Cooperatives that used to manage agricultural and other daily resources in China faded away during China's reform and opening up, but recently, they were highlighted again by the state media and promoted in various regions. Chinese people are concerned if this means that the government is going to further tighten its grip on the economy or that China is preparing for the likelihood of containment and even war?
Economy
Economy
This week’s Global Financial Leaders' Investment Summit in Hong Kong was an effort by the Hong Kong government to restore its position as a financial hub, which has been somewhat weakened due to China’s pandemic measures and other global responses. But despite John Lee’s optimistic address at the summit, the actual situation appears to be less than rosy, with several adopting a wait-and-see attitude.
Society
An outbreak at Foxconn factory in Zhengzhou, Henan province adds to the latest spate of Covid-19 cases in China. Prior to the lockdown of the factory area, many workers were seen “escaping” on foot. Amid the wave of criticism from the Chinese public, the incident has revealed flaws in the management at the factory as well as the lack of transparency from the government.
Economy
As energy prices soar in Europe, the continent has been turning to China to get it through the approaching winter, from purchasing electric blankets and thermal stockings to importing natural gas. Zaobao’s China Desk explores the geopolitical factors involved and how Europe is both dependent on China and resistant to this dependence.
Technology
China’s semiconductor industry has been dealt with multiple hurdles in the past year, with the latest roadblock coming from the US’s ban on chip export to China in October. Manufacturers, executives and technical experts now face the difficult decision of staying in this growing sector in China or in the US. Will China find a way around this new restriction?
Society
Amid the difficult environment of unceasing Covid-19 restrictions, geopolitical tensions and grim economic and employment outlook, Chinese students are caught between a rock and a hard place when it comes to their higher education. College and visa applications, taking online classes and returning to China to seek employment are proving to be one hurdle after another for the new generation. How will they cope?
Society
Some outfits at a showcase of Li-Ning’s Fall/Winter collection said to resemble uniforms worn by the Japanese military during their invasion of China have sparked a wave of controversy, and this is made worse by the fact that a member of Li-Ning’s senior management is Japanese-Chinese. Are the Chinese netizens too sensitive or is Li-Ning too insensitive?
Society
Tesla CEO Elon Musk drew widespread criticism for his comment on establishing Taiwan as a special administrative zone. While Musk raised his suggestions based on his own commercial interests, the controversial statement shows the impact of the Taiwan Strait issue for the business world. Is there a time and place for businessmen to tread on geopolitical issues?
Society
China recently announced that its space exploration programme will recruit payload specialists from Hong Kong and Macau, sparking excitement for the people of Hong Kong. While the announcement is a recognition of the special administrative region’s R&D capabilities, some believe that it is an effort to win over the people of Hong Kong and boost their sense of belonging and patriotism. Lianhe Zaobao’s China Desk takes a look at what this opportunity means for Hong Kong.