile, the US signalled it wanted to independently verify the WHO team’s findings and called for a full accounting by WHO and China on the pandemic.
Coronavirus: Britain’s Boris Johnson says world needs pandemic treaty, citing China’s Wuhan
Asked who he blames for lack of transparency on the outbreak’s source, PM says ‘most of the evidence’ points to Covid-19 originating in the Chinese city Britain and the US have expressed concern over access given to a WHO-led fact-finding mission by Beijing
podcast : Covid-19: Is China’s vaccine diplomacy working?
Wealthy countries were quick to snatch up Covid-19 vaccines from Western companies, leaving low-income ones to look elsewhere. Enter China and India. Both nations are racing to fill international orders of their locally-made vaccines, though sometimes strings are attached. For more, we speak to Yanzhong Huang from the Council on Foreign Relations.
What the Fear of China Is Doing to American Science
A campaign against Chinese scientists threatens the openness that defines U.S. universities. In the end, the U.S. government must also accept that some degree of theft, plagiarism, and loss of intellectual property is the price of America’s open approach. Data and computer code are shared, working papers are circulated, research is disseminated publicly, and participation is open to all. The strength of this model is that it is social; by communicating findings broadly, scientists receive feedback, collaborate, and innovate further. This is the philosophy that has propelled U.S. science ahead of the rest of the world. This model can be abused by bad players—perhaps even by spies—but it is still working far better than a more restrictive alternative would. If Americans cordon off our scientific communities in the name of security, we will be sacrificing our greatest advantage, and the core of who we are.
China’s ‘tiger’ corruption cases wane, showing Xi’s stamp on party
No top officials disciplined last year as focus turns elsewhere None of the Chinese Communist Party’s top 200 officials were ensnared in President Xi Jinping’s anti-corruption campaign last year, suggesting that the pursuit of political enemies has become a lower priority as China’s leader has consolidated power.
Europe can’t stay neutral in US-China stand-off
China aims to create a world that is not safe for Europe — strategically, economically or ideologically.
Nato to discuss multilateral stance on China, Russia at first Biden-era talks
China and Russia lead ‘authoritarian pushback against rules-based international order’, according to Nato Secretary General Jens Stoltenberg Like-minded democracies should work more closely, including on addressing consequences of China’s rise and a more assertive Russia, he says
Hobbled US Import-Export bank is given new life to battle an aggressive China
As concern over China’s state-subsidised financing grew, the US reopened its Export-Import Bank and created the US International Development Finance Corporation The bank, known as Exim, provides loans, guarantees and financing insurance ‘fully competitive with rates, terms and other conditions’ established by Beijing
India and US must know the new Cold War is a different beast – China isn’t USSR
In the last Cold War, India had a US, USSR and China card. That has changed now – it can no longer afford to be a prized ally standing aloof.
Will China choose a Wolf Warrior or smooth diplomat to replace Cui Tiankai as its US envoy?
Analysts say next appointment will indicate whether Beijing wants to reset US-China relations after tough diplomatic times Long-serving ambassador to Washington was asked to stay on for the Trump years but is well past retirement age
Why Joe Biden must resist Donald Trump’s tactic of using China as a bogeyman
The president’s call for a major infrastructure plan for America should have been made without referencing the China threat China’s ways are ill-suited to the US, and such rabble-rousing tactics are double-edged swords
Why China plot to weaponise rare earth exports to the green economy may not just be sabre rattling
Beijing is evaluating impact of export curbs on US ability to build weapons
US-China relations: forced labour to keep pressure on Chinese textile firms as American firms cut orders
Last year, China’s share in the US apparel market fell to a decade-low of 23 per cent when measured by value The US has effectively banned all products made in part or entirely from cotton made in the Xinjiang Uygur autonomous region, including textiles and apparel
China-Australia relations: Australian miner BHP ‘not banking on’ coal ban to be lifted any time soon
BHP acknowledged that its coal business, which is under review for sale or spin off, has taken a hit due to a trade spat between Australia and China On Tuesday, BHP reported its best first-half profit in seven years and declared a record interim dividend, partly due to China’s strong appetite for iron ore
Australia at mercy of ‘coercive trade warfare’ as China and US continue rivalry
Recent trade tensions with China are part of a ‘global economic fight that has been brewing for a decade’, leading analyst says
No quick fix from Biden for Australia’s China trade woes
Hopes are high that, with the Biden administration in the White House, the United States might come to Australia’s rescue as China extends its Australian trade punishment into 2021. In December 2020, President Joe Biden’s national security advisor Jake Sullivan declared that ‘America will stand shoulder to shoulder with our ally Australia and rally fellow democracies to advance our shared security, prosperity and values’. This followed reporting in The Wall Street Journal that outgoing Trump administration officials had mooted ‘an informal alliance of Western nations to jointly retaliate when China uses its trading power to coerce countries’.
China hits back at ‘despicable’ Canada’s call to end arbitrary detentions of foreign nationals
Chinese embassy says Ottawa is hypocritical after US and 57 other countries join opposition to state-sponsored arrests Declaration is latest Canadian effort to pressure for release of two of its citizens held in China since December 2018
India-China border dispute: as both sides withdraw troops, did New Delhi get a poor deal?
As tanks and soldiers turn away from Pangong Tso, some analysts are questioning the ‘piecemeal’ disengagement that does not cover areas of friction such as Hot Springs and Gogra Of particular concern is the Depsang Plains, a strategically located area that borders Pakistan and China and is close to a vital all-weather highway
BEDI: Chinese domestic policy impacts global politics
Chinese domestic policy is more influential on the rest of the world, including the U.S., than we like to think. Other than the English translation of the Communist Party of China’s (CPC) journal, Qiushi, it is hard to come by any unified corpus of the latest in Chinese political philosophy. That being said, we still have access to quite a remarkable body of work from a wide variety of different positions in the Chinese political economy.
China’s film fans spend on home-grown entertainment as Hollywood struggles amid pandemic and geopolitics
Ticket sales for the first four days of the Lunar New Year holiday surpassed 2019 levels to around 4.5 billion yuan Chinese studios are now making high quality and culturally relevant films, leaving little room for mediocre American movies, says US producer
A New Generation, an Age-Old Question: ‘Where Are You From?’
More mobile than ever before, young Chinese are increasingly disconnected from their hometowns. So where are they really from?
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