This column was previously published in L’Opinion on december 9th 2022 The U-turn with regard to the zero Covid policy is no answer to the real question over the plan that Xi Jinping intends to propose to his people for the next decade. It has only taken a few weeks to see why the Communist Party granted full powers to President XI during the 22th Party Congress. With four crises that China has to face — in the fields of public health…

This column was previously published in L’Opinion on november 16th 2022 The 1930s taught us — with Mussolini, Hitler and Pétain — that only extremely weak countries officially grant full powers to one single man. Is present-day China an exception to this? The surprise that has come at the beginning of President Xi’s third term of office is the end of the balance of power that prevailed for the last 40 years between the Shanghai clan and the League of Communist…

This column was previously published in L’Opinion on october 25th 2022 Public health, real estate and demographic crises have all come at the same time and are forcing those in power to use nationalism as a weapon, with all the risks that that entails. As often happens in China, the most instructive part of any lengthy speech is what is left unsaid. President Xi kept to this tradition at the opening of the 20th Congress, by omitting to mention the three main concerns…

This colum was previously published in L’Express on october 13th 2022 Xi Jinping’s third mandate will at least be in line with one particular Chinese tradition: China’s excessive love of paradox. China’s recent history has accustomed us to contradictions. The new five-year mandate is no exception and promises to be an explosive mixture of increased control internally and disruptive chaos externally.

This column was previously published in L’Express on 15th september In the highly uncertain world that may soon be upon us, Western managers would do well to learn from their Chinese counterparts with their ability to adapt and their speed of implementation. An industrialist from a CAC40 company told me that, during the first quarter of 2022, he had seen…

This column was first published in L’Opinion on 31st august 2022. The visit of the Speaker of the United States House of Representatives has been a mistake for three reasons and, instead of doing a disservice to the Chinese authorities, has simply played into their hands. The worst that can…

This column was previously published in L’Express on 18th august, 2022 Some people in China are refusing to pay back their mortgage loans, thereby aggravating the crisis that is threatening the economic recovery. “Housing is for people to live in, not for speculation.” This principle, prescribed once again by the Chinese government, is giving Chinese savers front row seats when it comes to the real estate crisis. This crisis grew out of…

This column was previously published in L’Express on 13th July 2022 It’s good news that economic activity is starting up again in China. But this doesn’t go very far towards solving all of Beijing’s problems. Give credit where credit’s due! Shanghai’s shops have reopened and business activity has started up again, blowing a breath of fresh air into the Chinese economy. And the world economy should be delighted to be able to benefit from…

This column was previously published in L’Express on 16th June 2022 Up against logistical hindrances and the need to take a new look at supply circuits, Beijing finds itself in a strong position. “We’ve gone from a demand crisis to a supply crisis,” said Olivier Andriès, the managing director of…