Latest news with #DavidTingxuanZhang
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
China is quietly building a tech-driven welfare state
The city wall in Xi'an, pictured on May 1. China's government is aiming to navigate a pressing policy dilemma: how to support consumption and reduce inequality without dramatically expanding the welfare state or resorting to debt-heavy stimulus. © AP David Tingxuan Zhang is an analyst at Trivium China, a Beijing-based strategic advisory firm. Last month, the Chinese government released two major policy documents that, taken together, signal a quiet but consequential shift in how it approaches social welfare.
Nikkei Asia
09-05-2025
- Business
- Nikkei Asia
China's economic resilience rests on a more trustworthy government
David Tingxuan Zhang is an analyst at Trivium China, a Beijing-based strategic advisory firm. With its economy wobbling in the face of renewed trade tensions with the U.S., China is pushing forward with domestic reforms to shore up business confidence. Those include a renewed pledge in March to improve the country's much-debated social credit system, a tool long synonymous with tracking and punishing untrustworthy citizens and companies. Only this time, the spotlight has turned inward: Authorities are vowing to hold the government itself to account.
