Chinese movies earn billions of dollars annually, but it is domestic sales that overwhelmingly drive the success of the industry. It remains to be seen if China can attract foreign audiences to its films. Learn more with this ChinaPower exclusive.
Rooting out corruption is critical to economic development, as it undercuts government revenue and limits the ability of government to implement effective policies. Learn more about the impact of corruption in China with this ChinaPower exclusive.
ChinaPower hosted its third annual conference on November 29, 2018. The conference featured Senator Edward J. Markey and Admiral Philip S. Davidson as the keynote speakers.
The automation of processes and procedures with cutting-edge technologies, such as advanced robotics and artificial intelligence, has the potential to fundamentally change the global economy. As China looks to sustain economic growth, how it harnesses automation will be crucial to its long-term economic competitiveness.
China’s economic modernization has created ripe conditions for commercial aviation to blossom. The industry’s emergence has not only enabled individuals to travel and exchange ideas, but it has likewise connected businesses and economies. How China manages this growing industry may prove critical in Beijing’s push to upgrade the economy.
Decades of economic growth coupled with its ongoing military modernization have enabled China to emerge as a major player in the global arms trade. Between 2008 and 2017, China exported some $14.4 billion worth of conventional weapons across the globe, making it the 5th largest arms supplier in the world.
The prosperity of any economy relies on a variety of factors that drive productivity. One way of measuring these elements is by examining competitiveness. This feature uses data from the World Economic Forum to assess China’s competitiveness in terms of the institutions, policies, and other components that support its economic output.
Encouraged by Beijing’s “Go Global” strategy, Chinese firms have expanded into foreign markets to acquire resources and assets while spurring domestic innovation. Overseas investment allows China to bolster its own economy and leverage its economic power to expand its influence abroad.