The Pentagon has expressed concerns that China’s military buildup and lack of transparency could pose a risk to stability in Asia, AP reported. The Defense Department report to Congress cites the Taiwan Strait as being the main short-term focus of China’s military efforts. The People’s Liberation Army’s (PLA) acquisition and development of weapons to be […]
Category: Politics & Society
Highlights from the last week of China business news. IPO safe havens The A-share market isn’t doing so well these days, and regulators have their hands full. It wasn’t so long ago that the CSRC was encouraging mega-IPOs to soak up liquidity in the soaring A-share markets. Now, they’re saying the opposite, telling Ping An, […]
China has denied that it will abandon its one-child policy, Reuters reported, citing state media. The National Population and Family Planning Commission’s publicity and education department said an official’s earlier statements that the country would consider phasing out the policy were "incorrect" and "not verified." However, the earlier statements made by family planning minister Zhao […]
The National People’s Congress will discuss senior cabinet appointments and government restructuring at its two-week session starting Wednesday, the Wall Street Journal reported. The restructuring, seen as being aimed at centralizing power and reducing bureaucratic infighting, would combine several of China’s existing state agencies into a smaller number of "superministries." It is also thought likely […]
Chinese black swans, February 19: Black swans are a part of life. They are the term given by trader and author Nicholas Taleb to the unexpected, random, unpredictable events that disrupt models and forecasts, and make fools out of economists and analysts. SARS was a black swan, and so was 9/11. Who could have predicted […]