Since September, primary and secondary schools across China have started to implement the “double reduction” policy. Among other measures, primary one and two students no longer have written homework or paper-based exams, while primary three to six students will have their written homework load significantly reduced. These measures are changing up the education ecosystem with students, parents, tutoring companies, teachers and schools all having to adjust. At the back of everyone’s minds is the thought that the rules have changed but competition has not gone away. What are some of their concerns and how will they cope?
The Chinese authorities are not just clamping down on celebrities for their excesses or “unhealthy’ fandoms, but setting the ground rules for media portrayals of gender norms of appearance and behaviour. In particular, the "effeminate aesthetics" of male celebrities and female influencers marketing themselves in Chinese temples have come under attack. But why are Chinese women feeling targeted? Are these necessary actions to moderate the internet economy or just signs of an over-the-top paternalistic bent?
China has introduced a wave of strong regulatory moves on various industries over the past months, alarming international observers and causing jitters in the financial market. However, says academic Gu Qingyang, these moves could be necessary and might just set China in the right direction to face future challenges better.
While retail investors and observers fear that Evergrande’s fall from grace will trigger a subprime mortgage crisis in China, the Chinese authorities seem quite comfortable letting Evergrande cover its own losses, despite the short-term instability foreseen. Han Yong Hong explains why.
With the Chinese government’s recent big crackdown on the education sector, some people are concerned that other internet platforms such as Alibaba and Meituan might be next. Technology specialist Yin Ruizhi explains why it is unlikely that Chinese internet titans will be hit as hard.
Following the Chinese government's crackdown on big capital, China has recently announced its ambition to achieve "common prosperity" and wealth redistribution, with a strong emphasis on fairer income and good morals across society. Chinese internet giant Tencent responded immediately by investing 50 billion RMB (S$10.5 billion) to help promote the new initiative. Zaobao associate editor Han Yong Hong asks: "Is this the prelude to a social revolution?"
Kris Wu has been detained by the police in Beijing. His social media accounts are deleted from Chinese social media platforms, wiping out the star's online presence. While this is not the first time Wu is embroiled in sex scandals, it is the first time he is detained. Who are the benefactors and financial powers behind China's top celebrities like Wu? And what does this mean for China's crackdown on big capital?
It is not new for the evils of capitalism to be criticised in China. But the recent crackdowns on whole sectors, be it tech, tuition centres, or online gaming, has businesses wondering what just hit them. Is this the state’s way of showing who’s boss, and how will China’s economic vibrance be affected?
China’s crackdown on cryptocurrencies has increased the volatility of the market, not least with bitcoin miners fleeing and the price of bitcoin plummeting. What are the reasons behind China’s regulatory clampdowns and will other countries follow suit?