Chinese economy

China charts five-year course through economic storms

China’s top Communist Party leaders will meet late next month to sign off on the next five-year grand plan for the economy. The Party’s annual plenary meeting in Zhongnanhai will lay down economic and social development imperatives to be attained by 2025. A Xinhua circular…

Managing your Chinese business during Covid-19 era

The spread of Covid-19 has presented China-based businesses with unprecedented challenges. Businesses are now relying on a scattered workforce and operational downtime, and thwarted supply chains are threatening to bring business to a standstill, while reduced personnel has precipitated new human-resource challenges. Economy uncertainties and…

Beijing takes private firms under its political wing

Beijing appears to be forcing private enterprises and their owners and stakeholders to adopt the same “political requirements” that apply to Communist Party members and state enterprises. The Party push comes after President Xi Jinping’s latest direction to ramp up the Party’s so-called United Front…

Xi’s buy-local economic rescue plan faces hard sell

Much is at stake with Beijing’s new “dual circulation” drive, buzzwords coined by President Xi Jinping to describe a push for more domestic consumption while maintaining strong contacts with major trading partners.  The de-globalization and protectionist headwind facing Beijing, compounded by Washington’s belligerence, has apparently…

Follow Party’s lead, Beijing tells private firms

A new directive issued by the Communist Party’s top leadership on stepping up the “United Front” work for the nation’s wide swath of private businesses has again ignited fears. Some entrepreneurs wonder if Beijing aims to sit on the board of each and every private…

US-China tensions rooted in deep, long-term shift

The recent decline in US-China relations has many contributing factors that arise from the domestic politics of both countries.  The single most important trigger, however, is a key structural change: China becoming nearly as strong an economic and military power as the US.  The growth…

Poor drag anchor as Xi turns the economic ship

Covid-19 has driven home the fact that as the world market is crippled by the health crisis, Beijing has to count on self-sufficiency and call on its own people to spend their way out of trouble. President Xi Jinping has coined the term “internal circulation”…

‘Dual circulation’ strategy China’s message to US

The year 2016 was marked by a strong wave of right-wing populism, isolationism, protectionism, and anti-globalization on both sides of the Atlantic. The current British Prime Minister Boris Johnson and UK Independence Party leader Nigel Farage successfully sold their anti-globalization campaign in the run-up to…

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