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.
One reason why apartments in Chinese cities are so expensive is that their owners pay no tax on them, which distorts the economy and creates a host of socio-economic problems. But fixing this problem might just be too difficult, even for Xi Jinping.
China needs to burn coal to end power shortages, but is the country’s ongoing electricity crisis all bad news for the climate? No, writes energy policy researcher David Fishman, because by using the crisis to implement fundamental price reforms for power markets, Beijing has actually disadvantaged coal in the future and taken a major step toward decarbonization.
LinkedIn, which since 2014 has represented the largest social media portal through Beijing’s Great Firewall, has decided to close down its localized China version. Increased censorship pressure, compliance costs for new laws, local competition, and bad PR outside of China may have all contributed to the move.
After Beijing banned for-profit tutoring, parents asked for their money back. Now the government is stepping in to ensure they can actually get it.
Chinese tech companies are notorious for their punishing work schedules that often mean 12 hours a day at the office, six days a week. Since 2019, there has been a growing clamor from tech staff to cut their work time, but it does not seem to have worked, judging from a new crowdsourced survey.
Another Chinese for-profit after-school tutoring company is in trouble after Beijing’s blanket ban on the industry.
In a statement yesterday, China's banking regulator urged more funding to coal mines and plants to tackle energy shortages, but also made an unrelated but important demand to reduce excessive loans. A few peculiar types of loans were specifically named, including “graveyard loans,” to pay for a deceased relative’s burial site.
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work?
China’s most powerful internet regulator says the country’s companies and government organizations have three years to set up a governance system for the algorithms that power many of the internet services that consumers use daily.