Two decades on, China’s social credit system is more dysfunctional than dystopian.
In 1999, a frustrated young entrepreneur wrote a letter to then-Premier Zhu Rongji. Huang Wenyun had made a small fortune for herself by capitalizing on Shenzhen’s manufacturing boom and selling educational toys, but her business had hit a wall: Her products were so successful that the market was being flooded with cheap knock-offs, eating up a chunk of her profits and delivering a major blow to her business.
Not one to sit around, Huang had gone on a hunt for solutions to what
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Washington’s $370 billion Inflation Reduction Act was seen as a generational opportunity for miners in the U.S. as well as mineral rich trading partners. But almost two years later, the North American mining industry is in crisis and no closer to chipping away at China's dominance. What went wrong?
The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.
Navigate China's Business Landscape with Confidence.