Archive for ‘markets’

Thursday, June 9, 2022

Press Review, Thursday, June 9, 2022

1. Guanchazhe headline at 08:50 GMT / 16:50 Beijing standard time /

He Qinghua, first-level inspector at the Bureau of Disease Prevention and Control of the National Health Commission, on Thursday's press conference at the health commission's press conference center, Xizhimen office quarters

He Qinghua, first-level inspector at the Bureau of Disease Prevention and Control of the National Health Commission, on Thursday morning’s press conference at the health commission’s press conference center, Xizhimen office quarters

Q (“China Daily”):
We have seen that after cluster outbreaks in sections of the city, requirements to nucleic acid test certificates concerning time spans, entering and leaving places have differed from each other. I would like to ask under what specific circumstances is there a need for a test certificate from within 24, 48 or 72 hours? On what basis are the certificate duration limits determined? Will certificate controls on entry and departure from different locations become the normality in the future? Thanks.
中国日报记者:我们看到部分城市发生聚集性疫情后,不同的时间段、出入不同的场所,对于核酸阴性证明的要求都不一样。请问,具体在哪些情形下要提供24小时、48小时和72小时内的核酸阴性证明?确定这些核酸证明有效时长的依据是什么?今后出入不同场所查验核酸证明是否会成为常态?谢谢。
A (He Qinghua):
Thank you for your question. After a disease-cluster outbreak, there is a need to determine and formulate the nucleic acid test strategy in accordance with the requirements of epidemic control and prevention, a need to delimit scope and frequency of testing, to avoid blindly expanding the scope to mass nucleic acid tests, and to [rather] carry out nucleic testing people in accordance with risk levels, from high to low risk. The first nucleic acid screening in a closed area should be completed within 24 hours, and a mass nucleic acid screening in the control area should be completed within 48 hours. In other words, when an outbreak occurs, comprehensive arrangements concerning people to be tested, scope and frequency of tests must be established in accordance with epidemic prevention and control requirements. The closed area definitely completes a mass test within 24 hours and the control area completes the first mass testing within 48 hours. In medium- and high-risk areas’ closed and control areas, people must not leave the area, but if you absolutely have to travel in areas with a low risk of outbreaks, a 48-hours nucleic acid test certificate is required. Any region can adjustments in accordance with the needs arising for epidemic prevention and control.
谢谢你的提问。聚集性疫情发生以后,要根据疫情防控的需要,科学确定制定核酸检测策略,划定核酸检测的范围和频次,避免盲目地扩大开展全员核酸检测的范围,将受检的人员按照风险等级由高到低依次开展核酸检测。封控区应该在24小时内完成首次核酸筛查,管控区要在48小时完成首次的全员核酸筛查。就是说在疫情发生以后,一定是根据疫情防控的需要,把核酸检测的人员、范围、频次统筹安排。封控区一定是在24小时内完成首次全员核酸检测,管控区在48小时内要完成第一次的全员核酸检测。中、高风险地区和封控区、管控区这些人员不得外出,但是疫情发生地的低风险地区和防范区确需出行的,需要持48小时的核酸检测阴性证明。各地可以根据疫情防控的需要进行调整。
Also, in areas with no epidemic outbreaks and no risk of importing [coronaviruses], nucleic acid tests on entry and departure should not become kind of a norm. Beijing has ways of handling this, and we would like to ask director Li Ang for a presentation.
还有一个,没有发生疫情,也没有输入风险的,查验核酸不应该成为一种常态。北京在这方面有些做法,我们想请李昂主任给大家作个介绍。
[…]

2. Where does the Economy go?

02_01_zhang_jun_left

“Seize the opportunity, deepen structural reform”

That’s what Professor Zhang Jun, Dean at Fudan School of Economics and an economic researcher, discusses in an interview addressing the “three pressures” of shrinking demand, supply shocks and weaker expectations (需求收缩, 供给冲击, 预期转弱).
After a detailed discussion of options to revive the economy, reducing youth unemployment etc., Zhang says that

