Alice Han and James Kynge discuss three major developments in China: the accelerating space race with the US, a $2 trillion generational wealth transfer without inheritance tax, and the spread of AI automation into dim sum kitchens, with regulators potentially setting a global governance standard.
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Highlights
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China's Rapid Space Advance
Alice Han and James Kynge explain how China is rapidly closing the space race gap with record-breaking launches and ambitious moon missions, raising concerns in Washington.
$2 Trillion Generational Wealth Transfer Without Inheritance Tax
A massive $2 trillion wealth transfer is underway in China with no inheritance tax, potentially worsening inequality and challenging the government's 'common prosperity' goals.