Regulations

Despite state media dispelling the misunderstanding that China’s zero-Covid policy would become a long-lasting basic national policy, Zaobao correspondent Wong Siew Fong notes that the Chinese people are still wary of how much longer the strict measures will persist, especially amid the sudden censorship of specific search terms related to the end of the pandemic on social media. Is there an end in sight for the strict anti-epidemic measures?

Recent news of a large-scale housing project acquisition by a state-owned enterprise (SOE) has gained widespread attention. While some are welcoming the government’s efforts to revive the sluggish property market, others are wary of profiteering and corruption opportunities. Zaobao correspondent Chen Jing takes a look at the implications of the SOE’s move and whether China’s property market will finally look up.

Zaobao journalist Tai Hing Shing looks at the recent drop in Hong Kong’s property prices and asks: will the Hong Kong government take any measures to make sure the market remains stable, or allow the market to regulate itself?

With the impending 20th Party Congress in less than two months, Chinese authorities are stepping up their efforts to control the spread of Covid-19, with fresh lockdowns in China’s megacities over the past few days. Zaobao associate editor Han Yong Hong notes that despite calls to stabilise the economy, anti-epidemic efforts seem to take precedence, and are not likely to be eased even after the congress.

In a preliminary agreement, US officials will get their long-sought access to vet accounting companies based in mainland China and Hong Kong and review audit documents related to Chinese businesses. Will this stem the tide of Chinese companies being delisted from US stock exchanges?

Crypto ban notwithstanding, China’s getting firmly in the act of building Web3 infrastructure to its specifications. While China is unlikely to allow global Web3 to play a role in its economy or the lives of its citizens, Chinese developers and entrepreneurs remain fascinated by the promise of global Web3 platforms and cryptocurrencies. This portends the development of two blockchain markets in China: one which caters to those who “jump” the virtual fence to join in the global Web3 movement, and one which uses blockchain in line with Beijing’s vision.

Political commentator Jin Jian Guo believes that the semiconductor Great Leap Forward pushed by the Chinese authorities could have the same devastating effects as the Great Leap Forward of the past. In an industry that is globally interconnected, persisting with the impossible endeavour of becoming fully self-reliant would only result in further instances of failing to learn from history.

China-US cooperation in the finance sector is making headway after the announcement of the recent signing of an audit oversight cooperation agreement. While the general public opinion in China bears optimism for this development, some are still wary of the risks to national security. Zaobao correspondent Yu Zeyuan looks into the implications of the agreement.

In a recent internal memo, Huawei founder Ren Zhengfei did not beat around the bush in warning of the dire global economic situation. Zaobao associate editor Han Yong Hong notes that Ren is merely being candid about what has already been iterated by heads of states and economic experts. Amid a war in Europe, supply chain disruptions, geopolitical tensions and domestic economic troubles, can China hope for a recovery in the foreseeable future?