I am more and more worried that our country’s economy is entering a vicious circle. In my opinion, the only way to break from this cycle is to seize the opportunity and to promote deeper structural reform, to thoroughly organize government-market relations. Just as Secretary General Xi Jinping emphasized at the Central Comprehensively Deepening Reforms Commission‘s twenty-third meeting on December 17, 2021, the development of a socialist market economy is a great creation of our party. The key is to handle the government-market relationship well, to let the market have a decisive role in the allocation of resources, and to play a better role as a government.
我现在越来越担心我们国家的经济进入一个恶性循环,而唯一能够打破这个循环的,我认为就是要抓住时机,推进更深层次的结构改革,彻底理顺政府与市场关系。正如习近平总书记2021年12月17日召开中央全面深化改革委员会第二十三次会议时所强调,发展社会主义市场经济是我们党的一个伟大创造,关键是处理好政府和市场的关系,使市场在资源配置中起决定性作用,更好发挥政府作用。

3. Biden stumbles


But there’s good news, too: U.S. President Biden nearly falls, an animated gif informs the exhilarated reader.

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Complete picture of Guanchazhe’s main page this morning GMT:

Link 1 (top section)

Link 2 (section 2)

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Related / Updates

Whereever, you need a test result, BBC, June 9, 22
Inflation isn’t the problem, income is, SCMP, June 9, 22
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Tuesday, March 22, 2022

Food Security: Dmytro Kuleba addresses Asia

The following is an excerpt from Radio Ukraine’s early-morning news in English at 01:00 UTC on 1278 kHz medium wave.
Reception was patchy, and my transcription therefore contains a few gaps. Comments and corrections are welcome.

Radio Ukraine International QSL card, around 2016*)

Radio Ukraine International QSL card, around 2016*)

Russia’s war against Ukraine has already led to unprecedented price increase and …. for the word’s food trade. Russia’s invasion will not only affect prices, but also future harvests. It applies not just to wheat but to other grains as well. For the last couple of years, the Ukrainian export of corn has significantly grown. The country is the fourth-largest exporter and … for sixteen percent of the world corn trade. Ukraine is also the world’s largest exporter of [seed] oil. Foreign minister Dmytro Kuleba comments:

“You will see the repercussions of this war because of the interrupted chains of supply of agricultural products from Ukraine. I may recall that 55 percent of sunflower oil on the global market is supplied from Ukraine. Every tenth loaf of bread in the Middle East, Asia, and Africa is made with use of Ukrainian wheat. We didn’t want this war. We want peace, we want to trade, we want to be a food guarantor for Asia, for all other parts of the world. We have but to achieve that to get back to the mountain – we have to stop Putin. And therefore I call all Asian nations to demand from Russia to stop this crazy war.”

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*) South East Asia DXing, March 5, 2016

Saturday, December 25, 2021

Russia in the Indo-Pacific

The following is a translation of an introduction by Radio Taiwan International’s (RTI) Mandarin program “Serving the People” (為人民服務), discussing Russia’s role in the region loosely defined as the “Indo-Pacific”.

russian_built_gepard_3_9_frigate_quang_trung

Russian-built Gepard 3.9 frigate Quang Trung,
public domain

Lu Ssu-pin (魯斯濱), a columnist on Russian military affairs, discusses Russia’s involvement in the Indo-Pacific, and especially its ties with ASEAN, in “Serving the People’s” December 23 edition. The discussion can be listened to there (button top right).

No great secrets are revealed there, but while Russia’s business in the region doesn’t go unreported by Western media, it may often be underestimated. This includes areas of conflict with China.

Ssu also touches on the revival of the Russian language in Vietnamese lesson plans. The numbers don’t look overwhelming, but according to Ssu, Russian technology (such as military technology or its Global Navigation Satellite System) can be rather well absorbed by ASEAN countries, and is affordable, while a lot of Western technology isn’t.

Main link:
Russia also gets involved in Indo-Pacific, Russia and China singing different tunes (俄羅斯也插手印太 俄中各唱各的調)

The statement issued on December 12 after the G7 foreign ministers’ meeting in Liverpool emphasized that the G7 member states wanted to establish an investment and trade circle democracies so as to respond to China’s coercive economic policies more unitedly. Russia was also warned not to rashly use force against Ukraine as [Moscow] would face serious economic costs. U.S. secretary of state Antony Blinken travelled right on for visits to Southeast Asia, with the clear intention to draw in allies to crowd around China.

