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China’s Services Sector Openings in Tianjin, Shanghai, Hainan, and Chongqing May 10, 2021 Posted by China Briefing Written by Zoey Zhang Reading Time: 5 minutes On April 20, 2021, the State Council, China’s Cabinet, released the Guo Han [2021] No.37, approving comprehensive pilot programs on opening the service sector in Tianjin, Shanghai, Chongqing municipalities, and Hainan province. This document expands the pilot program on China’s service sector opening – six years since Beijing became the first and only pilot city in Ch...

China: WeiyangX Fintech Review Insurtech Firm Waterdrop Starts Trading on New York Stock Exchange  On May 7 th, Waterdrop Inc., China’s leading insurance and healthcare service technology platform, went public on New York Stock Exchange. Founded in 2016, Waterdrop has built an online insurance marketplace (“Shuidibao”) and a medical crowdfunding platform (“Shuidichou”). In the future, Waterdrop intends to increase investment in data analysis & technical infrastructure and expand to healthcare and pharmaceutical service, building an ecosystem of “insurance + healthcare”. Waterdr...

China Daily, May 10, 2021. Cheng Enfu is a principal professor at the University of the Chinese Academy of Social Sciences, director of the Research Center for Economic and Social Development at the Chinese Academy of Social Sciences, and president of the World Association for Political Economy. He can be reached at 65344718[at]vip.163.com. Lu Baolin is a professor at the School of Economics, Qufu Normal University. Neoimperialism is the specific contemporary phase of historical development that features the economic globalization and financialization of monopoly capitalism. The characteristi...