Industrial policy

Japan’s farming industry occupies a special position in the country’s political, economic and social development. Although farmers are few in number, they wield a strong influence. As a result, a protected farming ecosystem exists in Japan, which has enabled the country to make great strides in organic farming and reducing carbon emissions. The country has also been adept at leveraging its overseas industrial outposts to support its domestic farming sector. What can China learn from Japan’s experience?

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.

While China has soared ahead in other areas such as expressway construction and port development, it lags behind heavyweights like the US in railway development. A fundamental cause is relying on the government as its single investment channel. Plugging its railway gaps, literally and figuratively, would give China’s economic development a decided boost.

At last year’s WEF, Prince Charles and other leaders proposed the “Great Reset” — a global effort to rebuild the global economic structure. However, as appealing as this may sound, Hong Kong commentator Chip Tsao points out that the current slate of world leaders and international organisations are probably unable to rein in private juggernauts and get a handle on the Chinese wild card.

News of young employees dying from overwork at major Chinese tech companies are not unheard of. Last December, a 22-year-old female employee at e-commerce giant Pinduoduo died after working long hours past midnight. China's intense efforts at increasing national competences in new and advanced technologies have seen it moving up the value chain from a low-cost manufacturer to an innovator in science and technology. But is the “996 culture” of working from 9 am to 9 pm, six days a week, feasible and sustainable?

In anticipation of China’s 14th Five-Year Plan kicking in next year, commentator David Ng examines how the proposals will affect the direction of China’s economic growth, as well as China-US competition, and in turn shift the global order.

Chinese financial commentator Tan Haojun looks at what China has done right to quickly recover after the pandemic, and what makes international financial institutions and analysts confident about its economy.

Even back in the Qing dynasty, the concept of “state-owned enterprises” was not a foreign one. The Qing government had the habit of maintaining monopolies by running their own enterprises or looking out for profitable industries and private companies, and taking control of them. Hong Kong commentator Chip Tsao notes that even grabbing profits could not prevent the fall of the Qing dynasty.

With the coronavirus affecting businesses and production industries worldwide, Zaobao correspondent Yang Danxu finds out how companies and factories in China are ensuring that workers stay healthy and virus-free.