12月12日在英國利物浦落幕的G7外長會議發表聲明,強調G7成員國要在民主國家間建立投資圈經貿圈,以便團結應對中國的脅迫性經濟政策,而且還警告俄羅斯不要輕易對烏克蘭動武,否則將面對沉重經濟代價。美國國務卿布林肯在會後更直奔東南亞訪問,拉近盟友圍攏中國的意圖非常明顯。

This G7 foreign ministers’ meeting’s main emphasis appears to be on building a united front in response to China and Russia. However, if the Chinese friendship with Russia is what it appears to be is a different story. Concerning the South China Sea, for example, Russia’s approach is rather indistinct. It does, by no means, support China as imagined by the outside world when it comes to the South China Sea.

這次G7外長會議,統一陣線應對中國與俄國,顯然是最大重點。不過,中國與俄羅斯之間是否如表面的友好,又是另當別論。比方在南海,俄羅斯的態度就非常模糊,並不像外界所想像的那樣在南海事務上支持中國。

A confrontation erupted in waters disputed between China and Indonesia not long ago. Beijing accused Indonesia of building exploratory wellheads in oil and gas fields delimited by China. A Russian state-owned energy giant happens to be this oil and gas field’s owner1. Before that, Russia also helped Vietnam with oil and gas extraction work, among them some fields also delimited by China in accordance with its so-called nine-dash line2. This lead to Chinese dissatisfaction.

中國與印尼不久前在南海有爭議水域爆發爭執對峙。北京指責印尼在中國所劃定的海疆線內為一處油氣田區塊開鑿探井。俄羅斯國有能源巨頭恰好是這塊油氣田的所有人。而在印尼之前,俄羅斯也幫越南從事油氣開採,其中的一些油氣田區塊因為同樣位於中國所劃定的所謂「九段線」內而導致中國不滿。

All the same, Russia’s cooperation with Indonesia and Vietnam has continued.

儘管中國不滿,俄國與印尼和越南的能源合作一直在進行中 。

Also, early in December, ASEAN carried out the first joint maritime exercise with Russia. In the southeast Asian region As relations between the southeast Asian region and China continue to intensify, the question against who these may be directed is also up to the outside world’s imagination.

另外,12月初, 東南亞國家協會(ASEAN)也跟俄羅斯舉行了第一次聯合海上軍事演習。在東南亞地區和中國的緊張關係不斷升溫的同時,聯合軍演到底針對誰,也令外界有無限想像空間。

We have asked Lu Ssu-pin to discuss his observations with us.

今天節目我們請魯斯濱談談他的觀察。

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Notes

1     Zarubezhneft, according to reports
2     Wikipedia, accessed Dec 24

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Related

America, Japan: a more equal Relationship, May 22, 2016
Gas Deal, but no Military Alliance, May 23, 2014
“Like Polar Bears, no bit of humanity”, July 22, 2012
Indonesia-Russia Relations, Wikipedia
Russia-Vietnam Relations, Wikipedia
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Thursday, March 11, 2021

Earthly Miracles and Stable Expectations

Just a look at a few headlines, mostly “NPC”-session-related, more or less.

“On its own” – former East German SED paper “Junge Welt”
marvels at socialism with Chinese characteristics

1. Creating and overcoming poverty

Xi Jinping declared victory in the fight against poverty on December 4 last year, writes David Bandurski of the China Media Project (CMP), but also quotes voices that consider Xi’s declaration premature, based on previous “poverty creation”, and the “victory” itself to be possibly unsustainable.

It’s all about the Xi himself, CMP concludes, citing an example from China’s English-language propaganda, and the earthly miracles (人间奇迹) he is doing.

2. State Council’s economic policies

China’s authorities will stick to the “six stabilities” and “six guarantees”, and “put employment first”, chief state councillor Li Keqiang told an international press conference on Thursday afternoon local time. China’s “premiers” traditionally do Q &A with the press once a year, in the wake of the annual “National People’s Congress” sessions.

