The world looks with awe at China’s economic achievements, but because of its one-child policy, it not only gained fast economic growth but also an aging population that offers an equally devastating income trap for the decades to come, unless it invests more smartly into its people, says China veteran Ian Johnson at the Vietnam Brief.
More than three million Chinese students went to the US for their study, but with the rising sinophobia both the US and Australia are losing out huge advantages of those eager learners, says business analyst Shaun Rein to state-broadcaster CGTN. Even losing only tuition fees might cost them dearly, he adds.
A hidden problem in China are the 70 million children in the countryside, left behind by their migrant parents who left to work elsewhere in de big cities, says author Zhang Lijia in an interview with the Borgen Project. Many drop out of school and those who remain face dropping quality of their education. Zhang Lijia is currently working on a book on left-behind children (LBC’s).
The coronavirus crisis has hit China’s economy and its graduates face a rough time for at least a year, as they are looking for jobs now, says financial analyst Sara Hsu, a visiting scholar at Shanghai’s Fudan University to CGTN. Job creation has come to a stand-still, and graduates might rely on finding jobs at state-owned companies, the government or even the military to survive in the coming year, she says.
Livestreaming e-commerce took off like crazy in China in 2020, partly because of the coronavirus pandemic. Marketing guru Ashley Dudarenok opens the discussion on where this trend is leading to at Technode. “Various livestreaming platforms are maturing, becoming more mainstream and the epidemic has led to the growth of online work, entertainment, and consumption,” she writes.
Nationalistic sentiments at the recent National People’s Congress (NPC) triggered off proposals to abolish English translations on all government-related events in China. London-based author Zhang Lijia explains why that is the wrong move, and why learning English is still important, also for Chinese, at the South China Morning Post.
Online education is one of the big winners in the ongoing corona crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. “Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies,” he says.
Online education is a booming business in China, and regulations are catching up, very slowly, says China-lawyer Mark Schaub in a thorough overview of the legal minefield for online educational ventures at the China Law Insight. “Curiously for a business that combines two highly sensitive areas of the Chinese economy – the internet and education – online education was only first officially addressed in 2018.”
Pulitzer-price winning journalist Ian Johnson describes the decline of Hong Kong, in all possible ways – not only economically, as China rose, for the NY Review of Books. “Hong Kong failed to install visionary leaders who might have helped Hong Kong retain its place among the handful of truly key global cities,” he writes.