Beijing's ambitious plans to become an innovation powerhouse have produced mixed results.
A robot is displayed at the World Robot Conference in Beijing, China, August 18, 2022. Credit: Anna Ratkoglo/Sputnik via AP Photos
Asia is slowing down. Growth will struggle to top 4 percent in 2022, with China growing at under 3 percent. Given that China has been the most powerful locomotive of Asian growth in recent decades, the implications of this are highly significant, not least for the world economy.
Most explanations for the slowdown have focused on short-run pressures from China’s zero-Covid policy and the unfolding fall in real estate values. The implications for financial and government institutions’ balan
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Millions of Chinese factory owners have been bequeathed a difficult inheritance. AI offers a way to modernize their parents’ low-margin businesses, but only if they can overcome often deep-rooted resistance to change.
Rebuilding healthy ties between the Indian and Chinese governments is likely to be a long process, with issues from the border to the Dalai Lama’s succession looming.
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