The fall of Evergrande: How the Chinese economy might be affected by the possible bankruptcy of this real-estate giant
Evergrande Real Estate Group was established in 1997 in Guangzhou, China. In 2016 it had more than 500 real estate projects in China in more than 180 cities, which made it the world’s largest real estate company. The group is also engaged in investment in sports parks, electric vehicles, and has stakes in food and […]
Why Beijing’s crackdown on the Chinese entertainment industry matters to global brands
The recent crackdown on the Chinese entertainment industry is just one in a series of restructured regulations China has enforced in 2021. Other industries affected by such changing policies under General Secretary of the Chinese Communist Party Xi Jinping’s ‘common prosperity’ campaign include gaming, private online education, and real estate. The recent crackdown on the […]
2021 becomes the year of crackdowns in China as the country’s tightening regulations spread through more spheres
In the second half of 2021, it seems almost every week we hear of a new crackdown in China, each of which impact a range of industries, throwing market dynamics for a loop. This article details some of the larger crackdowns and their impacts on the markets China’s crackdown on education for extra-curricular classes In […]
Autonomous driving in China: Shifting the car industry from products to services
The advent of autonomous driving in China has already provoked fundamental changes in the country’s automotive industry. For example, so-called robo-taxis are now commercially operating on Chinese streets in 2021. These vehicles drive fully autonomously, transporting passengers without human drivers. Autonomous vehicle (AV) sales in China are expected to exceed 33 million in 2040, approximately […]
China’s gig economy accounts for a quarter of its labor market: 3 gigs you probably never heard of
With 986 million mobile internet users and 853 million mobile payment users in 2021, China’s internet sector has created a breeding ground for the gig economy. It is estimated that there are about 200 million gig workers across the country, accounting for almost one fourth of China’s entire labor force. However, China’s thriving gig economy […]
Happily unmarried: A peek into singles economy in China
As the population ages and the national birthrate keeps on declining, China undergoes another deep transformation which will leave a mark on the country’s social and economic structure. According to China’s Ministry of Civil Affairs, from 2014 on, the amount of marriages gradually dropped over the years: in 2019, about 9.3 million couples tied the […]
What China’s new carbon emission trading market means for businesses
On July 16, the Vice-Minister for Ecology and Environment Zhao Yingmin officially ushered in the China’s long-planned carbon emission trading market, the world’s largest CO2 market. The carbon exchange system, which made its debut with 4.1 million tons of carbon dioxide quotas worth 210 million RMB traded in a single day, was actually launched in […]
Beijing announces a third-child policy to tackle China’s ageing population, here are the economic implications
On May 31st 2021, China announced the introduction of its third-child policy, concluding its previous two-child policy set in 2016. Facing a dwindling young labour force and rising elderly population, China’s third-child policy was implemented in hopes of reviving the country’s current demographic crisis, with last year leading to just 12 million babies born in […]
How financially independent are Chinese millennials?
As the Chinese middle class keeps growing, foreign and domestic brands have been rushing to satiate the growing appetite of Chinese consumers. Having grown up during a period of economic prosperity, Chinese millennials (those born between 1996 and 1981) are now a strong engine of the booming Chinese economy. As the Chinese society gets wealthier, […]
Price discrepancies in China: What drives some product prices up and others down?
When comparing prices in China to Western countries there are often unexpected differences. As the cost of living in China is relatively low, one would expect the prices of products to be lower, but that is not always the case. Price discrepancies in China do not only offer opportunities to leverage those differences but it […]
What job postings in China teach us about the nation’s direction of economic development
With the end of the Covid-19 pandemic and the rapid recovery of the national economy, the job market for medium and highly skilled professionals in China started to thrive again, raising hopes for an increasingly brighter future. During 2021 Q1, the number of new jobs experienced a 99.02% year-on-year increase and the average annual salary […]
7 industries boosted by the lazy economy in China
The lazy economy is an economic phenomenon representing an upgrade in convenience-based consumption. There are three motivating factors of the lazy economy in China: people are becoming busier, technology is getting more advanced, and personal disposable income is increasing. The pursuit of an efficient, leisurely, and a high quality of life has led to the […]