Shenzhen has grown rapidly over the past 40 years, such that its GDP reached a massive 2.7 trillion RMB in 2019. Just this month, the Chinese government released a five-year plan to make Shenzhen a “pilot demonstration area for socialism with Chinese characteristics”. Amid plans for reforms and new initiatives, EAI academic Yu Hong asks: How much autonomy will Shenzhen have, and what challenges will it face?
Media commentator Cai Enze frowns on the beggar-thy-neighbour approach of improving one’s business at a rival’s expense. In his view, big names in China’s internet market — Baidu, Alibaba, Tencent, and JD.com (known as BATJ) — should practise more openness and cooperation rather than rivalry and mutual blocks.
Criticisms have been levelled at the Palace Museum’s heavy use of the institution’s cultural capital for commercial gains. Museum officials rationalise that government funding alone is not enough to keep them going; tasteful product lines and festive promotions are just some of their means of survival.