The “six stabilities” (六稳) include stable employment (稳就业), stable finance (稳金融), stable foreign trade (稳外贸), stable foreign investment (稳外资), stable investment (稳投资 – that would be domestic, it seems), and stable expectations (稳预期).

The “six guarantees” (六保) are about ensuring employment among residents (保居民就业), the people’s basic livelihood (保基本民生), the market as the main part (保市场主体), food and energy security (保粮食能源安全), supply chain stability (保产业链供应链稳定) and grassroots operations  (保基层运转, meaning authorities and measures taken at or near the grassroots level).

While the “six stabilities” state domestic and foreign investment all in a row, Li confirmed the main role for the “domestic cycle as the main body” (国内大循环为主体) of a “dual circulation” system as he answered a question from Singapore’s “Lianhe Zaobao” correspondent. Rather than committing China’s leadership, Li quoted an unspecified entrepreneur as saying that to grasp the domestic cycle meant to develop the domestic market further, and that to grasp the “dual circulation” meant to develop the international markets further, and both markets could still open access.

我在代表团讨论的时候,一位企业家说,抓住内循环就是要开拓国内市场,抓住双循环就是要开拓国际市场,两个市场还可以打通。他说得很朴实,但言简意赅。

3. Quote of the Month

Radio has no memory.

Except yours and mine. Just like Jonathan Marks, I taped many radio broadcasts, and occasionally, I’m digitalizing bits of it. Systematically, but very slowly. It’s going to take years.

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Monday, November 13, 2017

Cybercrime Report: “Major targets”

The following is a translation of an article by Xinhua newsagency. The cybercrime report reproduced by Xinhua on November 13 was apparently published nearly two weeks earlier, on November 1, with the keywords online fraud (网络诈骗), pretended moonlighting (虚假兼职), false shopping items (虚假购物), red envelopes (红包), finance (理财), cash returns (现返), and false identities (身份冒充).

While the reporting units are located in Beijing, the statistics refer to cases from all over China. According to the report, Guangdong, Shandong, Sichuan, Jiangsu, Henan, and Zhejiang provinces topped the list with 13.4%, 6.4%, 5.6%, 5.5%, 5.0%, and another 5.0% respectively.

Main Link: Men most easily fooled online, young users as fraudsters’ major targets

Xinhua Tianjin, Nov 13 2017 (Zhou Runjian reporting) — Online fraud reporting website Liewang’s1) “2017 third-quarter report on online fraud research” points out that there are more men than women among the victims of online fraud, especially men born from 1990 to 19992).

新华社天津11月13日电(记者周润健)国内网络诈骗信息举报平台——猎网平台最新发布的《2017年第三季度网络诈骗趋势研究报告》指出,在网络诈骗中,男性受害者占比大大高于女性,90后受害者最多。

The report says that among the accounts that reported cases, 67.4 percent were men, and 32.6 percent were women. However, men reported an average loss of 13.404 Yuan RMB, while women reported an average losso f 17.522 Yuan RMB.

报告指出,从报案用户的性别差异来看,男性受害者占比大大高于女性,分别占67.4%和32.6%;但从人均损失来看,男性为13404元,女性为17522元。

The report’s analysis says that in cyberlife, chances that women would be fooled are much smaller than with men, but that once women do trust a fraudster, they will frequently pay much more.

报告分析说,在网络生活中,女性的上当几率其实要比男性低得多,但女性一旦相信了骗子,往往会比男性付出更大的代价。

The report also points out that there are also significant differences between the occasions on which men and women are cheated. Those cheated in online gaming transactions, gambling, lotteries and establishing contacts, nearly 80 percent of those cheated are men, while most women become victims of refunding fraud and schemes that seem to offer moonlighting opportunities.

报告进一步指出,男性和女性在不同类型的网络诈骗中被骗几率也有明显不同。其中,在网游交易、赌博博彩、交友诈骗中,被骗的几乎80%都是男性,而退款诈骗、虚假兼职类诈骗是女性被骗比例最高的诈骗类型。

It is worth noting that there are also big differences in the ways men and women are cheated. Faked concurrent-job offers are the ones that most women are cheated with (28.3 percent), while the most frequent fraud reported by men is financial fraud (19.4 percent).

