CHINA DIGEST 18/02

Is your team solving the right problems and building the right solutions? Are they truly pushing the envelope - in the short- and long-term? This compilation episode shares the questions top innovators ask themselves and their teams, across engineering, biotech, healthcare and more. It also highlights the practical tactics and strategies they use to keep teams challenged, focused and engaged so they are poised to develop the leading ideas that will truly reshape the future.&nbsp;

This episode features: Cristiano Amon, CEO, Qualcomm; Shez Partovi, Chief Innovation and Strategy Officer, Royal Philips; Geraldine Matchett, co-CEO and CFO, Royal DSM; Ponsi Trivisvavet, CEO Inari; Rodrigo Santos, president, Crop Science Division, Bayer Crop Science; Lars Stenqvist, Volvo Group; Alex Liu, Managing Partner, Kearney.


7 top innovators share strategies that drive cutting edge solutions

Increasing the use of property and income taxes in the People’s Republic of China won’t be popular, but it is necessary. Relying more on property and income tax will not only help the China government balance its budget but could smooth income inequality and limit unrestrained urban expansion.

As countries develop, they tend to keep balance between indirect taxes such as a levy on goods and services and direct taxes on incomes and property. That allows the government to use tax policy to meet social or fiscal goals while raising money to invest in a social safety net.

In China, direct taxes account for a much smaller percentage of total tax revenue than in member countries of the Organisation for Economic Co-operation and Development. In 2014, China raised 9.5% of its revenue through direct taxes, compared with 20.3% on average in OECD countries.

Read the transcript
https://bit.ly/2E6FSHU

Read the report
https://www.adb.org/publications/tax-and-development-challenges-in-asia-pacific

Read the chapter
https://bit.ly/2BNcR2h

About the authors
Jürgen Conrad headed the Asian Development Bank’s economics team in Beijing at the time this paper was written.
Jian Zhuang is an economist at ADB’s Resident Mission in Beijing.

Know more about ADBI’s work
https://bit.ly/2DswkGU
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Asia's Developing Future

People’s Republic of China needs to step up property and income tax reforms

While Chinese notions of an ideal society can be traced back more than two millennia to Confucius, it’s the Chinese Communist Party that claims it’s taking China on the path to a utopia. China historians Dr Craig Smith and Dr Matt Galway discuss the rhetoric and reality behind the CCP’s quest for the perfect society. Presented by Ali Moore.
An Asia Institute podcast (https://arts.unimelb.edu.au/asia-institute/resources/ear-to-asia) 
Produced by profactual.com (http://www.profactual.com)
Music by audionautix.com

Ear to Asia podcast

China's long march to a utopian society

This episode explores the relationship between China and the current postwar international order, drawing from the RAND Corporation’s May 2018 report titled China and the International Order. Our guest and the report’s co-author, Mr. Timothy Heath, analyzes China’s perceived challenges to the current order, including the development of multilateral institutions like the Asian Infrastructure Investment Bank and Shanghai Cooperation Organization, as well as policies like the Belt and Road Initiative. He also details policy recommendations for US strategy toward China and how China’s approach to the international order may evolve in the future.

Mr. Timothy Heath is a senior international defense research analyst at the RAND Corporation in Washington DC. Prior to joining RAND, he served as the senior analyst for the USPACOM China Strategic Focus Group for five years. He has extensive experience analyzing China's national strategy, politics, ideology, and military, as well as Asian regional security developments.

China’s Relationship with the International Order: A Conversation with Timothy Heath

Next-generation mobile networks promise lower latency and higher speeds. Whether telcos can capture the value is less clear.

Who wins in a 5G world?

ADBI is the think tank of the Asian Development Bank. We conduct policy research and capacity building to drive sustainable development in Asia and the Pacific.

Consultant at Carnegie Moscow Center | Ex Young Ambassador at Carnegie-Tsinghua Center, Moscow State Institute of International Relations (MGIMO) and Russian Presidential Academy (RANEPA) graduate

People’s Republic of China needs to step up property and income tax reforms

Asia's Developing Future

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