https://www.scmp.com/rss/322522/feed Fred Hu is a Chinese economist and chairman of Primavera Capital Group. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Beijing’s move to introduce a national security law for Hong Kong has sparked fresh upheaval and ominous threats from Washington, which has declared Hong Kong insufficiently autonomous from China. To many, the doomsday scenario for Hong Kong is near: highly mobile capital and human talent flee the city, Hong Kong’s role as an international financial centre quickly declines and China’s global standing suffers irreparable damage. The rapidly deteriorating situation is a cause for alarm. To get out... https://www.scmp.com/comment/opinion/article/3087165/make-hong-kong-safe-again-both-sides-must-turn-pragmatic-compromise?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3087165/make-hong-kong-safe-again-both-sides-must-turn-pragmatic-compromise?utm_source=rss_feed Thu, 04 Jun 2020 01:30:12 +0000 The United States has become the new epicentre of the coronavirus pandemic. As cases of infection and death tolls continue to climb, the US economy has begun to go into free fall, with the jobless rate expected to hit 20 per cent, a level not seen since the Great Depression. The fate of economies elsewhere is just as dire, if not worse. For the first time in modern history, all economic engines worldwide are in “great lockdown” mode. The US Federal Reserve has acted swiftly to cut interest rates... https://www.scmp.com/comment/opinion/article/3080179/us-coronavirus-economic-relief-package-has-one-glaring-flaw-failure?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3080179/us-coronavirus-economic-relief-package-has-one-glaring-flaw-failure?utm_source=rss_feed Thu, 16 Apr 2020 19:00:13 +0000 At the 2018 US Open women’s singles final, America’s Serena Williams threw a tantrum while under intense pressure from a hitherto unknown player, Naomi Osaka of Japan. After being warned for a code violation, Williams angrily accused the chair umpire of being “a thief” and “a cheat”, smashed her racket on the court, and protested that the game was “unfair”. She eventually lost the match to Osaka, but more devastating than losing the title, her appalling behaviour tarnished the sport’s image and... https://www.scmp.com/comment/opinion/article/3014556/trade-and-tech-us-can-do-better-throwing-tantrum-over-losing?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3014556/trade-and-tech-us-can-do-better-throwing-tantrum-over-losing?utm_source=rss_feed Sun, 16 Jun 2019 17:00:11 +0000 Washington’s aggressive trade offensives against Beijing are, to a large extent, prompted by the fear that China is emerging as a serious rival to the United States in tech supremacy. American critics accuse China of a long list of misconduct, ranging from intellectual property theft and forced technology transfers via joint ventures to state subsidies of Chinese tech firms. “Made in China 2025”, a policy paper unveiled by China’s State Council in 2015, has stoked most of the anger and fear... https://www.scmp.com/comment/insight-opinion/united-states/article/2155200/relax-america-state-policies-made-china-2025?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2155200/relax-america-state-policies-made-china-2025?utm_source=rss_feed Sun, 15 Jul 2018 06:30:27 +0000 China is facing the difficult task of managing a soft economic landing, after decades of spectacular expansion. Naysayers abound, but never mind them. China has an advantage that other countries in today’s troubled global economy lack: a clear path forward. If China carries out a sustained, comprehensive effort to raise productivity, it can address its growth challenges, reduce the risks of financial crisis and complete its transition to a consumption-driven, high-income economy with a large and... https://www.scmp.com/comment/insight-opinion/article/1937553/five-trillion-reasons-china-push-ahead-economic-reforms?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1937553/five-trillion-reasons-china-push-ahead-economic-reforms?utm_source=rss_feed Thu, 21 Apr 2016 09:00:15 +0000 The rout in China's stock markets has sent shockwaves across the world, dragging global equities, currencies, bonds and commodities into the worst tailspin since 2008. Both domestic and international investors seemed to have lost faith in China's once-fabled ability to manage its economy, hence the deepening gloom and spreading panic everywhere. While there are very valid concerns about China's economy and financial system, market reactions are vastly exaggerated. To start with, China's falling... https://www.scmp.com/comment/insight-opinion/article/1853065/market-rout-will-strengthen-chinas-resolve-implement-long?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1853065/market-rout-will-strengthen-chinas-resolve-implement-long?utm_source=rss_feed Thu, 27 Aug 2015 09:15:45 +0000