A week into the Tokyo Olympics and the Chinese internet is already a minefield of anti-Japan sentiments. Displeasure ranges from Japan’s win over China in the table-tennis mixed doubles to perceived slights against China. By playing the nationalism card, Chinese netizens are not doing China any favours in the run-up to next year’s Beijing Winter Olympics.
Positive attitudes towards the Chinese Communist Party among the young have been on the rise. China’s relative success in combating Covid-19 has further impressed Chinese youths. More of them are becoming party members and are proud to be called “red and expert”.
Zaobao correspondent Chen Jing notes that even as China and Russia extend their friendship treaty, their relationship could still fluctuate in the face of US-China tensions and the uneasy China-US-Russia strategic triangle.
The People’s Bank of China (PBOC)'s announcement that it will raise the reserve requirement ratio (RRR) for foreign currency deposits by 2% confirms that it will intervene decisively when necessary to prevent a sharp appreciation of the RMB. Too much is at stake: with raw materials in short supply, the RMB’s appreciation will not reduce imported inflation and may at the same time affect exporters.
As Chinese authorities take action against monopolistic behaviour and the “disorderly expansion of capital”, companies like Alibaba and founder Jack Ma are finding themselves falling out of favour not only with the authorities but with the public. The latest development is the name change for Hupan University, established by Ma, where the motivations of the institution have come under question. Zaobao correspondent Chen Jing looks at the issue.
Providing better support for families to play effective co-parenting roles is more likely to improve birth rates than sending women back to the kitchen, says Chen Jing.
The voting mechanism for elimination variety shows in China nowadays demands fans to put their money where their mouth is — pushing their favourites up the ranks with “support” that can be bought in cash. Clever marketing tactics by sponsors or a slippery slope bordering on exploitation?
Analysts have their doubts on whether the latest wave of patriotism-inspired consumerism following a boycott of foreign brands that had spurned Xinjiang cotton will last. Going by the rise of "guochao", the use of traditional Chinese motifs in modern designs, a young generation of Chinese digital natives seem prepared to put their money where their mouths are. However, can the quality and range of China-made goods satisfy the desires of the Chinese while competing internationally?
Huaxi Village was once known as the “richest village in China”, with stories of prosperity and luxury. But a recent video of people queuing in the rain to reclaim and cash out their investments seems to point to a very different reality. Zaobao correspondent Chen Jing finds out more.