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.
As Shanghai battles with its worst Covid-19 outbreak, stringent anti-epidemic measures confining almost everyone at home have ground the city to a halt. It is believed that if Shanghai is not able to resume production by May, industries with supply chains in the area will not be able to function, and the automotive industry will be hit the hardest.
Zaobao correspondent Yu Zeyuan feels that the Beijing Winter Olympics has turned out much better than what was initially expected. Despite diplomatic boycotts by some Western countries and political bickering about China's human rights issues, the Chinese are more than pleased with the event. Not only did China give its best-ever showing at a Winter Olympics, it also pulled off a decent event despite the pandemic, and has generated great interest in winter sports among the Chinese public.
Over the past year, capital from industries such as liquor, finance, real estate and the internet has been pouring into the new energy sector, driving up the valuations of solar energy stocks in China. However, the industry looks set to come back down to earth. Why is this so?
Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.
Analysts predict that China will overtake the US as the world’s leading economy in the next decade, but external military conflicts and internal struggles could thwart the Asian giant's ambitions. Political commentator Zhou Nongjian has the details.
The Hengqin Plan and Qianhai Plan released by the Chinese central government aim to deepen economic cooperation and promote cross-border integration within the Guangdong-Hong Kong-Macau Greater Bay Area (GBA). The Plans will involve greater integration of Hong Kong and Macau with the mainland. While Macau has always embraced this trajectory and the Hengqin Plan could bring greater dynamism to the SAR, Hong Kong’s fears of “mainlandisation” and the territorial instincts of mainland cities may present some obstacles to the Qianhai Plan. EAI academic Yu Hong tells us more.
The global chip shortage throughout 2021 prompted many tech companies to rely more on themselves. Coupled with the rise of artificial intelligence, demand for high-capacity chips has increased with tech companies and device makers racing to deliver smarter services and products. But the global semiconductor industry is also getting increasingly crowded, as more and more newcomers seek to gain a foothold in advanced chips to power new technologies.
In the face of some turbulence in China’s economic indicators lately, academic Xu Le looks at certain bright spots amid falling aggregate demand and aggregate supply for a realistic gauge of China’s economic prospects in the coming months.