Shanghai

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.

In 2021, more Chinese families became either rich or richer, with Guangdong overtaking Beijing as the region with the most high-net-worth families in the country. These high-net-worth households largely made up of entrepreneurs, real estate investors and professional financial investors, are expected to transfer an estimated 18 trillion RMB of wealth to the next generation over the next decade.

China’s stock markets rose following an unverified tweet on 1 November claiming China might ease its zero-Covid policy. However, signals from state media and various local governments suggest otherwise and the market rally has died down as well. Zaobao correspondent Edwin Ong examines the clues and analyses what might happen next.

Amid the difficult environment of unceasing Covid-19 restrictions, geopolitical tensions and grim economic and employment outlook, Chinese students are caught between a rock and a hard place when it comes to their higher education. College and visa applications, taking online classes and returning to China to seek employment are proving to be one hurdle after another for the new generation. How will they cope?

Zaobao correspondent Chen Jing notes that market confidence is still shaken after the 20th Party Congress, and there is little clarity on how the new team will realise China’s hopes of achieving high-quality development while zero-Covid measures remain in place.