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Jess Ma

Articles by Jess Ma

China needs risk assessment, anti-corruption measures to address ‘challenging’ belt and road environments

November 28, 2021

[unable to retrieve full-text content]China needs to ramp up its risk assessment and anti-corruption measures to mitigate political dangers and credit instability in its Belt and Road Initiative, analysts said, following a similar call from President Xi Jinping.Despite seeing concrete success with its flagship investment programme, Xi emphasised businesses’ responsibility to assess overseas risk regularly, as well as the need to establish an “all-weather” risk monitoring system and a thorough anti-corruption legal framework in a…

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China’s Singles’ Day sees surge in ‘nationalist’ spending as home-grown brands storm sales charts

November 20, 2021

[unable to retrieve full-text content]From local fashion brands to traditional medicine, hot selling items during this year’s Singles’ Day shopping bonanza were mostly home-grown goods, reflecting rising nationalist sentiment among Chinese consumers.Domestically designed and produced products dominated the world’s biggest online shopping event, with sales volumes of novelty items such as museum merchandise, for example, reporting a fourfold increase on the first day of discounts compared to last year, according to the Chinese…

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China’s SMEs: how important are small firms to the economy, and what challenges are they facing?

November 14, 2021

[unable to retrieve full-text content]China’s small and medium-sized enterprises (SMEs) have faced a host of challenges since early 2020, ranging from the economic shock of the coronavirus pandemic to surging commodity prices and regulatory challenges.Some of them are crumbling under the pressure, but Beijing’s attempts to alleviate their problems highlight just how important they are to the nation’s economy.What counts as an SME in China, and how many are there?Businesses in China are categorised by ownership and size.State-owned…

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Chinese producers pass on high raw material costs as inflation risks grow

November 10, 2021

[unable to retrieve full-text content]The price in China for titanium dioxide, a key ingredient in paint, has surged along with industrial metals and coal in recent weeks, showing how production inflation is rippling through the world’s No 2 economy.In mid-October, several Chinese paint companies posted notices online that prices for domestic and industrial paints, along with construction products that rely on them, would increase by 40 per cent.The culprit behind the price hikes is titanium dioxide, a key ingredient in making…

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China’s power crisis: Zhejiang the latest province to float electricity prices after Beijing eases restrictions

October 21, 2021

[unable to retrieve full-text content]Zhejiang province is the latest regional government to raise electricity prices and change peak-demand hours following Beijing’s announcement it would liberalise electricity pricing in response to China’s power crisis.The move follows in the footsteps of the southern manufacturing hub of Guangdong province, which hiked prices last month by as much as 25 per cent during peak-demand for industrial users.China’s top economic planning agency, the National Development and Reform Commission (NDRC),…

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