Chinese policy makers are increasingly worried that the country’s rise could be stymied by the same demographic factors that bedevil Japan, which has become the poster child for an aging society.

Following an announcement by China that it would phase out sales of new internal combustion engine cars by 2035, the promise of fast growth in electric vehicles and batteries has sent stocks soaring.

China led the world into the pandemic and its economy is leading the way out. This should be a time for Beijing to effortlessly extend its soft power. So why hasn’t China’s push to win friends and influence people paid dividends? By Asia Business Council Executive Director Mark Clifford.

The year 2020 will be remembered for the turbulence caused when a pandemic swept through the world, fundamentally changing people’s way of life, presenting unprecedented challenges to governments worldwide, and forcing businesses to reflect and adapt in order to survive. With this in mind, the Asia Business Council and the Tanoto Center for Asian Family …