Caixin

Delivery workers drive their tricycles along a street in Beijing, China, on 5 January 2022. (Wang Zhao/AFP)

Plight of China's new generation of young migrant workers highlights pitfalls of labour reforms

Over the past three decades, China has implemented and revised its labour regulations in an effort to progress its market economy. Despite the strengthening of labour protection, young migrant workers have fallen through the cracks. Chinese economics professor Li Jingkui believes that the labour reforms have led to the social phenomenon of “Sanhe legends” — youths who are caught in an employment cycle characterised by poor working conditions, low wages and a lack of stability.
A logo of Tencent is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, 23 November 2020. (Aly Song/File Photo/Reuters)

Tencent struggles to grow amid crackdowns and competition

Hit by China's regulatory crackdowns, increased competition and slowing growth, Chinese internet titan Tencent had a tough 2021. The company has had to restructure and expand its international revenue streams, and it is now faced with tough layoffs. How is it staying relevant in the tech game, and does this mean that "winter is coming" for the internet giant?
Pedestrians along the near-empty Nanjing Road shopping street outside of the impacted areas during a lockdown due to Covid-19 in Shanghai, China, on 31 March 2022. (Qilai Shen/Bloomberg)

China gears up for grimmer economic outlook

China is currently dealing with its worst Covid outbreak since the start of the pandemic in 2020. It is aso facing the "triple pressures" of shrinking demand, disrupted supply and weakening expectations. The central government has introduced new policies and measures such as tax cuts for businesses, the easing of property market restrictions, and providing support for local governments' infrastructure investment, but analysts are expecting a bumpy road ahead for China's economic growth.
Fishing boats docked at a fishing port in Qiaogangzhen, Beihai, Guangxi, China, 20 March 2022. (CNS)

The growing difficulty of balancing China’s local government budgets

Despite many Chinese provincial-level regions reporting higher-than-expected revenues in 2021, some lower-level governments struggled with budgetary constraints. A gloomier budget outlook this year could add to woes all round and hurt local governments' capacity to finance investments and repay debts.
Motorists refill their vehicles with petrol at a gas station in Phnom Penh, Cambodia, on 3 March 2022. (Tang Chhin Sothy/AFP)

Kidnapped and abducted, Chinese nationals are falling victim to cross-border crimes in Cambodia

The case of Li Yayuanlun, a Chinese national who was kidnapped and forced to work as a “blood slave” by a gang of online scammers in Cambodia, sent shock waves through China. While the Cambodian police have questioned the veracity of Li's story, this incident nonetheless reflects the transnational illegal activities and violent crimes involving Chinese nationals in Cambodia.
Children play with an ice sculpture of three astronauts in Harbin, Heilongjiang province, China, on 28 December 2021. (AFP)

Why extended maternity leave will not encourage childbirth in China

Li Jingkui explains that having children is very much an economic decision with hard choices involved, particularly for women. Research has shown that women’s chances of gaining employment after bearing their first child fall by 6.6%, and by another 9.3% after the second child. The government believes that an extended maternity leave policy will aid women and increase the nation’s fertility rate, but the reality may be much to the contrary.
This photo taken on 15 November 2021 shows solar panels on hillsides at Xuanhua in Zhangjiakou, Hebei province, China. (Greg Baker/AFP)

Why China’s once red-hot solar sector is cooling

Over the past year, capital from industries such as liquor, finance, real estate and the internet has been pouring into the new energy sector, driving up the valuations of solar energy stocks in China. However, the industry looks set to come back down to earth. Why is this so?
People check a display near a Huawei logo during a media day for the Auto Shanghai show in Shanghai, China, 19 April 2021. (Aly Song/Reuters)

Huawei: China's Tesla challenger in the making?

Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.
People ride bicycles along the promenade at Marina Bay in Singapore on 21 December 2021. (Roslan Rahman/AFP)

Singapore, Hong Kong vie for wallets of rich Chinese in tech sector

The battle is heating up as Hong Kong and Singapore both vie for the wallets of rich Chinese in the tech sector. With the idea of family offices gaining popularity in recent years, will Hong Kong or Singapore have the edge over the other?