The recent adjustment of China’s “Four Comprehensives” at the recent fifth plenary session of the 19th Central Committee of the CCP signals that China has gauged itself to have “achieved a moderately affluent society” and will be reaching for greater goals. Zaobao correspondent Yu Zeyuan reads the signs.
As China’s poverty alleviation efforts continue apace, Zaobao correspondent Edwin Ong visits a community deep in Sichuan’s Daliang mountains. He finds out more about how the Yi people, once mountain dwellers, are taking to their new lives after relocating to government-built flats. Here, residents need only pay a one-time security deposit of 10,000 RMB to stay in their apartments for a lifetime. They have access to modern facilities, jobs and even dividends from shares. Is this truly utopia on earth?
Lance Gore analyses that the knowledge economy offers great potential for bettering the lives of people. But capitalism may not be the best route to take. Power in the hands of a few, income gaps, job losses and wage cuts in the digital age bear this out. Can China offer a third way as it seeks to marry socialism with a market economy? The West is already considering some proposals with a socialist bent such as the Universal Basic Income (UBI). Surely, proponents of socialism can think of even more revolutionary ideas?
Following the recent China-India border clash, Hong Kong columnist Chip Tsao takes a look at both countries and muses that even as some viewpoints converge, different systems and different national characteristics produce very different fates.
Zheng Yongnian says China must not get ahead of itself. Recent statistics prove that 600 million people indeed earn a monthly income of just 1,000 RMB. China’s earlier reforms had led to equitable growth, but income disparity has increased with rapid economic development since it joined the WTO. As it stands, the bottom strata of Chinese society remain huge while China’s relatively small middle class continues to suffer in an inadequate social system. Rather than sweep these issues aside in a bid to glorify the country’s achievements but downplay its shortcomings, China must take a hard look at itself and focus on pursuing equitable growth.
Zaobao's Beijing correspondent Yang Danxu often marvels at the spending power of Chinese white-collar workers around her, and she too was surprised when Chinese Premier Li Keqiang remarked that China has 600 million people with a monthly income of 1,000 RMB. That is more than 40% of the Chinese population, and the figures portray a reality that is starkly different from common perception. Are Chinese people moving up the income ladder and are their lives becoming better as is the common refrain? Yang examines the facts.
Professor Zheng Yongnian recognises that the economic impact of the coronavirus will be deep. Beyond thinking about whether short-term cash payouts should be given, he mulls over measures that can see China through protracted headwinds. Key is the political will needed to move the country’s strategies away from GDPism, or an obsession with GDP, to those of building social safeguards as the country strives to build a sustainable economy.
China’s efforts in alleviating poverty have worked well in Jiangsu, where there are apparently only 17 people left living in poverty. However, there is scepticism on the figures, as well as examples of how poverty alleviation efforts have not worked. Zaobao associate editor Han Yong Hong looks at how China can do better.
There are 225 million rural internet users and over 9.8 million e-businesses in China’s rural areas. With internet sales for agricultural products standing at over 230 billion RMB, e-commerce seems like the perfect way to alleviate poverty in China. Edwin Ong speaks to village entrepreneurs to find out how e-commerce works, the many problems it faces, and its future.