With President Xi Jinping’s announcement of a new Beijing Stock Exchange, innovation-oriented SMEs will benefit and Beijing’s stock as a credible financial centre will also rise. Not only that, it is hoped that this will show China’s resolve to continue pursuing the market economy as it continues its push for “common prosperity”.
China's top infectious diseases expert Dr Zhang Wenhong was recently embroiled in an alleged academic fraud case but investigations have cleared his name later on. The investigation came after he put forward the view of "living with the virus", which is at odds with the official stance for achieving zero-Covid. Who protected Dr Zhang from punishment? Was it public opinion, the city of Shanghai or Dr Zhang's impeccable moral standards? Will this deter professionals from speaking the truth in the future?
The trend of single women buying property in China’s top-tier cities is on the rise. They do it for many reasons — as insurance for the future, to have more choices, or for good old investment. While it seems on the surface that they are gaining financial freedom and moving away from depending on marriage as a security blanket, it also means they are laden with housing loans or tied down by their parents who often foot the down payments or even the whole cost of the house. Are they swapping one handcuff for another?
While the Yangtze River Delta region comprising Shanghai and parts of Jiangsu, Zhejiang and Anhui has been seeing strong economic development, it could be more productive. Provinces with their own targets to meet have few incentives for regional integration, leaving the region as a whole less competitive. How can policies or market mechanisms be implemented to encourage more collaboration between local governments?
Around 400 to 500 million Chinese citizens are thought to enjoy a middle-class lifestyle today. They are an important political and economic force but their political outlook and worldviews are neither homogeneous nor clear-cut. Many of them share certain cosmopolitan values, but some among them are also those with the most strident nationalistic views. How will this key demographic influence China’s relations with the US and the world? Professor Li Cheng, author of Middle Class Shanghai: Reshaping US-China Engagement, tells us more.
Over a century, the city of Shanghai saw it all. Westerners fell in love with Republican Shanghai, where commerce and culture flourished; Japanese invaders advanced and retreated; communism and capitalism vied for a stage. Despite these ups and downs, Shanghai has maintained a demeanour and style unto itself. Historical photo collector Hsu Chung-mao traces Shanghai’s days of glamour and the front-row seat it had in war, revolution, and reform.
After ten years of living in Shanghai and seeing the rapid changes to the city, Egyptian-American architect Hisham Youssef takes us on a nostalgic and personal photographic tour of the lanes and neighborhoods that, until very recently, stood in the city he now calls home.
While the Chinese government has implemented cooling measures including reminding people that property is “not for speculation”, it seems that people are not taking it seriously and still believe that property is a guaranteed investment. Zaobao correspondent Chen Jing takes the temperature of the Chinese property market.
In December 2020, family and friends of Shanghai Book Co Ltd produced a commemorative book of the now-defunct bookstore. Founded in 1925, Shanghai Book Co Ltd played a pivotal role in shaping the consciousness of Chinese-speaking Singaporeans in the 1950s. It was a meeting point of ideas and voices, not only from greater China, but within Southeast Asia. In fact, it had helped to nurture the budding interest of Chinese-speaking young students in Malay language and culture. Teo Han Wue recounts how this bookshop in North Bridge Road, easily stereotyped as Chinese-centric, became instead an emblem of openness and cultural diversity.