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China’s wealth inheritors: Entrepreneurial, educated, less materialistic

Compared to other people’s difficulties in seeking funds at the beginning of startup, 62 percent of these inheritors received angel investments from the families firms

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China Europe International Business School (CEIBS) released a white paper to describe China’s second-generation inheritors of family business on Saturday.

Based on 521 questionnaires collected by the white paper, 44 percent of these inheritors are working for family firms, and expect to take over the family business; only 8 percent of them said they do not want to carry on their parents’ business.

Most of the inheritors have entrepreneurial zeal and are excited by the policies to encourage startups, and decided to show their abilities on enterprises operation and management, the white paper said.

Compared to other people’s difficulties in seeking funds at the beginning of startup, 62 percent of these inheritors received angel investments from the families firms.

Among all of respondents, 22 percent of them did not receive funds from the families firms; 16 percent of them said they have no plan to start their own business.

The inheritors have positive attitude to capital market. According to the white paper, half of these inheritors think their families firms should list on stock markets, and 9 percent of them do not support the idea.

Over 80 percent of the inheritors have good education background, with 49 percent having bachelor’s degree, 35 percent having…

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China

Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

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On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

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China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

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China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

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China

Mainland China is in no position to take Taiwan by force

Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.

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The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.

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