In The News

Eben Novy-Williams October 10, 2019
Through three decades’ development, basketball has attracted an annual Chinese audience of more than 800 million, creating a market with billions of dollars revenue. However, one swiftly deleted tweet may threaten all those painstaking efforts. Daryl Morey, general manager of the Houston Rockets, tweeted an image of a slogan supporting Hong Kong’s protesters, and China responded quickly. Some...
Jamil Anderlini October 7, 2019
Hong Kong’s status as a vibrant financial center, a base for companies of all types, flourished under democracy. Democracy and fears about erosion of freedoms also fuels protests. Hong Kong, as a special administrative region of China, operates with a separate set of political processes, since 1997 through 2047. Increasing Chinese influence over Hong Kong, including expulsion of specific elected...
Yuan Yang October 4, 2019
After acquiring a 70 percent stake of GoPay, a small Chinese online payment company and receiving approval from the People’s Bank of China, PayPal is the first foreign company to win Chinese payments license. Visa and Mastercard are waiting for license approvals. PayPal will face a huge market opportunity since China’s third-party online payment has risen to ¥277 trillion in 2018. And PayPal’s...
October 2, 2019
The People’s Republic of China is celebrating its 70th birthday. The nation emerged during an “era of ideological zeal, when the socialist and capitalist blocs were locked in a global battle for influence,” explains an editorial in Pakistan’s Dawn, and its growth miracle started in earnest once Deng Xiaoping opened up the economy and loosened communist ideology. Today, President Xi Jinping has...
September 30, 2019
The Trump administration has considered removing Chinese firms from US stock listing, report unnamed officials. Then, a US Treasury statement suggested there are no plans for delisting at this time. China responded with assurances that it will continue to open its financial markets and encourage foreign investment, reports Bloomberg. “A U.S. crackdown on capital flows would present a new pressure...
Rodion Ebbighausen September 27, 2019
Governments block citizenship for people whose families have lived in regions for multiple generations. India published a National Register of Citizens listing 31 million people in Assam province; those not on the list are considered migrants. “Any applicant unable to prove that they lived in the state before the March 24, 1971 deadline was considered to have ‘doubtful’ status,” reports Rodion...
Michael L. Tan September 14, 2019
The Philippines educates and trains nurses for work overseas, but the number available for workplaces at home is sinking. Fewer people enter nursing or pass the board exams. Turnover rates are high with dissatisfaction over wages. “Between 2012 and 2017, 92,277 nurses left to work overseas,” explains Michael Tan for the Inquirer. “That’s more than the total number of nurses who passed the board...