Investigations into alleged misconduct and criminality by companies are to be expected, and welcomed, in any country. However, the problems facing foreign companies in the People’s Republic of China (PRC) depart from normal legal checks and balances. The lack of separation between the judiciary and... MORE

Editor’s note: Tables at the end of the PDF version of this article detail a selection of the officials who have been investigated as part of probes into the health and financial sectors this year. On September 27, Chinese President Xi Jinping presided over a... MORE

Beijing has recently introduced a blitzkrieg of regulatory measures targeting industries ranging from video games and financial technology to food delivery and education (Tuzhixi, July 27, 2021). The introduction of these regulatory measures has had profound implications on China’s economic trajectory. China’s tech giants have... MORE

A steady drumbeat of ominous data and troubling commentary on the state of China’s economy has punctuated the summer months. Reports from the commentariat in the anglosphere have provided diagnostic analysis and detailed potential policy solutions that the Chinese government might pursue. However, China’s central decision... MORE

Introduction On February 27, the State Council of the People’s Republic of China released its Digital China Plan (数字中国建设整体布局规划), outlining China’s latest strategy for its “digital economy” (The State Council of the People’s Republic of China, February 27). The Plan highlights the PRC’s ambitions for... MORE

Introduction In March, the yuan became the most widely used currency by China in cross-border payments, surpassing the U.S. dollar for the first time (Guancha, April 27). This rising usage of China’s currency has coincided with the government’s renewed push for “Renminbi (RMB) internationalization” (人民币国际化).... MORE

Introduction China’s decade-long economic slowdown is accelerating. The pace has picked up since former U.S. President Donald Trump launched his trade war against China in early 2018, and even more so since the COVID-19 pandemic started in early 2020. This year has been particularly difficult... MORE

Introduction On June 10, the China Securities Regulatory Commission (CSRC) released a ministerial order to amend the Several Provisions on the Interconnection Mechanism for Transactions in the Mainland and Hong Kong Stock Markets (hereinafter referred to as “Provisions”), six months after its announcement requesting public... MORE

The relentless cascade of bad economic news in China has not only cast doubt on the governance ability of the Xi Jinping leadership, but has also called into question the long-term viability of the Chinese economic model, which stresses maintaining party-state control of the market... MORE

Introduction Sri Lanka is in the grip of an unprecedented crisis. For several months, the country has been reeling under a severe foreign exchange crisis. In early May, Foreign Minister Ali Sabry said that its usable forex reserves were just $50 million (Daily News, May... MORE