Commentator Tan Haojun highlights the many grey areas that the people in white in China find themselves in, amid an all-out anti-corruption campaign in the medical sector. It may be unimaginable that the same sector lauded for brave work during the pandemic is under investigation for rampant corruption. The reality is that heroes and the corrupt coexist, and only by reining in those hungry for power and profit can the system start to rid itself of the bad hats.
Society
Economy
Despite a booming electric vehicle (EV) market in China, local EV manufacturers are facing a tough road ahead as the Chinese government cuts subsidies and EV giant Tesla increases its competitiveness by lowering prices. Chinese financial commentator Tan Haojun believes that Chinese EV manufacturers would need to compete in terms of research and development in order to stay in the EV market.
Economy
So far, Fitch is the only one of the “big three” credit rating agencies to release a statement raising the possibility of a review of the US sovereignty rating with negative implications. Financial commentator Tan Haojun says that the three agencies are giving the US a lot of leeway that would probably not be given to other countries, when they should be impartial and fair in giving a rating.
Economy
Chinese financial commentator Tan Haojun looks at what China has done right to quickly recover after the pandemic, and what makes international financial institutions and analysts confident about its economy.
Economy
Chinese financial commentator Tan Haojun adopts a positive and determined view when he says while the coronavirus situation has affected China’s economic development and role in global supply chains, this is short-term — much like recovering from the common cold. All things considered, China is already recovering at a breakneck pace and predictions that decoupling from China will hasten are much exaggerated.