How can one encourage a society where people do things that benefit not just themselves but also others? How can we eliminate bad behaviours and encourage better ones by institutionalising various means of rewarding good behaviour? Chinese economics professor Li Jingkui looks at examples from Chinese modern life and history to find the answers.
Internet giants in China have been engaging in monopolistic practices that hurt the development of small- and medium-sized enterprises, says technology specialist Yin Ruizhi. As such, these practices will be dealt with by the government if the platforms themselves do not find ways to resolve them. Is this another move towards "common prosperity"?
With the Chinese government’s recent big crackdown on the education sector, some people are concerned that other internet platforms such as Alibaba and Meituan might be next. Technology specialist Yin Ruizhi explains why it is unlikely that Chinese internet titans will be hit as hard.
After observing, learning about and experimenting with selected components of capitalism, China is now ready to govern the market in its own style, to create the society of a new socialist regulatory state while bolstering support for the government. Lance Gore says it holds true, whether in China's history or the imagined fairer future society, that Chinese merchants and capital must see their contributions through the larger lens of society and the nation. That is, the capital market must serve the real economy and develop the productive strength of the nation. Creating the socialist regulatory state is like doing a "delicate dance", and as a new creation, there would be chances of missteps and even mishaps.
China’s youth today are turning to Mao Zedong for inspiration amid a crushing sense of social immobility and injustice. But Wang Qingmin recalls the Mao era to be one of violent political struggles, anti-intellectualism, and cult of personality. Is a return to Mao really the answer?
A recent case of sexual assault involving an Alibaba employee has once again turned the spotlight on the business drinking culture in China. Zaobao’s China Desk looks into the prevalent issue that does not seem likely to change anytime soon.
Dr Kai-Fu Lee recently spoke at a summit reviewing the development of artificial intelligence. He gave five predictions about the industrial changes that would be brought about by the combination of artificial intelligence and other new technologies. Lee feels these changes would allow China to lead the world in science and technology in the next 20 years or so. This is the edited version of his speech.
In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. While Huawei has been fiercely climbing the ranks with the injection of talent and funding, Alibaba and Tencent are not resting on their laurels either. What could be their winning war chests? And are they ready to take on the world? Caixin journalist Zhang Erchi finds out.
Leaked data from one platform company may not pose a major national security threat, but data from multiple platforms combined might, warns technology specialist Yin Ruizhi. As countries become more wary of internet security risks, it will be increasingly difficult for platform companies to get listed overseas. What is the alternative then?