值得注意的是,男性和女性在被骗类型方面也有很大的区别。虚假兼职是女性被骗最多的类型,占比28.3%,男性被骗举报数量排名第一的是金融诈骗,占比为19.4%。

The report also says that 42.0 percent of online fraud victims are 1990ers, 29.7 percent are the second largest group with 29.7 percent, and 11.8 percent of the overall number are 1970ers with 11.8 percent. The specific age group focused on by online fraud are those aged between from 18 and to 31.

报告还指出,从被骗网民的年龄上看,90后的网络诈骗受害者占所有受害者总数的42.0%,其次是80后占比为29.7%,再次是70后占比为11.8%;从具体年龄上来看,18岁至31岁的人群是网络诈骗受害者最为集中的年龄段。

The report believes that young people with particular internet skills and extensive online time who, at the same time, lack sufficient social experience, are major targets and victims of online fraud.

报告认为,即具有一定的上网能力,上网时间较长,同时又缺乏足够社会经验的年轻人是网络诈骗的主要对象和主要受害人群。

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Notes

1) “Liewang” (“internet hunt”) is a cybercrime reporting website run by the “Beijing Alliance for Online Security and against Cybercrime”, which in turn is co-run by the Beijing Municipal Public Security Bureau (PBS) and Qihoo 360, an (apparently privately-owned) online security company.

2) 90后 (1990ers) refers to people born between January 1, 1990 and December 31, 1999

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Saturday, November 4, 2017

CNA: Zhu Rongji backs Xi Jinping Thoughts in rare public appearance

Main Link: Zhu Rongji backs Xi Jinping Thoughts in rare public appearance, CNA/RTI Taipei, Nov 4, 2017. Links within blockquotes added during translation.

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Former Chinese chief state councillor Zhu Rongji, who has rarely appeared publicly after his retirement, had a meeting with foreign guests on Monday afternoon (Oct 30), when he made a rare mention of politics, backing the Xi Jinping Thoughts, and expressing that this was the program of action in the CCP’s leadership of all of China.

自退休後便極少公開露面的前中國國務院總理朱鎔基10月30日下午會見外賓時,罕見提及政治議題,力挺習近平思想,並表示這是中共帶領全中國的「行動綱領」。

According to the official website of Tsinghua University’s School of Economics and Management, Zhu Rongji, in his capacity as the first dean who ever lead the school, met members of the School’s advisory board, including Apple CEO Tim Cook.

根據北京清華大學經濟管理學院官網公告,朱鎔基當天以首任院長身分在北京釣魚台國賓館會見蘋果執行長庫克(Tim Cook)在內的北京清華大學經濟管理學院顧問委員會委員。

Zhu Rongji said during the meeting that he had recently attended the CCP’s 19th National Congress. “This time’s congress took place at the stage of determining victory in the comprehensive building of a moderately well-off society. This important congress was held at a defining moment of the development of socialism with Chinese characteristics.”

朱鎔基在會中表示,自己日前作為特邀代表出席中國共產黨第19次全國代表大會。「這次大會是在中國全面建成小康社會決勝階段、中國特色社會主義發展關鍵時期召開的一次重要會議。」

He said that “a string of major achievements” had been made politically, theoretically and practically, that elections had produced “a new generation of central collective leaders with [comrade] Xi Jinping as the core”, and that “Xi Jinping’s major thoughts for a new era of socialism with Chinese characteristics” had been established.

他表示,大會在政治上、理論上、實踐上取得了「一系列重大成果」,選舉產生了「以習近平同志為核心的新一代中央領導集體;創立了習近平新時代中國特色社會主義思想」。

Zhu Rongji also mentioned that “Xi Jinping’s thoughts for the new era of socialism with Chinese characteristics are the most recent achievement of sinicization of Marxism, the political propaganda and guiding action principles of our party as it unitedly leads all nationalities into the new era and as it develops socialism with Chinese characteristcs.”

