Both China and the US want to see their countries become world leaders in the chip industry, but now the Biden administration is upping the ante in US-China chip-related trade tensions, with measures to prevent American citizens working on Chinese chip design and manufacturing, writes Joe Cash On 24 October, a notice went around Chinese chip maker Yangtze Memory Technologies Co Ltd (YMTC): the company had terminated the contracts of …
Cheap energy has allowed China to emerge as a leader in green technologies. But with intense heatwaves causing water to become scarce this summer, Torsten Weller argues that fundamental adjustments will be needed to ensure that net zero goals can be met Rising energy costs are probably one of the most pressing issues in current UK politics. And while the spike in electricity and heating bills is probably temporary, electricity …
What is happening in China’s real estate sector? It used to be a key driver of the economy, but the tide has turned and now it’s starting to drag. Failure to regulate the sector in boom has left the country with limited options in bust, and as a result, UK companies are beginning to be impacted because Chinese partners are defaulting on their payments due to cash flow issues, writes …
In June, the G7 proposed its new ‘Partnership for Global Growth’ (PGII) as a greener, more sustainable alternative to China’s Belt and Road Initiative (BRI). Unfortunately, PGII is based on several misconceptions about Chinese outbound investment and risks repeating some of China’s mistakes, writes Torsten Weller At the summit in Germany in late June, the heads of government of G7 countries announced the launch of a USD600 billion infrastructure programme …
The state is upping the ante in China’s venture capital and private equity markets – with mixed results. Will entrepreneurs soon find their prospects hinge on whether the focus of their innovation aligns with the Chinese government’s ideal for a technologically advanced state? Joe Cash investigates Spread across roadsides the length and breadth of the country, red banners with the ubiquitous phrase ‘Party Spirit’ extol the virtues of the Chinese …
Li Keqiang’s economic policy – called Likonomics – has received new attention as China seeks to recover from the latest Covid outbreak, but weak domestic demand and a struggling property sector might force Chinese leaders to abandon Likonomics at the next Party Congress in autumn, writes Torsten Weller The dramatic weakening of China’s economic performance – caused by the lockdowns in Shanghai and other big cities – has prompted Premier …
The US and China appear to have realised the constraints placed upon them by their interdependence and are seeking to ease relations as a result, with high-level government-to-government engagement between the pair ramping up significantly over the past year. However, companies from the US and beyond will need to continue to tread carefully in and around China, writes Joe Cash In American political circles, China is seen as both a …
China is asking difficult questions of foreign investors and has seemingly changed how it approaches economic engagement with the wider world. British companies will need to pay even closer attention to what is coming out of Beijing if they are to stay ahead in China, cautions Joe Cash “The world is not waiting for China to resolve its Covid challenge… [foreign companies] move on, and China runs the risk of …
China’s investment in new infrastructure and industrial automation requires skilled technicians, but vocational education has always had a bad rap in the country – until now. After a recent change to the Vocational Education Law, are there now new opportunities for UK businesses, asks Torsten Weller? Escaping the dreaded ‘middle-income trap’ has long been a major concern for Chinese policymakers. Improving education levels is therefore a key policy goal. But …
Reaching peak carbon emissions and achieving carbon neutrality has not only become a common goal in the international community, but it has also become a part of China’s national strategy. As pioneers of China’s economic development, national economic and technological development zones (NETDZs) have launched a series of measures to contribute to green development – so what should you look out for when investing in them? Reining in industry’s contribution …