With the rise of e-commerce, traditional department stores are having a hard time attracting customers, especially following three years of the pandemic. While some stores have managed to re-style themselves to tap into the younger generation, others have struggled to move past the fashion of 20 or 30 years ago and are closing their doors as a result.
While the latest economic data from China show encouraging GDP growth, taken in context, many provinces are actually seeing slower growth as compared with the first quarter of this year. Lianhe Zaobao journalist Li Kang examines the figures and speaks to economists to find out more.
Population figures are going down in China's major cities, not only in Beijing and Shanghai, but also in Shenzhen and Guangzhou. This trend is not only due to higher costs of living, but deeper concerns that prevent economies from finding a certain equilibrium after headwinds. Economist Li Jingkui explains.
China’s property market has been in the doldrums, and prices have been falling, not least in Shanghai. And as prices in Shanghai fall, so will prices in other Chinese cities. Zaobao correspondent Chen Jing looks at the impact of property market movements on the overall Chinese economy.
Chinese academic Chen Bo explains Shanghai’s continued allure for international investors, despite the economic impact of last year’s pandemic restrictions and lockdowns.
Chiang Hsun ruminates on a myriad of ingredients, marvelling most at the eight vegetable ‘aquatic immortals’ in Chinese cuisine, which showcase the pure and delicious flavours of the season. Best of all, he enjoyed the heavenly dishes during autumn, in a little Shanghai restaurant that feels like home.
After three years of stringent Covid-19 measures, Shanghai is on its road to economic recovery. While the impact of the pandemic was severe, Shanghai officials are making efforts to bring back and reassure foreign enterprises of a conducive business environment. Zaobao correspondent Chen Jing looks at the steps taken by the officials and how effective they are.
Taiwanese academic Wen-Hsuan Tsai notes that while the late former Chinese President Jiang Zemin had pushed forward economic development during his tenure, he had neglected political reform, and in so doing, possibly paved the way for ever greater centralised rule in China.
UOB Asset Management (UOBAM)’s Ping An ChiNext Exchange-Traded Fund (ETF) offers investors in Singapore access to long-term opportunities in the Chinese market. The recently launched ETF invests in a wide range of fast-growing and innovative companies across multiple sectors, helping investors build a portfolio that could benefit from the structural tailwinds ahead. UOBAM explains why this is the right time to invest in China and the UOBAM Ping An ChiNext ETF.