Entrepreneurship

A commuter rides his bicycle through an older neighborhood in Shanghai, China, on 30 August 2021. (Qilai Shen/Bloomberg)

Every individual counts: China should go for ‘common development’ rather than ‘common prosperity’

Rather than wealth redistribution per se, the deeper issue lies in achieving social justice and equal opportunities for all. Going by the US example, it might not be wise or even feasible to curtail the riches of the wealthy or to straitjacket their business environment. Instead, they and other members of the community can be encouraged to help bring about equitable access to education and a better life.
A worker stands in front of Mao Zedong sculpture at Dandong station at the border city of Dandong, in China's northeast Liaoning province on 11 August 2021. (Noel Celis/AFP)

China's growing north-south gap: Can the north catch up?

Zaobao correspondent Yu Zeyuan notes the growing gap between northern and southern China in terms of economic and population growth, as businesses and people become more concentrated in the south. How will the central government tackle this imbalance?
A mother and her baby play on a slide at Wukesong shopping district in Beijing, China on 11 May 2021. (Noel Celis/AFP)

China’s rising property prices have serious social consequences

Han Heyuan asserts that rising property prices in China are not just the “biggest grey rhino” in terms of financial risks as some policymakers have said, but also a catalyst for a slew of development and social issues such as the lack of entrepreneurs, negative attitudes to work, and falling birth rates.