After years of fighting to keep covid outside of China, the surge in infections in October and November forced Beijing to choose between enormous lockdowns and the abandonment of the 'zero covid' strategy. They opted for the latter, under pressure from the population. Nearly all restrictions have been removed by the government. As a result, over the past couple of weeks, a gigantic wave has hit a good chunk of the population. Let's look at what a newly opened China without quarantine and … [Read more...]
China’s Corporate Social Credit System: Watch Out For Supplier Risk!
Recently, I watched a webinar entitled "China's corporate social credit system: evaluating the impact on your supply chain". It was organized by the European Chamber of Commerce in China, and the Head of Risk Consulting at KPMG provided some insights. If you buy products from Chinese suppliers and/or that are made in China, this development comes as good news... and bad news. … [Read more...]