Economy

Hong Kong films have been doing well in the second half of this year, with several films among the top in box office takings. Zaobao journalist Tai Hing Shing looks at the factors behind this strong showing, including government funding, cast appeal, pent-up demand due to the pandemic, and possibly an indirect way for people to express their political wants.

China has more than 170 million sandwich-generation families. While the sandwich generation grew up in the 80s as "little emperors", they are feeling the strain now with the double pressure of looking after their children and the elderly. Most of them focus on "children first", but if a married couple’s parents live in two different cities, that makes it even harder to care for all four parents at the same time.

While the UK’s China policy would largely be business as usual with new Conservative Prime Minister Liz Truss at the helm, China may be in for a tougher time where it counts as the UK finds a renewed opportunity to influence European partners to work in concert with the US against China.

Zaobao correspondent Yu Zeyuan analyses the outcomes of the Shanghai Cooperation Organisation (SCO) summit held in Uzbekistan and the implications of China’s perceived stronger courting of the Central Asia region.

Recent news of a large-scale housing project acquisition by a state-owned enterprise (SOE) has gained widespread attention. While some are welcoming the government’s efforts to revive the sluggish property market, others are wary of profiteering and corruption opportunities. Zaobao correspondent Chen Jing takes a look at the implications of the SOE’s move and whether China’s property market will finally look up.

The belief that immigrants would ruin the employment market is unfounded, says economics professor Li Jingkui. With bold and ambitious entrepreneurial spirits, immigrants are more likely to be “job creators”, rather than “job takers”, while the resulting increase in demand for goods and services even supports economic growth.

Academic Naoise McDonagh asserts that a key question posed by China’s rise is whether the liberal international order can remain rules-based, when its second largest member is a socialist market economy operating on different rules that it increasingly seeks to apply externally.

While there are risks involved in pursuing deeper cooperation with Taiwan beyond trade and economics, ASEAN should not shy away from exploring possibilities even while abiding by the "one China" policy. This is where greater trade cooperation and city-to-city linkages could come in.

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.