From imitation to innovation: How China became a tech superpower

 

In late October 2017, when I went to visit Kai-Fu Lee, China’s premiere artificial intelligence (AI)-focused venture capitalist, I entered his office complex from the back side of the building. Mistakenly, I took a wrong elevator and, as if tripping through a wormhole, briefly found myself in the Beijing of the past century. Continue reading “From imitation to innovation: How China became a tech superpower”

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China’s tourist numbers to rise this year after record 4.5b trips for 2017, says China think tank

by Jane Li / 25 January 2018/ SCMP

Mainland Chinese tourists made a record 4.53 billion domestic and overseas trips last year, the number equivalent to three times China’s population of 1.38 billion, to top the world list in tourism volume, according to one of China’s top think tanks. Continue reading “China’s tourist numbers to rise this year after record 4.5b trips for 2017, says China think tank”

China and global economic risks

Author: Editorial Board, East Asia Forum

On the surface of it, the global economic recovery looks stronger day by day. The International Monetary Fund has upped its forecasts and the underlying real growth trend in major industrialised country markets seems at last to validate the continuing exuberance of stock markets around the world. Continue reading “China and global economic risks”

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BEIJING — Winters in Beijing have long been choked by thick, dusty, toxic smog. But this winter, the sky has taken on a once seemingly unthinkable hue: blue.

Now, an analysis of government data by Greenpeace has confirmed what many people could see but that nonetheless seemed too good to be true. Continue reading “A Blue Sky in Beijing? It’s Not a Fluke, Says Greenpeace”

What can we expect in China in 2018?

by Gordon Orr/ December 2017/ McKinsey

The nation could be shaped by geopolitics, momentum from robust economic growth, and a host of new leaders eager to implement new policy.

With so many new leaders put in position over the last six months by President Xi, an overall leader secure in his position and clear on his objectives, 2018 is likely to see much more activity to implement policies, economic and social, that move China in the direction that Xi wants. We may need to worry more about overenthusiastic implementation of policy than the inaction we have often seen in 2017. Continue reading “What can we expect in China in 2018?”

Runaway borrowers the new face of China’s personal credit boom

by He Huifeng / 6 December 2017/ Reuters

China’s online lending boom has sent a steady stream of new clients to Guangzhou lawyer Luo Aiping in recent months: the parents and siblings of young men trapped or ruined by usurious debts. Continue reading “Runaway borrowers the new face of China’s personal credit boom”

Does halting of subway project mark end of line for China’s infrastructure building boom?

by Jane Cai / 4 December 2017 / SCMP

The unprecedented suspension of a 30.5 billion yuan (US$4.6 billion) subway project in the Chinese city of Baotou in August shocked residents and construction workers alike.

During a decade-long subway construction boom in China, no one had ever seen a project halted after construction had begun. Now they are wondering whether Baotou marks the end of the line. Continue reading “Does halting of subway project mark end of line for China’s infrastructure building boom?”

China shuts down tens of thousands of factories in crackdown on pollution

Staff writers, AFP / OCTOBER 25, 2017

CHINA has shut down tens of thousands of its factories in an unprecedented crackdown on pollution.

Across the country, whole industrial regions are being temporarily closed as environmental inspectors do their work and blues skies return. Continue reading “China shuts down tens of thousands of factories in crackdown on pollution”