The recent crackdown on China’s Big Tech has attracted significant international attention. In November 2020, Jack Ma, the founder of China’s prominent Alibaba Group, including its subsidiary the financial technology giant Ant Group, sharply criticized China’s banking regulation at a conference in Shanghai before Ant’s IPO. In his words, the “pawnshop mentality” of Chinese banking […]
Tag: Chinese Economy
With or Without Huawei: That is The Question
Meng Wanzhou, Huawei, and 5G Walking out of a villa located in the affluent neighborhood of Shaughnessy, Vancouver, was an elegant, confident lady clad in a Gucci dress and Jimmy Choo heels with a low-key Hermes purse. Had it not been for the electronic monitor right above her ankle, people would have easily thought of […]
The Malacca Dilemma: A hindrance to Chinese Ambitions in the 21st Century
“This man may look intelligent but in fact is stupid.” As evident from the quote above, Deng Xiaoping had a rather low opinion of Mikhail Gorbachev, the last President of the USSR. Xiaoping did not believe in imitating the western model of success. While Gorbachev had tried to reform the USSR through westernized political reform […]
No Longer a Gold “BRICS”?
“China and India could really go to war,” I said to myself when rolling down the comment area of a Chinese news site. “Group Fight between Indian and Chinese Troops, Indians Thought They Won!” the title of the article provocatively claimed, referring to the conflict between Chinese and Indian troops, in which both sides threw […]