Capitalism

CASA, an advocacy organisation for Latino and immigrant people and other immigrant advocacy groups, rally outside the White House in Lafayette Park, to demand that the Biden administration take action on citizenship for all on 26 May 2021 in Washington, DC. (Mandel Ngan/AFP)

Chinese academic: Developing nations must be wary of internet platform companies and their capital

Qiao Xinsheng points out that one should not have any expectations about the globalisation of the job market. In the internet economy era, even though internet platform companies facilitate capital’s global search for talent, this has not improved labour’s freedom of movement in search of better job opportunities. Cheap labour will continue to be exploited through the long arms of overseas capital. Not only that, with these companies' technology-enabled capabilities to collect massive amounts of data, national security will be a concern.
During the days of the Republic, Nanjing Road in Shanghai was one of the best-known commercial streets in the world. Stores and advertisements lined the streets; advertisement placards announcing sales and discounts were waved in the streets while tobacconists, pharmacies, watch shops and metal workshops vied for customers side by side.

[Photo story] The many faces of Shanghai over a hundred years

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.  
 Jack Ma, founder and executive chairman of China's Alibaba Group, speaks in front of a picture of SoftBank's human-like robot named 'Pepper' during a news conference in Chiba, Japan, 18 June 2015. (Yuya Shino/Reuters)

The end of 'Papa Ma Yun' and his Hupan University

As Chinese authorities take action against monopolistic behaviour and the “disorderly expansion of capital”, companies like Alibaba and founder Jack Ma are finding themselves falling out of favour not only with the authorities but with the public. The latest development is the name change for Hupan University, established by Ma, where the motivations of the institution have come under question. Zaobao correspondent Chen Jing looks at the issue.
U.S. President Joe Biden, accompanied by Vice President Kamala Harris, speaks at the Rose Garden of the White House in Washington, U.S., 13 May 2021. (Kevin Lamarque/Reuters)

Can America beat China with Biden’s US$6 trillion stimulus plans?

US-based Chinese researcher Zhou Nongjian takes a close look at Biden’s US$6 trillion stimulus plans to improve the US economy and meet the challenge from China. He asserts that infrastructure-building and poverty assistance plans are stop-gap measures that will not address fundamental problems such as the US’s loss of industries and declining national strength. Is the US president putting the cart before the horse?
Black Lives Matter activists stand with shields outside of the Columbus Police Headquarters in reaction to the police shooting of a teenage girl on 20 April 2021 in Columbus, Ohio, US. (Stephen Zenner/Getty Images/AFP)

Chinese academic: Why the US ignores its own human rights issues and accuses others instead

Due to the US's historical and political heritage, Americans assume that they are one up on other countries when it comes to human rights. Chinese academic Sun Peisong notes that the US's human rights record has actually been less than perfect. But how is it that they can be in denial about their own faults while accusing others of human rights violations?
The logo of Alibaba Group is seen at its office in Beijing, China, 5 January 2021. (Thomas Peter/Reuters)

Is Alibaba leaving its carefree days behind?

Alibaba’s name is said to be inspired by the song that goes: “Ali Baba is a happy youth!” But after the halting of Ant Group’s listing and being slapped with a 18.228 billion RMB fine, Alibaba faces headwinds. In their anti-monopoly efforts, the authorities seem to have no qualms about making an example of companies like Alibaba. Zaobao correspondent Yu Zeyuan analyses the situation.
Two paramilitary police officers patrol in the area south of the Great Hall of the People during the second plenary session of the National People's Congress in Beijing on 8 March 2021. (Greg Baker/AFP)

‘Time and situation’ in China’s favour, but is China invincible?

Amid a strong sense that the East is on the rise while the West is in decline, China’s annual Two Sessions came to a close on a confident note, says Han Yong Hong. This augurs well for China’s plan to reach its goal of having a per capita GDP of a moderately developed country by 2035. However, the proof of the pudding is in the eating and unforeseen variables can still develop at every turn.
Pedestrians and cyclists stand in front of a screen showing an advertisement for the People's Liberation Army (PLA) in Beijing, China, on 5 March 2021. (Qilai Shen/Bloomberg)

China-US strategic showdown: Will the east wind prevail over the west wind?

The 21st century sees the convergence of the Chinese socialist system and its American capitalist counterpart across the global arena, and that convergence is a critical turning point in history, says Zhu Ying. With China exhibiting real muscle on the international stage, the US must prove that the democratic system will prevail. To do this, it must not only get its house in order, but offer credible solutions to the world.
People wearing face masks walk near Qianmen Street, in Beijing, China, 10 February 2021. (Carlos Garcia Rawlins/Reuters)

Can the CCP forge an inclusive social contract and build a healthy civil society?  

Rather than perpetuate the “giant baby syndrome” of mollycoddled citizens, says Lance Gore, the Chinese government should go against its combative instincts and focus on harmony. Only then can it forge an inclusive social contract with the populace, where there’s room for active citizenry and a healthy civil society.