Trade War Drains China’s Social Security System (Nikkei Asian Review)
China’s social insurance program is not aging well.
The trade war with U.S. and the coronavirus pandemic forced the government to repeatedly offer generous stimulus to ease Chinese companies’ burden of social welfare contributions.
But this led to a smaller pension pot. Social security expenditures for fiscal 2020 are set to exceed revenues for the first time since 1998, creating red ink.
- The Great Chinese Exodus (WSJ)
- AmCham China: 60% of Foreign Companies Feel Unfairly Targeted
- China: A Visit to the Epicenter (KKR)
- This is the Asian Century: Seven Reasons to be Optimistic About It (Nikkei Asia)
- The World Cup Will Likely Hit Macau Gaming Revenue Growth (Macau Business Daily)
- China’s Local Governments Ride to the Rescue of EV Startups (Nikkei Asian Review)
- Hong Kong Stocks Roar Into 2021 on Surge of Investment From China (Nikkei Asia)
- Alibaba and JD.com Battle for the Next Big Emerging Market: Inland China (Quartz)
- China Internet Update (KraneShares)
- Moody’s Downgrades Macao to Aa3 with Negative Outlook (Moody’s)
- China Still Leads the BRICs in the Global Competitiveness Report
- Look Out Tesla, SAIC’s $4,500 Electric Car Takes China by Storm (Nikkei Asia)
- LG and Samsung in Full Retreat Before Chinese Flat-panel Onslaught (Nikkei Asian Review)
- US-China Tech War: Beijing’s Secret Chipmaking Champions (Nikkei Asia)
- How China’s Chip Industry Defied the Coronavirus Lockdown (Nikkei Asian Review)