Economy

A publicity poster for Warriors of Future. (Internet)

Hong Kongers are supporting Hong Kong films and making a political statement?

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.
This file photo taken on 2 August 2022 shows a woman pushing a trolley with twins along a street in Beijing, China. (Noel Celis/AFP)

China's 'little emperors' of the 1980s are now the most burdened generation

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.
New British Prime Minister Liz Truss walks outside Number 10 Downing Street, in London, Britain, 7 September 2022. (John Sibley/File Photo/Reuters)

UK-China policy under Liz Truss likely to align with US outlook

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.
China's President Xi Jinping, Russian President Vladimir Putin, Uzbek President Shavkat Mirziyoyev and other participants attend the Shanghai Cooperation Organisation (SCO) leaders' summit in Samarkand, Uzbekistan, on 16 September 2022. (Sergei Bobylyov/Sputnik/AFP)

China gains stronger foothold in Central Asian region

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.
Men work at a construction site of apartment buildings in Beijing, China, 15 July 2022. (Thomas Peter/Reuters)

Can SOEs' property buying spree save China's ailing property market?

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.
A man cheers to people marching through the streets of Miami, Florida, to commemorate last year's historic protests in Cuba on 11 July 2022. (Chandan Khanna/AFP)

Chinese economics professor: Immigrants do not take away your job

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.
A man walks along a street in Beijing on 31 August 2022. (Noel Celis/AFP)

China’s rise is changing the liberal trade order into a power game

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.
Cargo trucks work inside a container yard in Keelung, Taiwan, 7 January 2022. (Ann Wang/Reuters)

ASEAN and Taiwan: Cooperation opportunities amid diplomatic constraints

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.
Workers work at a demolition site, following the Covid-19 outbreak, in Shanghai, China, 9 September 2022. (Aly Song/Reuters)

[Future of China] China's economy now and in the future

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.