China’s Huawei suddenly launched a new smartphone, equipped with a 7 nm chip said to be made in China and with network speeds reaching 5G levels, shocking the US political circles. What far-reaching impacts will China's breakthrough in chip technology have? How will Washington respond? Lianhe Zaobao correspondent Edwin Ong takes us through the recent developments and what it means for the US’s strategy against China’s tech advancements.
Local governments in Chinese cities are taking extra measures to encourage couples to marry early and have children. However, given the youth’s shifting values and society’s tolerance for singlehood, these measures are falling short. Meanwhile, netizens are lamenting that government policies should not be coercive or objectify women.
Tourism in China is still recovering following the pandemic, and some areas see a surge of tourists after going viral on the internet. One such place is Tianjin, whose claim to fame is a group of “diving grandpas” diving off the 6-metre-high Shizilin Bridge, despite signs prohibiting such activities. Sadly, they have declared that they will stop doing so. How long will other such ground-up activities last?
The EV adventure in China has been successful in some respects, not least with 5.9 million EVs sold on the Chinese market, amounting to 59% of EVs sold globally. However, as a means to reduce climate change, the effort has tended to “put the cart in front of the horse”, because EVs are not particularly environmentally friendly without a steady stream of renewable electricity supply. Academic Erik Baark lays out the factors involved.
In a bid to boost home purchases in what has normally been the peak sales period of September and October, Guangzhou and Shenzhen have announced preferential policies for homebuyers. However, Lianhe Zaobao correspondent Chen Jing notes that market confidence is still at a low; are the new policies enough to boost the Chinese property market’s recovery?
Amid China's property crisis, Country Garden is on the way to becoming the next casualty as it teeters on the brink of its maiden bond default. Compared with many of its distressed peers, Country Garden was in a better position during the early stages of the property market downturn. But now, the company is scrambling for a lifeline.
Commentator Tan Haojun highlights the many grey areas that the people in white in China find themselves in, amid an all-out anti-corruption campaign in the medical sector. It may be unimaginable that the same sector lauded for brave work during the pandemic is under investigation for rampant corruption. The reality is that heroes and the corrupt coexist, and only by reining in those hungry for power and profit can the system start to rid itself of the bad hats.
The US’s latest round of investment restrictions on China hits the country where it hurts — access to innovation ecosystems. Will China develop its own ecosystems fast enough? Researcher Ding Ke weighs in on the issue.
Hong Kong’s stock market has taken a beating recently, with the number of IPOs and trade volumes in a slump. Amid the different factors causing the poor performance, including the economic situation in mainland China, analysts believe that the Hong Kong Stock Exchange’s long-running focus on the West and oversight of Southeast Asia needs to be addressed. Lianhe Zaobao journalist Liu Sha finds out more.