Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
The China Project spoke with Alicia García Herrero, chief economist for the Asia-Pacific at French investment bank Natixis and an adjunct professor at the Hong Kong University of Science and Technology, about Hong Kong.
How would the revocation of Hong Kong’s special status impact the special administrative region? The China Project lays out the key issues at stake.
Even as U.S.-China tensions escalate to levels unprecedented in the last four decades, three hard-charging Chinese internet companies are confidently expanding in America.
China is experiencing its worst economic slowdown in decades with tens of millions of people unemployed and a demand slump around the world dampening chances for a quick recovery. Premier Li Keqiang nonetheless sounded an upbeat message on the sidelines of the National People's Congress.
Former White House communications director Anthony Scaramucci says President Donald Trump’s policies toward China are counterproductive. “When he acts nuts I have to call it out,” Scaramucci said at a The China Project-hosted webinar on May 21.
Amid push from U.S. lawmakers to tighten regulation of Chinese and other foreign companies that list of U.S. exchanges, NASDAQ has said it will delist Luckin Coffee. A legal challenge from the company may be forthcoming.
Kevin Mayer, who transformed Disney into a streaming powerhouse, is leaving to become the CEO of TikTok, a Chinese social video app that has surged in popularity and drawn scrutiny from U.S. lawmakers.
Legislation passed by the U.S. Senate that may bar Chinese companies from U.S. markets, part of a broader push by Republican lawmakers for economic decoupling, could have a “very significant cost in terms of hurting U.S. interests,” said economist Yukon Huang, a senior fellow at the Carnegie Endowment for International Peace and formerly the World Bank's country director for China.
Rather than a specific GDP growth target, the government's economic goals amid the pandemic are simply to ensure that ordinary people do not suffer, that China’s poverty alleviation targets remain on track, and that the economy remains fundamentally sound.