The rise of Uber and the challenges it now faces illustrate the pitfall of innovation. While one cannot argue against the sharing economy aspect of Uber, one cannot also ignore the regulatory arbitrage issues raised by the taxi drivers.
The bankruptcy of Westinghouse raised the spectre of a Chinese takeover of the nuclear power plant projects. Bloomberg reported that cabinet officials had been involved in discussions about how to keep Westinghouse out of the control of a Chinese entity.
India’s key challenge is to come up with a rational response to CPEC, and not allow any one strand to influence its approach towards this project, which seeks to connect Kashgar in Xinjiang with Gwadar in Balochistan.
During King Salman’s visit to Beijing, a major Sino-Saudi investment agreement worth an estimated USD 65 billion was signed and it included “a plan for the kingdom to participate in China’s Chang’e-4 moon mission and a partnership agreement for manufacturing drones.”
Chinese governmental policies and actions facilitated the development of the VC market in order to encourage innovation and technological development, and to stimulate structural reforms of the economy.
A recent blog article in the Wall Street Journal reports the views of the European Union Chamber of Commerce in China that China’s latest industrial policy is a waste of the country’s resources and a challenge to the members of the Chamber.
Athough CPEC offers more opportunities to Pakistan given the global connectivity of trade and investment expanded by China, yet the major question is how Pakistan and China can bring this vision into reality keeping in view the changing geopolitics in the South Asian region.
At a meeting with CEOs of major American corporations, US President Donald Trump complained that it was unfair that American cars could not enter the Japanese market while over a million Japanese cars are shipped to the US every year. Both Japanese government officials and automakers were puzzled by his criticism.