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This week, one of the most popular subjects on Chinese social media is Didi and the company’s dire financial state. On July 21, the Cyberspace Administration of China (CAC) fined Didi Global 8.026 billion yuan [US$1.19 billion] for allegedly violating at least three main laws, notably China’s Network Security Law, Data Security Law, and Personal…
Several economists expect that China will avoid a Japan-style stagnation — if the right policies take effect. In the second quarter, China’s GDP barely rose, while Covid lockdowns slowed growth. These limitations are no longer in place. Despite this, the government is awaiting a meeting of policymakers at the end of the month to discuss…