While China-US relations have an impact on the US lawmakers’ scrutiny of TikTok, the intense questioning of the social media platform’s data security issues by the US Congress has sparked major global attention, especially towards the threat to the authority of sovereign states globally.
Regulations
Economy
One highlight of the recent report from China’s Two Sessions is the proposed reforms to the financial regulatory system. Among the changes is to place regulators under the civil service system, which would mean salary cuts of 50% or more, along with stricter regulations on staff resignations. Will China's reforms for common prosperity work?
Politics
US academic Wu Guo reasons that the recent furore ignited by a draft Texas bill proposing to restrict Chinese buyers from buying property shows that US-China mistrust and jousting has seeped into local communities.
Politics
The US House Committee on Foreign Affairs has advanced a bill in Congress potentially giving the Biden administration power to ban TikTok in the US. Zaobao’s China Desk weighs up the various opinions discussing the issue.
Society
While a bride price or dowry is a marriage custom in China, the monetary value of the bride price has been getting out of hand in many places. At the top of the list is Jiangxi province, where bride prices can go as high as US$116,000. Zaobao’s China Desk examines the phenomenon and what is being done about it.
Society
Recent changes to China’s medical insurance system have received backlash from its elderly population, who fear that their reduced incomes and increased medical expenses will make healthcare unaffordable for them. Lianhe Zaobao correspondent Chen Jing looks at how the reforms will be implemented and their impact on the people.
Economy
Optimism over China's economic outlook may be rising, but its recovery is uneven, with different industries experiencing different levels of rebound. Furthermore, can Chinese authorities ensure a better business environment and greater transparency, as well as policy consistency and guarantee of the rule of law, to attract back businesses and investors?
Society
Despite worries that Covid infections would rise sharply after the Chinese New Year period, statistics show that earlier fears were unfounded. The sudden change has netizens speculating if “solar storms” helped to quell the virus. Can China really expect clearer skies ahead?
Economy
Chinese academic Yi Xianrong remarks that while the Chinese government had emphasised stability for the property sector in recent years, the market was in dire straits in 2022, marked by abysmal sales and financial figures and rock-bottom consumer confidence. Faced with these tough challenges, the Chinese government has made significant changes to its real estate policies this year. But it will not be a smooth road ahead to drive the transformation of the ailing sector.