朱鎔基還提到「習近平新時代中國特色社會主義思想是馬克思主義中國化的最新成果,是我們黨團結帶領全國各族人民在新時代堅持和發展中國特色社會主義的政治宣言和行動綱領,必須長期堅持和不斷發展。」

Zhu Rongji lives a mostly secluded life after his retirement in 2003, and has made only very few public appearances. Mainland Chinese media also repeatedly reported that after retiring, Zhu Rongji had said that “without office and without planning politics, the most important principle is not to talk about work.” Zhu Rongji’s public discussion of political issues is really a rare sight.

朱鎔基自2003年卸任後便深居簡出,極少公開露面。中國大陸媒體也多次報導,朱鎔基退休後曾明確表示,「不在其位,不謀其政,最大的原則就是不談工作」。朱鎔基這次公開談論政治議題實屬罕見。

It is worth noting that according to a Xinhua newsagency report, CCP secretary general Xi Jinping also met members of the Tsinghua School of Economics and Management advisory board’s overseas members, and Chinese entrepreneurs who are also members, at the Great Hall of the People. Both meetings [with Zhu and Xi] even appeared to be accompanied by almost exactly the same staff.

值得注意的是,據新華社報導,中共總書記習近平當天也在北京人民大會堂會見北京清華經濟管理學院顧問委員會海外委員和中方企業家委員。連陪同會見的人員都幾乎一模一樣。

Among them were Chinese state council vice chief councillor Liu Yandong, Ma Kai, CPPCC vice chairman Chen Yuan, and [central] People’s Bank of China governor Zhou Xiaochuan. Only CCP general office director Ding Xuexiang was an additional participant in the meeting with Xi Jinping.

其中包括,中國國務院副總理劉延東、馬凱,全國政協副主席陳元、中國人民銀行行長周小川。習近平會見外賓時只多了中共中央辦公廳主任丁薛祥。

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Friday, April 1, 2016

Media Coverage on Ministry of Education’s (MoE) “Blue Book” on Returning Overseas Students and the Labor Market

The Chinese ministry of education (MoE) published a “blue book”, or a government report, on March 25, concerning overseas Chinese students returning to China, and looking for a job there. If Chinese press and government agency coverage on the report is something to go by, this is what the average academic returnee to the motherland looks like:

he is actually mostly a she (59.16 percent of the returnees are female), aged 23 to 33 (absolute average 27.04 yrs old), a masters student (80.7 percent), a postgraduate (9,49 percent), or an undergraduate / a student with a specialized subject (9.81 percent combined). If a postgraduate, his main fields should mainly be chemistry, material science, economics, electronics and electrical engineering, while the masters fields of study are somewhat more into the direction of finance, accounting, business management, management studies, or international business studies.

Statistics seem to suggest that there have been more returnees recently, than the 1978 to 2015 average numbers. Either way, the MoE’s Overseas Students’ Support Center deputy director Xu Peixiang (徐培祥) is quoted as saying that some 70 to 80 percent of students, in recent years, have returned after their studies abroad.1)

97 percent of those who currently study abroad are doing so at their own expense, which appears plausible when looking at the total numbers. In 2015 alone, 523,700 students reportedly left for studies abroad, and 409,100 job-seeking overseas students returned to China that year. By comparison, 248 students left China for studies abroad in 1978, according to Xinhua newsagency.

Very rough calculations with many unknowns: given that 459,800 Chinese left China to study abroad in 2014, according to this government-agency news report, the average of students leaving in 2014 and 2015 combined would be (459,800 + 523,700)/2 = 491,750, and based on an average duration of 22 months (more precisely 21.47 months) of studies abroad among the 2015 returnees,  this would mean that about 901,542 Chinese students would currently be abroad.

Three percent of these would then not study at their own expense (or that of their parents, relatives, etc.). Some 27,000 of the 901,542 abroad would, based on my shoddy calculation, study with a government grant, a scholarship, etc.. And probably, very few, if any, among the 248 who went abroad in 1978, were self-paying students.

23.85 percent of the 2015 returnees have been looking for a job in state-owned companies, 19.4 percent prefer minban operations2), and foreign-invested enterprises, state institutions and financial institutions rank third, fourth and fifth, respectively, in the returnees search settings. Only 3.32 percent want to establish businesses of their own (one percentage point up, compared to the 2014 returnees).

