The China-US trade war looks set to continue under the new Biden administration, says economics professor Zhu Ying. Whether in terms of preventing technology transfer that could have military applications or seeking to enforce "structural changes” in China’s economy for fairer competition, the US will seek leverage through the trade war. Are we heading for a stalemate if the US wants to see a China that is playing by global rules, but the Chinese insist on pursuing an economic model with Chinese characteristics?
It was probably a matter of time before online entrepreneurs found a way to meet the perennial demand for love and marriage in China — through livestream matchmaking. From the looks of it, it is a match made in heaven. Over the past two years, scores of people, particularly in smaller cities and towns, have used “cloud dating” mobile live-streaming apps to chat with prospective matches in real time. Seeing opportunity, various platforms like Alibaba, Tencent, Momo, Huya TV, Inke, and Huajiao have entered the fray. Covid-19 has made it even more common to seek out remote means of having one’s head in the clouds, basking in the novelty of new love. Zaobao journalist Zeng Shi has the details.
Japanese academic Masaaki Yatsuzuka examines the PLA's latest efforts to move towards smart technology and smart warfare, and what this might mean for China and other countries.
The meeting of the Politburo of the Chinese Communist Party last week in preparation for the annual Central Economic Work Conference gave a clear indication of China’s economic direction: it is going full steam ahead on shaping a dual circulation economy driven predominantly by domestic demand. In seeking to implement demand-side reforms, deep-seated social issues and monopolistic tendencies will be addressed.
Yin Ruizhi points out that China’s AI industry was able to scale up so quickly thanks to an army of rural folk ready to do the laborious yet essential task of data annotation.
Wang Yanbo picks apart news of Baidu’s alleged plans to raise up to $2 billion over three years to invest in a biotech start-up, which would use AI technology to develop drugs and help diagnose diseases. Is this yet another example of business giants flailing into unchartered territory to seek new growth? Wasn’t China’s multi-billion dollar search market Baidu’s to harvest once Google ceased its Chinese operations in 2010 amid cyberattacks and censorship issues?
Statistics show that approximately 100,000 China youths die of suicide every year. In times of coronavirus, the risk of people having suicidal thoughts and possibly acting on them has also increased. Help comes in the form of “suicide interventionists” from China's e-commerce platforms. As online shopping becomes more prevalent, these portals are fast becoming the front lines of shopping for self-harm. Zaobao journalist Zeng Shi looks at how e-commerce companies are taking a proactive role in suicide prevention.
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?
In the post-Covid-19 world, global supply chains are expected to be reconfigured as countries look to reduce their reliance on China. Enter greater room for ASEAN-China cooperation, particularly in areas related to the digital economy, such as in the development of smart cities. Associate Professor Gu Qingyang of the Lee Kuan Yew School of Public Policy (LKYSPP) sets out the arguments.