https://www.scmp.com/rss/518948/feed Hanyan has long been deeply interested in international relations and international communication. She has a master's degree in international journalism, and a bachelor's degree in communication. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com With an eye on studying chemistry abroad, Rafael Wang set his sights on master’s programmes in the United States. So, it came as an element of surprise when he learned that his university had been placed on a US sanctions list in 2020, and he had to react accordingly. Now 24, Wang recalled how Washington’s decision to target the Nanjing University of Science and Technology threw a wrench in his plans. “The US is still attractive to me,” Wang said, pointing to its prowess in science and... https://www.scmp.com/economy/global-economy/article/3275037/chinese-students-forgo-us-university-degrees-impact-brainpower-transcends-borders?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3275037/chinese-students-forgo-us-university-degrees-impact-brainpower-transcends-borders?utm_source=rss_feed Mon, 19 Aug 2024 22:00:09 +0000 With an undergraduate degree in hand, Alan Shen made a smooth transition into his career two years ago by securing a highly coveted job at a private internet firm in the heart of Tianjin, one of China’s most populous cities. But the entry-level position as an internet moderator and content censor paid just 6,000 yuan (US$840) a month. And with an eye on his future career prospects, the now 24-year-old Shen began re-evaluating whether it would be worth it in the long run. Within just a few... https://www.scmp.com/economy/economic-indicators/article/3274460/chinas-countryside-calls-city-dwellers-settle-relax-and-revitalise-rural-regions?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3274460/chinas-countryside-calls-city-dwellers-settle-relax-and-revitalise-rural-regions?utm_source=rss_feed Wed, 14 Aug 2024 22:00:18 +0000 China’s jobless rate for the 16-24 age group dipped to 13.2 per cent in June, excluding students, and has gradually improved for the past three months, according to the National Bureau of Statistics (NBS). After contracting to 14.2 per cent in May, the youth-unemployment rate further shrank by a full percentage point last month. Meanwhile, the jobless rate for the 25-29 age group, also excluding students, was 6.4 per cent in June, and similarly marked a third consecutive month of decline, while... https://www.scmp.com/economy/economic-indicators/article/3270772/chinas-youth-jobless-rate-improves-challenges-still-threaten-stability-nbs?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3270772/chinas-youth-jobless-rate-improves-challenges-still-threaten-stability-nbs?utm_source=rss_feed Wed, 17 Jul 2024 07:05:25 +0000 China’s charm offensive and relaxed visa policies intended to attract foreign travellers to return are seemingly paying off with cruise passenger traffic having surged in the second quarter. Beijing announced in May that foreign visitors in tour groups of at least two people could stay in China for up to 15 days without a visa if they arrive via any of China’s 13 cruise ports. And according to the Ministry of Transport, cruise traffic rose by nearly 60 per cent in the second quarter from the... https://www.scmp.com/economy/economic-indicators/article/3270642/chinas-visa-free-policies-paying-cruise-traffic-rises-60-offers-consumption-boost?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3270642/chinas-visa-free-policies-paying-cruise-traffic-rises-60-offers-consumption-boost?utm_source=rss_feed Tue, 16 Jul 2024 09:00:11 +0000 China is poised to face mortality on an “an unprecedented scale” in the coming decades, adding woes to its demographic crisis in terms of rapid ageing and plunging fertility, according to a research report. Earlier this month, “China will face a peak in population mortality” became one of the hottest topics on popular Chinese social media platform Weibo, sparking heated discussions. The world’s second-largest economy, which used to catch global attention for its demographic dividend, may see... https://www.scmp.com/economy/economic-indicators/article/3270501/deaths-china-reach-unprecedented-scale-peak-19-million-2061?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3270501/deaths-china-reach-unprecedented-scale-peak-19-million-2061?utm_source=rss_feed Mon, 15 Jul 2024 11:00:15 +0000 Amid China’s ongoing economic struggles, unemployment remains a headache for Beijing. In this eight-part series, we examine the range of unemployment issues facing the world’s second-largest economy, from young people to “the curse of 35”, as well as gig workers and the political implications. At the end of May, Beijing-based start-up founder Zuyi Lee posted a part-time accounting job on an online recruitment platform. Within 24 hours, a staggering 142 applicants had reached out. Lee whittled... https://www.scmp.com/economy/economic-indicators/article/3269276/chinas-desperate-young-jobseekers-face-fierce-competition-provide-headache-beijing?