China’s Social Credit System is a big data-enabled toolkit for constant monitoring of all market participants in respect to compliance with laws and rules. Its core concept is the self-restriction of economic actors. Based on massive data collection, ratings are generated for each market participant. These ratings are publicly available and can result in rewards… Continue reading China’s Social Credit System – A Revolution in the Market Regulation?
The survey result of the American Chamber of Commerce in Shanghai indicates that around 20% of the US companies in China are shifting their investments planned for China to other destinations, mostly to Southeast or South Asia. The reasons lie not only in the rising costs, but in a shortage of skilled workers and the… Continue reading US Companies are Shifting Their Investments from China to South- and Southeast Asia
On June 16, China’s State Council released a new foreign investment negative list to further ease investment access. These new measures on foreign investment access will take effect on July 10, and replace the old one issued in April 2015. The new negative list covers 40 categories and 95 special management measures grouped into 15… Continue reading China Introduces New Negative List for Foreign Investment