Economy « Week In China

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Economy

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Why an extradition bill has been wreaking havoc in Hong Kong
Jun 14, 2019 (WiC 456)

For journalists in the modern era, reporting on crowd sizes at very large protests is problematic. The organisers of the demonstrations generally say one thing on the numbers; the authorities say another. We do know that hundreds of thousands ...

Graft probe into former CSRC boss sends mixed signals
May 31, 2019 (WiC 454)

Another week, another high profile official gets swept up in Chinese leader Xi Jinping’s anti-corruption net. Last week’s scalp was Liu Shiyu, who until four months ago was still heading the China Securities Regulatory Commission (CSRC), the ...

Will China’s future answer to Stanford be based in Dongguan?
May 31, 2019 (WiC 454)

Such is the blizzard of announcements about new investment in the Greater Bay Area in southern China that some of the projects barely make it into media view. Someone who evidently knows how to cut through the noise is Xiao Yafei, the mayor of ...

Founder of UC Express and his wife found dead at their home
May 17, 2019 (WiC 452)

When it comes to shocking corporate statements, few will be worse than the one published by UC Express last week: its 47 year-old chairman Yu Lianbing, who founded the Chinese courier firm 10 years ago, was found dead in his home in Shanghai on ...

Is this the Enron moment for China’s accounting profession?
May 17, 2019 (WiC 452)

Among all the things that sit on a company’s balance sheet, “cash” should be the most straightforward item for auditors to deal with. A written confirmation from the bank is often all that’s needed to verify the cash position the company ...

Why are US and China playing brinksmanship ahead of crucial talks?
May 10, 2019 (WiC 451)

“Deals are my art form,” Donald Trump explains at one point in his book on the topic. “Other people paint beautifully on canvas or write wonderful poetry. I like making deals, preferably big deals.” A pair of tweets from the American ...

Is job loyalty on the wane in Chinese workplaces?
Apr 26, 2019 (WiC 449)

The Chinese for job hopping is tiaocao or “jumping troughs”. For Chinese employers it is huge headache, especially in boom cities like Beijing, Shanghai and the tech hubs of Shenzhen and Hangzhou. But Zhejiang’s provincial ...

How demographic trends are shaping the future
Apr 18, 2019 (WiC 449)

“Fewer and better births, a service to the nation” was the command from the Chinese authorities not much more than a decade ago. How times have changed: Beijing is now in a battle to boost the birthrate. The Chinese have had a major ...

Japanese firms leave China, but supply chains are set for a bigger overhaul
Apr 12, 2019 (WiC 448)

When Sony first set up shop in China in 1996, globalisation was in full swing and the world was getting to grips with an exciting new technology called the digital versatile disc, or DVD. Just over two decades later and Sony is on the move ...

Local tycoons unsettled as Hong Kong tries to change extradition rules
Apr 12, 2019 (WiC 448)

Exiled former Thai prime minister Thaksin Shinawatra and his family have been spotted in Hong Kong from time to time. Last month, the billionaire was said to have thrown an extravagant wedding for his daughter. But he might think twice about ...

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