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3269276/chinas-desperate-young-jobseekers-face-fierce-competition-provide-headache-beijing?utm_source=rss_feed Fri, 05 Jul 2024 22:00:12 +0000 China pledged on Friday to make breakthroughs in emerging industries – including bleeding-edge fields like humanoid robots, 6G mobile technology and atomic-level manufacturing – that could enhance its strength in the high-growth tech arena while preserving traditional sectors as a bedrock. The country’s unique system – which can concentrate resources on specific benchmarks – can be marshalled to fill gaps in core technologies created by containment efforts from the United States, said Jin... https://www.scmp.com/economy/china-economy/article/3269364/china-seeks-hop-tech-hurdles-robots-6g-industrial-development-hits-key-juncture?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3269364/china-seeks-hop-tech-hurdles-robots-6g-industrial-development-hits-key-juncture?utm_source=rss_feed Fri, 05 Jul 2024 14:30:10 +0000 More than half of China’s online shoppers have purchased trendy Chinese brands, and the picks of young adult shoppers reflect a reshaping of the world’s second-largest market for consumer goods, according to new findings. Around 530 million internet users favour China-made products following the trend of “guochao”, or “China chic” trend, underscoring a significant market for homegrown goods that is awash with internet consumers, according to a report released by the China Internet Network... https://www.scmp.com/economy/economic-indicators/article/3268902/how-china-chic-young-adults-are-making-economic-statements-glow-ups?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3268902/how-china-chic-young-adults-are-making-economic-statements-glow-ups?utm_source=rss_feed Tue, 02 Jul 2024 14:30:10 +0000 China’s National Audit Office on Tuesday called for a new round of fiscal and tax reforms, better debt management and also the end of credit supply to so-called zombie companies after it found funds had been misused during its annual check of government spending. “Based on audits, some of the issues in economic and social development stem from incomplete and inadequate institutional mechanisms, as well as a lack of financial and legal awareness in certain regions ,” auditor general Hou Kai said... https://www.scmp.com/economy/china-economy/article/3267997/china-urged-cut-zombie-firms-roll-out-reforms-auditor-flags-misused-funds?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3267997/china-urged-cut-zombie-firms-roll-out-reforms-auditor-flags-misused-funds?utm_source=rss_feed Tue, 25 Jun 2024 12:30:16 +0000 Seeking a way to de-stress and have fun amid China’s economic doldrums, cross-border e-commerce sector worker Michelle Zhang bought scratch cards every weekend. The 24-year-old had won as much as 500 yuan (US$68.3) from just a 20 yuan ticket, but recently found many dedicated lottery ticket stores in Guangzhou – a major southern city – had run out of stock. In mid-June she visited three stores before finding any tickets, with the same scene replicated in the likes of Beijing and the well-off... https://www.scmp.com/economy/economic-indicators/article/3267765/china-running-short-lottery-tickets-youth-try-their-luck-amid-shaky-economy?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3267765/china-running-short-lottery-tickets-youth-try-their-luck-amid-shaky-economy?utm_source=rss_feed Mon, 24 Jun 2024 04:00:19 +0000 The third plenum of the Central Committee of China’s Communist Party, scheduled for next month, is expected to set the tone for the country’s economic policy for the next several years. In advance of that meeting, the Post is reviewing the work of notable scholars and observers about their own expectations – as well as their thoughts on China’s economy at large. The first part of this series can be found here and the third here. China should increase household incomes and improve its social... https://www.scmp.com/economy/china-economy/article/3267227/china-needs-consumption-surge-full-blown-economic-recovery-researcher-says?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3267227/china-needs-consumption-surge-full-blown-economic-recovery-researcher-says?utm_source=rss_feed Wed, 19 Jun 2024 13:00:09 +0000 Mounting uncertainties are casting a shadow over the future of Chinese solar panel manufacturers in Southeast Asia, with many agonising over staying or leaving given the United States is moving to block a well-trodden tariff workaround. Many firms have halted production in the name of “facility upgrades” or “maintenance”, or furloughed workers after the US Department of Commerce opened anti-dumping and anti-subsidy investigations into crystalline silicon photovoltaic cells from Cambodia,... https://www.scmp.com/economy/global-economy/article/3265839/chinese-solar-panel-makers-face-dilemma-us-plugs-trade-loophole-southeast-asia?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3265839/chinese-solar-panel-makers-face-dilemma-us-plugs-trade-loophole-southeast-asia?utm_source=rss_feed Sat, 08 Jun 2024 11:00:10 +0000