According to a report by Morgan Stanley released in August, China is facing the triple challenge of mounting debt, an ageing workforce and deflation, raising concern that the country is heading for a fate similar to Japan’s in the 1990s. Could Japan’s experience offer lessons to Chinese policymakers about how to battle prolonged stagnation?
China’s internet content industry has finally cultivated its first group of paying customers following years of heavy spending and heated competition. Maintaining momentum, however, will be a tall order.
China has been Latin America’s second largest trading partner since 2012, and last year total bilateral trade reached a record high of US$486 billion. Against the backdrop of the ongoing friction between Beijing and Washington, and the latter’s push for nearshore trade, Mexico has been the biggest beneficiary.
China’s tech sector has been making mass layoffs, freezing hiring and cutting pay since 2022, and there is little sign of a bounce-back. Cost reductions, efficiency enhancement or talent structure optimisation are often the words these companies use. But what is really weighing on the job market are sluggish business growth, intensified market competition and the unprecedented challenges of the business landscape amid new technology.
More than 1.2 million Chinese studying overseas are expected to return home this year, but the hunt for a job this year could be tougher than in past years for these overseas graduates. In the countries where they studied, Chinese graduates are also finding it hard to secure a job. With global economic growth slowing and unemployment rising, some countries have accelerated the pace of stabilising their job markets this year, including tightening visa rules.
To maintain Huawei’s consumer products sales channels, Richard Yu, chairman of Huawei’s smart car unit, created Huawei Smart Selection model to partner with automakers to make cars and sell them at nearly 60,000 Huawei phone stores across the country. But the Smart Selection model is not without variables and risks from its partners. Caixin Global journalists tell us more.
China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.