When it comes to location and company types, the returnees haven’t necessarily followed their ideas of perfect companies and locations, but looked at some hard facts (and regulations), and have therefore looked for jobs that appeared to be closer within their reach. Either way, Beijing, Shanghai, Guangzhou and Shenzhen are still very popular destinations, with 49.34 percent indicating these goals, but this is said to be eight percentage points less than in 2013. This share is now basically focused on other provincial-capital-level cities.

Being in a position to pay for ones studies abroad doesn’t necessarily translate into perfect (or labour-market-oriented) choices, according to the news coverage. Qi Mo (齐默), head of the returnee office at the MoE, is quoted as stating “a certain blindness” in terms of how students (and their parents) are choosing fields of studies (or majors) and places (cities and universities) abroad. Hence, the MoE was trying to provide candidates for self-paid overseas studies, as well as their families, with information to support their choices, according to Qi.

It isn’t strongly highlighted in the news, but it becomes fairly evident that while Xu Peixiang points out how returning overseas students have become a group that receives great attention at our country’s market of talents, there may be particular challenges for returning overseas students, too. When a Xinhua article mentions measures like bases (or opportunities) for practical work as supportive measures for returnees to integrate into the labor market (this might also be translated as internship opportunities), you might suspect some frustration and trouble there. After all, such “opportunities” are hardly the financial return self-paying students (and their families and networks) would expect on their investment (or borrowings).

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Footnotes

1) According to statistics quoted in the Chinese press coverage on the MoE “blue book”, 4.04 million Chinese students have studied abroad from 1978 to 2015. 2.22 million of them have returned so far.

2) minban is a poorly defined term. There are, of course, many ways to find definitions anyway. Dorothy J Solinger, in “China’s Transition from Socialism”, first published in 1993, suggested that

there are three main types: those […] which are supposedly owned and managed by “people” (minyou-minban); those owned by the state but managed by “people” (guanyou-minban); and those jointly operated and owned by the state and the “people” (guanmingongyou).

And in 1999/2000, Guoqiang Tian, now a professor at Texas A & M University and in China, discussed in a paper on Property Rights and the Nature of Chinese Collective Enterprises why collective enterprises, especially township and village enterprises (TVEs) had – those sixteen years ago, anyway – developed more rapidly than privately owned enterprises, in China.

General note: I have no information about survey’s return rate among the former overseas students.

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Tuesday, February 2, 2016

“Internet Plus” Updates

As Chinese economic growth isn’t quite itself these days, the innovation buzzword keeps growing. State chief councillor Li Keqiang‘s Internet Plus action plan, described in some detail on March 5 last year in his work report to the Third Session of the 12th “National People’s Congress”, is being revived as a news item and covered here by the Washington Post. The article describes an internet town near Haikou as a place where little else can be done:

According to the local government, the Internet Town project will cover the entire Shishan township in 2018, with the completion of an online trading platform and an operation center as well as other facilities. The project will be a major engine for local growth, creating a new source of income for farmers along with the tourism industry that features volcanic tours.

Meantime, the English-language “Global Times” focuses on places where a lot of things that make sense could be done, and where a number of building owners (you can’t say landlord in China) fell for the business concepts of kids whose first profession was to be their daddies’ sons (reportedly, anyway), and who burnt their business war chests rather than using them mindfully. But obviously, the article is generally optimistic about a phoenix [that] will rise from the ashes of the first wave of China’s tech boom.

Chinese innovation may not be exactly what Japan’s industry is waiting for, but Chinese growth is. Ikuo Hirata, a columnist with a number of Japanese papers, suggests that Japan’s prime minister Shinzo Abe should stop counting on China’s economy as a booster for Abenomics, and that the government should lower its growth target.

Hirata also warns that

[w]hile working to reduce excess capacity in the steel and other traditional sectors, Chinese policymakers are also trying to help high-tech industries, such as robotics, sophisticated machine tools and aerospace, catch up with their rivals in advanced economies. The technological prowess of a country that has a successful manned space mission under its belt should not be underestimated.

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Related

» Traditional industries, new bones, April 17, 2015

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