DENNIS LEE discusses the impact of China’s new National Security Law on Hong Kong’s financial markets. On June 30, 2020, after an entire year of pro-democracy protests in Hong Kong against tighter control from the Chinese Communist Party (CCP), Beijing passed the Hong Kong National Security Law. The Law, officially titled the Law of the People’s Republic of China on Safeguarding National Security in the … Continue reading China’s New Economic Plan without Hong Kong
DANIEL CHEN investigates the impact of the COVID-19 pandemic on food delivery workers, bringing attention to the pressing need for reform and regulation of China’s gig economy. On March 21st, 2020, a Chinese delivery man named Mr. Gao was put on the front page of TIME magazine under a heading describing delivery workers in heroic terms. When the whole country stopped amid the coronavirus pandemic, … Continue reading Heroism & Survival: Chinese Food Delivery Workers
EMMA YANG takes an in-depth look into China’s 2017 Artificial Intelligence Development Plan (AIDP), assessing its impacts, drawbacks, and effectiveness in propelling the country to the forefront of AI technology. Artificial intelligence (AI) has entered the common parlance of those in the technology industry and those on the outside looking in all the same. Many developed countries are investing millions of dollars to expand industries and … Continue reading Artificial Intelligence: China’s Next Steps to Avoiding the Middle-Income Trap
EMILY LIN evaluates the success of recent reforms to China’s intellectual property rights regime and discusses future roadblocks to indigenous innovation. As China progressively shifts away from an export-based, growth-centric economic development model, indigenous innovation will play a critical role in determining the trajectory of growth in upcoming years. Initially, China’s growth has been spurred by low-value production of goods made for export, typically using … Continue reading China’s Innovation Challenge: Intellectual Property Rights Reform
EMILY LIN chronicles the explosive growth and harrowing decline of shadow banking in China. China’s shadow banking sector has developed rapidly since the Global Financial Crisis in 2008, sparking intense international debate over the potential financial risks that may arise in a largely unregulated private lending market. The scale of China’s shadow banking sector is estimated to encompass roughly 43% of China’s total GDP at RMB … Continue reading Invisible Money: Rise and Fall of Shadow Banking in China
ADINA-LAURA ACHIM analyzes China’s efforts to rebrand Made in China and pivot to more environmentally sustainable production. Throughout the centuries, the Made in China label denoted high quality, impeccable craftsmanship, artistry, and skillfully curated products. “European traders and power brokers traveled the Silk Road to purchase silks, stone-carved decorative pieces, cashmere, unique calligraphy, and first-rate ceramics,” said Jing Daily. However, on its quest to become the … Continue reading Made in China Done Right: Sustainability Reforms in Chinese Manufacturing
DYMPLES LEONG explores how people’s use of fintech changes during times of unrest in China. The push towards a cashless society by governments and the private sector has led to a rapid global development of the financial technology (fintech) industry. Countries in Asia are increasing their adoption of fintech to meet the challenges of a globalized digital economy, such as access to underbanked individuals and … Continue reading Fintech Disrupted
JOE WU evaluates the evidence against Huawei and whether provable security concerns justify targeting Huawei and potentially fracturing the global telecommunications order. On December 1st, 2018, Huawei CFO Meng Wanzhou was detained in Vancouver on suspicions that Huawei had violated economic sanctions on Iran. The unsealed indictment revealed additional allegations charging Huawei with obstructing justice and stealing technology. If the allegations are proven and the … Continue reading Entangled in Huawei?
SHARON LI analyzes the Chinese government’s extensive use and potential abuse of blockchain technology in the context of Beijing’s opposition towards cryptocurrency. As the mayhem around bitcoin has begun to die down in the United States, the record-keeping technology behind it—blockchain—still surges forward. In China, this is no exception. The most basic definition of blockchain calls it a “distributed, decentralized, public ledger”; in other words, … Continue reading Blockchain: Rising Tide or Binding Fetters for the Next China?
SHARON LI does a deep dive into China’s surveillance development and its domestic and global implications. As China races towards establishing itself as the world’s leading technology superpower, new developments in advanced technology have seen large-scale integration on the state level, particularly within the expanding presence of the country’s surveillance state. In previous decades, surveillance has largely been limited to vast sets of video footage … Continue reading Eye Spy: Chinese Surveillance and the Dawn of Digital Authoritarianism