China’s Cloud Providers Underlining New Development Logic
Today, global economic growth is increasingly relying on the power of digitalization. Fueled by the COVID-19 pandemic in 2020, the digital transformation process around the world has accelerated, which is conducive to the business growth of cloud service. In this context, China’s cloud computing industry should have moved forward rapidly, but the development of many Chinese cloud service companies slowed down in 2021. The market environment and regulation atmosphere are changing, and cloud providers must make new adjustments to their business models.
The gap between Chinese cloud vendors and overseas cloud providers has widened, which is reflected in market share and revenue growth. The development of China’s cloud and digital market is still in their early stages, and the market size and industry maturity still need to be further improved. Industry insiders claim, the development dilemma of China’s cloud companies is difficult to reverse in the short term and may last for more than two years.
Tsingshan Holding’s Way of Getting Funding Remains a Mystery
In early March, an international futures trading incident brought Tsingshan Holding, a Chinese nickel giant, to the public attention. Prior to this incident, little was known about the Fortune 500 company. Tsingshan Holding had been operating for nearly 30 years before it found its way to the Fortune Global 500 list. During this period, the Tsingshan Holding developed into a huge conglomerate which consists of five major groups and more than 500 subsidiaries. But the reason why such a large-scale enterprise group never attempted to acquire funding through going public remains a mystery?
The headquarters of Tsingshan Holding is in Wenzhou, but through investment and development in the stainless-steel industry and new energy industry, it has now become a global enterprise. The business has expanded to Indonesia, the United States, India and other countries. Despite its scale, none of the “Tsingshan” companies are listed on domestic or overseas capital markets.
World to Spend Billions on COVID-19 Vaccines
On April 2, 2022, a reporter from Caijing learned from the National Healthcare Security Administration that since the country pushed for free inoculation of the COVID-19 vaccine, the authorities, for the first time, managed to lower the purchase price of the vaccine to no more than 90 yuan one dose, and the National Healthcare Security Administration will continue to cut the price down. Recently, the administration negotiated with enterprises again, and the newly agreed price has been reduced to even lower, less than 20 yuan one dose.
As the producing capacity of vaccine manufacturers around the world expands, the price of the global vaccines has decreased too. China has administered 3.2 billion doses of the vaccine, costing more than 120 billion yuan. 11.34 billion doses of the vaccine have been administered worldwide. This massive free vaccination costs a lot of money. However, in the view of some countries’ finance ministers, the cost is insignificant compared to the financial losses caused by the pandemic.
Domestic Migration in China Shows New Trends
On April 2, Wuhan City announced new demographics: the permanent resident population reached 13.64 million at the end of 2021, an increase of 1.20 million over the end of the previous year. Wuhan will become the city with the largest increase in population in 2021. Under the general trend of zero growth, the pattern of people’s migration in the country is particularly worthy of attention.
From the statistics of 2021, with the continuous inflow of population in some cities, some other cities witnessed large-scale outflow. In addition to the provinces with net population growth such as Zhejiang and Guangdong, there are also some places with negative population growth. The trend of population development will largely affect future economic growth and balanced development of a city or a province. As for the destination of population flow, the Beijing-Tianjin-Hebei region deserves attention. Under the plan to relieve non-capital functions, although Beijing still has a strong attraction, its overall population is showing a small outflow trend.