Amid the difficulties in analysing and forecasting macroeconomic conditions, economist Chen Kang likens their changes to a unique game of tug of war between the bulls and the bears — in which economic reforms, policies and outcomes are interpreted differently among the players, and the current outcome encapsulates the people’s aggregate response. However, the big question is whether China will press on with economic reforms despite all the challenges. This is the third in a five-part series of articles on the future of China.
Zaobao correspondent Yang Danxu notes that China is facing multiple headwinds that are making its economic recovery all the more elusive. From dealing with incessant Covid-19 outbreaks to the real estate crisis, economic recovery has become a dire political issue, especially with the impending 20th Party Congress to be held later this year.
Discrimination against those who have had Covid-19 doesn’t only happen among neighbours and friends, but at the workplace and between localities too, says Zaobao correspondent Chen Jing. This discrimination is based on irrational fear and stems from China’s tight zero-Covid measures.
While China’s market-based socialism with Chinese characteristics has lifted many out of poverty, creating the Chinese miracle, the ills of abiding by the “laws of the market” should be tackled and reined in. In the ever-evolving model of new socialism, a mechanism needs to be established that can raise and maintain a good standard of living in the absence of economic growth. This is so that people can transcend the pursuit of the material and live their lives with meaning and purpose.
In pursuit of better working conditions, China's post-00s generation has gained a reputation for being newbies who are difficult to manage and who show their superiors little respect. While those who go to extremes may be in the minority and some admire their brave fight for workplace rights, ultimately, they may be putting their job prospects in jeopardy.
The Tangshan assault case unearths deeper societal issues such as an insidious guanxi culture that has condoned the practice of turning a blind eye. Worse, ordinary folk no longer even bat an eyelid at such “norms” anymore. When that happens, is the recent violence enough to jolt society and the authorities to do things differently?
Tesla CEO Elon Musk has sent a warning to his staff: come back to the office or leave Tesla. Even as more companies are accepting remote and flexible working arrangements, is Musk merely putting into words what many bosses have not said? Zaobao’s China Desk looks at whether the days of working from the office are really numbered.
Despite a record number of graduates entering the job market this year, China is seeing a shortage of skilled tradesmen, especially for the manufacturing industry. Chinese economics professor Li Jingkui believes that the main reason for the talent demand gap is China’s education system, which is driven by remnants of the backward ideology of the ancient feudal society.
With over ten million Chinese university students set to graduate this year, the competition for jobs will be more intense than ever, and it does not help that certain sectors are scaling back recruitments for various reasons. Can the potential mismatch of jobs and skills be rectified? And will the impact of youth employment difficulties spill over to other areas?