Uber, the world’s most valuable ride-hailing startup with more than USD 13 billion in funding, has agreed to merge its China branch with Didi Chuxing, after suffering from a grueling price war with the local rival.
An anonymous “person with authority” said that China’s economic trajectory was experiencing an L-shaped path, involving a sharp decline followed by a long period of flat or stagnant growth. The questions are: when will the decline bottom out, and is it sustainable?
The world order is facing challenges on all fronts. Elements such as geopolitics, income inequality brought on by globalization, and technological changes have coalesced into waves of populism, nationalism, and protectionism. The world is crying out for leaders with great wisdom.
Observers have argued that China did not fully appreciate the implications of not participating in the arbitration process. Not only did it give up its right to appoint the arbitrators, it also gave up its right to present its legal arguments and evidence to the tribunal and the international audience.
This essay is a preliminary analysis of the possible impacts the Permanent Court of Arbitration’s ruling on July 12, 2016 will have on the South China Sea situation, China-US relations and China’s relations with its neighbors.
A natural corollary of the expansion of China’s economy and its massive financial reform would be the internationalization of the RMB. As an international payments currency, the RMB has leapfrogged from 20th position in 2012 to 5th in 2015.
Zhang Dejiang, a ranking politburo member of the Chinese Communist Party, visited Hong Kong in May 2016. The highlight of his trip turned out to be gatherings with selected pro-democracy politicians from the island who espouse a more moderate position.
Unemployment insurance has become an important component of the social safety net in urban China, especially given the increased turnover rate in the labor market in the recent processes of economic restructuring.