The view from China
The role of private enterprise
The regulatory crackdown continues apace and whilst China’s Economic Tsar Liu He has assured private enterprise they are essential to China’s growth and economic stability, the meltdown of real estate giant Evergrande suggests otherwise.
There has also been a great deal of focus and attention paid to the latest ‘common prosperity’ campaign and foreign companies, in addition to their domestic counterparts, are grappling with how they might reduce risk and improve their ‘CP’ credentials.
Highlighting a company’s ESG (Environmental, Societal and Governance) criteria and working closely with local partners to achieve this goal would seem a sensible first step.
Chinese relations with the outside world
A much overdue call between Presidents Joe Biden and Xi Jinping last week was welcome but has not yet led to any substantive dates for face-to-face meetings. At least China’s ‘Wolf Warrior’ diplomatic corps has been uncharacteristically quiet most recently as