With the purported goal of reducing students’ stress, China’s new “double reduction” policy seeks to ease homework and after-school tutoring burdens. In reality, the policy has been more successful in crippling the nation’s private tutoring sector, while daily life for students has not substantially changed. Under harsh regulations, private tutoring businesses are pivoting rapidly to find new avenues for profit.
As societal and socioeconomic pressures transform traditional Chinese values, China’s single population is growing. With its boom, a new “singles economy” has been born. While the demographic has traditionally lifted industries like dating apps and health and wellness, businesses across all markets would be wise to keep this affluent segment in mind.
The new space race has begun, this time with American and Chinese commercial space companies competing to become the global aerospace industry leader. While these aerospace companies may be looking at the stars, they do not necessarily have their heads in the clouds, as new innovations are benefitting day-to-day life on Earth and increasing public enthusiasm for aerospace technology. While this is a strategic competition for both sides, the rise of privately-owned space companies will ultimately benefit everyone.
The Evergrande crisis opened the world’s eyes to the global implications of sudden Chinese policy changes. In many ways, the case of Evergrande and other indebted property developers has been brought on by the over-corrective nature of China’s financial de-risking campaign. Now, compounded by an unfavorable economic environment, these financial risks may spell untold consequences for growth.
The world around us is driven by commerce. E-commerce has enjoyed particular success in modern society and accounts for over 50% of China’s total retail sales. Online auctions, a maturing segment of the e-commerce industry, is discovering newfound adoption by young wealthier consumers bidding in niche markets like art and nonperforming loans. With bad debt looming on the horizon, this segment may be poised for explosive growth.
Amazon’s unprecedented crackdown on fake reviews has shuttered thousands of Chinese merchant stores since May 2021, throwing the “made in China, sold on Amazon” model into limbo. In this article, we discuss the impetus behind Amazon’s crackdown and how Chinese merchants will handle the shift.
China’s EV industry is entering its most exciting phase of development yet. The highly competitive market is introducing a variety of innovative products at lower prices than global competitors, providing Chinese companies a foothold abroad. Still, to further bolster domestic competition, Beijing is calling for market consolidation to weed-out weaker firms while strengthening those with the most industry potential.
China’s agricultural production is inefficient and, in many ways, outdated. Facing growing issues like urbanization and an aging population, China is staring down at major food security issues. Yet, technology may be the answer as farmers in China begin to work with tech giants to increase farm productivity and crop yields.
The podcast industry is coming of age in China. With a tight-knit community of 80 million young and educated listeners from top-tier cities, content creators, big-tech firms, and regulators are rushing into the growing market with varying missions.
China’s preferential policy has cultivated a hot bed for blockchain innovation. As policymakers name blockchain as a key driver of the nation’s future economy, domestic SMEs and MNCs have the opportunity to scale along with global adoption of this emerging technology behind some of the greatest economic and social innovations of our generation.
Virtual reality is quickly becoming the technology of the future. China has highlighted the VR industry as an important sector within its innovation strategy, and it is looking to position itself as a global leader in the technology’s innovation, adoption, and production.
Chinese tech giant NetEase Inc. announced a spin-off of Cloud Village, its mobile music streaming service subsidiary, in late May. With a cult-like community that boasts strong user engagement and its unique Music Talent Initiative, Cloud Village stands out among digital music platforms. The company’s IPO proposal comes amid a crackdown on Tencent, the champion of China’s music streaming market, which offers a potential inroad to Cloud Village’s future growth.
China is both the world’s largest consumer of seafood and largest producer of farmed fish. As incomes rise and consumer demand for seafood grows, overexploitation in the fishing industry is on track to become a major global issue. In this article, we explore how China’s aquaculture industry can adapt to ensure a high value yet environmentally sustainable end product.
China’s biopharmaceuticals is an often overlooked yet quickly growing industry. In recent years, various regulatory reforms have transformed the industry, nurturing it into a global competitor. Many foreign investors are interested in taking advantage of the local industry’s streamlined product registration process and robust development incentives. However, there are still risks that investors should remain cognizant of when planning their entrance strategy into the Chinese biopharmaceutical market.
China has a love-hate relationship with crypto. It loves the technology but hates the illicit activity. While blockchain will play a vital role as a strategic technology highlighted in national development goals, its ties to cryptocurrency challenge industry development. This has led to harsher regulation of the cryptocurrency space in the hopes that, by separating cryptocurrency and blockchain technology, policymakers can hasten the maturity of the blockchain industry without fear of the social or financial instability associated with crypto.