As Some of China’s Economic Figures Look Bleak, New Boosting Measures are Kicking In
Some corporate executives told reporters from Caijing that many manufacturing businesses are now operating in difficulties and have insufficient funds to expand and reinvest. It is expected that these companies will reduce investment in the second half of the year. Currently the epidemic is still raging on. On the one hand, demand is declining, and on the other hand, the industry chain and logistics are blocked, resulting in a significant drop in sales. Weakening expectations of private sector has led to a decline in investment.
Although it is expected that the economy will be hit the hardest in the second quarter of this year, as the epidemic is put under control, production activities in Shanghai will gradually resume, which will create a better condition for the recovery of the national industry chain. Therefore, the economy will gradually recover in the future. As the country continues to strengthen policies to stabilize economic growth and infrastructure investment has grown steadily, it is expected that the scale of investment will increase soon.
China Will Remain the Top Sourcing Market for Western Companies, But Measures Need to be Taken to Prevent Global Supply Chain to Shift Away
Over the past two decades, China’s technology manufacturing industry has achieved impressive and rapid development. The booming electronics, computer and communications industries have spawned more than 800 A-share listed companies.
Today, similar situations are playing out in India, Vietnam and other places. Take the mobile phone industry as an example. China used to be the global mobile phone factory, but things are changing. The proportion of China’s cell phone production in the world has dropped from 75% in 2016 to 67.4% in 2021. At the same time, production in India and Vietnam has continued to rise. What needs to be clarified is that a number of experts who have been following the relocation of industry chains in India and Southeast Asia told Caijing reporters that the industry chain will not completely shift away from China. In the short term, the advantages of China as a sourcing market for western companies are unshakable, but there is an urgent need to deal with the potential threats from other markets.
Some China Concepts Stocks Face Potential Delisting From US. Exchanges
The government has recently made frequent statements on hot topics such as the healthy development of the digital economy and the platform economy. Chinese decision-makers also openly support the platform economy and digital economy to be listed overseas for funding. In the mean time, the authorities pledge to create a system and business environment that is stable, transparent which will facilitate fair competition and innovation. Such statements also bring hope to the China concepts stocks which were dragged into worrisome regulatory uncertainty.
For various reasons, over the past year or so, China concepts stocks have fallen into an unprecedented crisis. Among them, the most direct one is the possibility of being delisted from the US. stock market. The dark cloud of delisting is always looming over China concepts stocks. As a result, the progress of the negotiations between China and the United States will determine the fate of nearly 300 China concepts stocks listed in US. exchanges.
Worries of Ageism are Troubling Tech Workers in China
On the road to the age of 35, a considerable number of middle-aged people working in large Internet companies are desperately seeking for possibility of career transformation.
Beginning in 2015, the Internet industry in China was developing with a high degree of concentration. Large enterprises shifted from the internal research and development to the mode of mergers and acquisitions and investment. This trend has caused the work content of some large tech giants to become more standardized, systematic and repetitive. Therefore, in recent years, tech workers have increasingly realized that they cannot learn more skills. When they reach the age of 35, they face a major career crisis. Faced with such a situation, professionals in the workplace should build their core competitiveness in order to cope with possible career bumps.
