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Beijing is undergoing an unprecedented change in its energy mix. This is a major gamble that can be explained by the coming together of three concomitant factors.

This column was previously published in L’Opinion on 9th February 2021

Whereas the 2015 COP21 has unfortunately fallen to the wayside, China’s surprise announcement in September 2020 that it was targeting carbon neutrality by 2060 marked a real turning point in global environmental policy. This unprecedented gamble on changing the energy mix — with the aim of replacing almost 60% of China’s coal-fueled production by renewable energy in only 40 years — seems…

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China aims for quantum supremacy / iStock

This column was previously published in Les Echos on 22nd January 2021

By rejecting technology — that of the new vaccine and of 5G — France continues to sink into a “society of fear” whilst the Chinese “society of zeal” pursues its conquest of the 21st century. Far from being considered a disruption leading to a so-called post-Covid world, the pangolin is perceived in China as the harbinger of a speeding-up of digitalization. A century after the Roaring ’20s in the USA, China is entering its “Roaring 2020s” in the same spirit: the automobile of the 1920s has become the…

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Shanghai Stock Exchange— SIPA PRESS

“Nothing can stop China. Not even the most serious health crisis since 1918. Xi Jinping can boast about achieving positive growth in 2020. He is the only one” writes Rémi Godeau. Western investors are going to see a good many of their past convictions challenged. This will mean that the underweight position of China in global portfolios is bound to change. And this is going to make waves…

This column was previously published in “Les cahiers de l’Opinion”, on 15th january 2021

In 2001, China rose to the challenge of becoming part of the World Trade Organization. And, to the…

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This column was previously published in L’Opinion on 23rd december2020

With the explosion of live streaming and its unique business model, China shows that it is modernizing without Westernizing.

For the rest of the world, China in 2020 will always be associated with finding out about the pangolin, whereas young people in China will remember the year as marking the explosion of live streaming, which has profoundly changed their way of life. The phenomenal success of this new medium derives from its main originality: it makes video interaction possible in real time, creating a new form of sociability that covers…

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Jack Ma, Alibaba’s 20th birthday | Copyright : Chine Nouvelle / SIPA

This column was previously published in Les Echos, on 7th December 2020.

The Ant Group’s IPO, to be launched on the Hong Kong and Shanghai stock markets at the same time, would have been historic from more than one point of view. Apart from its unrivalled size — set to raise $35 billion — it would, for the first time, have given the blessing to the appearance of a Chinese new entrant with a market capitalisation greater than the largest existing Western player, the American JPMorgan. …

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Peter Schrank for The Economist

Investment portfolios worldwide only have 3% of their assets in China, whereas the country accounts for 15% of world GDP. For the Western investor, this underweight must rapidly be closed.

This column has previously been published in L’Opinion on 17th november 2020

Have the financial markets been closed for 12 years?” asked Huang Guangyu, the founder of the distributor Gome, when he was released from prison last June. Once the richest man in China, he was surprised that the Shanghai stock exchange index was at the same level as it had been on the day he was incarcerated. …

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People arrive at Hankou Railway Station in Wuhan, on April 8, 2020 — CHINE NOUVELLE/SIPA

This column was previously published in L’Opinion, on 4th november 2020.

Technology, authority, and a common objective in ending the crisis: these are the ingredients of the Chinese success and which are cruelly lacking in France at the moment.

In October, the highly dynamic France-China Chamber of Commerce held its traditional annual gala, bringing together 800 people without masks. In doing so, it intended to send out a clear message: life is back to normal in China. …

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The Chinese e-commerce Alibaba Group has developed a unique model thanks to its holistic approach to services. It is now focusing its development strategy on globalizing its operations.

This column was previously published in L’Opinion, on 8th october

“We typically spend eight to ten years incubating, nurturing and growing a new business.” This was said not by the head of some American private equity fund but by Daniel Zhang, president of Alibaba, in reference to his group’s cloud and logistics businesses which have just managed to break even after being in operation for ten and eight years respectively.

This long-term…

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© Anthony Wallace_AFP

This column was previously published by L’Opinion, on July 22, 2020

It is difficult to associate the multiplicity of Hong Kong death notices that have been appearing in the Western press for the last two weeks with the usual hustle and bustle that can be seen in Kowloon’s Nathan Road on any Saturday afternoon. The fact is that Hong Kong has partly abandoned its political freedom in order to better maintain its economic freedom. This is a compromise that the West finds unacceptable, but which is necessary in the eyes of the Hong Kong business community.

There is a clear…

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©Eleanor Shakespeare for The Guardian

This column was previously published in L’Opinion on 12th June 2020

China was the FIFO (First In, First Out) country in the Covid-19 crisis and now it wants to perceive it as an accelerator of certain trends, rather than as a disruption as the West perceives it as being. It is committed to finding the way back to growth by a new phase in the digital revolution that will change the way of life in China — for the state, for businesses and for individual citizens.

Firstly, China is convinced that the countries that have best kept the virus under…

David Baverez

Business angel / demon. Based in Hong Kong since 2011. Columnist, author of “Paris-PekinExpress”, “Beijing Express” and “Génération Tonique”.

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