China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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17 articles matching the search query.
Benefits for rank and file staff, and salary cuts for executives at ecommerce giant JD.com
China’s second biggest ecommerce platform, JD.com, is lowering compensation for top managers and creating an enormous benefits package for regular staff in an apparent bid to align itself with government policies. But the move will only add uncertainty to the prospects for tech firms in China, and around the world.
November 22, 2022 Source: The China Project
What will happen to private tutoring? New Oriental’s 2022 game plan
New Oriental Education ($EDU), the largest Chinese tutor on the block, recently posted a year-end summary: Revenues in 2021 decreased by 80%; 60,000 employees were dismissed; and the company lost 20 billion yuan ($3 billion) through such expenses as tuition refunds and severance pay.
January 10, 2022 Source: The China Project
Where to invest in China’s ‘common prosperity’ age
Coal, real estate, gaming and social media all look to be on their way out in China. Who are the new economic winners in Xi Jinping’s common prosperity era?
January 5, 2022 Source: The China Project
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
January 5, 2022 Source: The China Project
The China Project 2022 Red Paper
We all read the headlines, but what really happened in China in 2021? And what’s on deck for 2022? This is our annual guide to the China issues we all need to know about.
December 22, 2021 Source: The China Project
Can vocational education help China navigate out of the middle-income trap?
At the heart of vocational education reform is also a grand experiment in social engineering.
December 22, 2021 Source: The China Project
Is 2022 the year of the ‘lazy economy’ and ‘internet cakes’?
A story from the The China Project A.M. newsletter. Sign up for free here.
December 21, 2021 Source: The China Project
Where should you put your money in Xi’s new China?
A story from the The China Project A.M. newsletter. Sign up for free here.
December 13, 2021 Source: The China Project
Chinese tech philanthropy in the age of ‘common prosperity’
In China, tech companies are facing particular pressure to showcase social responsibility. Xi Jinping acknowledged that the “new round of technological revolution and industrial transformation is giving a strong impetus to economic development.” However, he also pointed out that its negative effects on employment and income distribution need to be “effectively addressed and resolved.”
November 23, 2021 Source: The China Project
Next up on “common prosperity”: a data tax?
A story from the The China Project A.M. newsletter. Sign up for free here.
November 22, 2021 Source: The China Project
China’s Singles Day avoids the limelight
How to run an event centered around rampant consumerism in the age of “common prosperity.” This story is from the The China Project A.M. newsletter — sign up for free here.
November 12, 2021 Source: The China Project
Top Chinese executives offload shares before crunchtime
A story from the The China Project A.M. newsletter. Sign up for free here.
November 8, 2021 Source: The China Project
Editor’s note for Monday, October 18, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: The CCP schedules its next Central Committee plenum for November 8–11; Xi Jinping writes in Qiushi, the Party’s journal, about his ideas for “common prosperity.”
October 18, 2021 Source: The China Project
Elon Musk kisses the ring in China
A story from the The China Project A.M. newsletter. Sign up for free here.
September 27, 2021 Source: The China Project
The fall of the Evergrande boss
From ironworker to China’s richest man, Xu Jiayin personified the freewheeling, dealmaking China of former decades. But now he and his debt-ridden business empire must reckon with cooling growth, and a Chinese leader on a mission to root out decadence from society.
September 21, 2021 Source: The China Project
‘Common prosperity’ push is not a war on wealth, Chinese economists and officials say
Did Xi Jinping launch a war on wealth earlier this month when he complained of some people’s “excessively high incomes” and demanded measures to reduce inequality? “No,” say various experts with official ties, who say the government is not planning to rob the rich.
August 26, 2021 Source: The China Project
Does ‘common prosperity’ mean the end of capitalism in China?
A new Xi Jinping buzzword about economic equality has stirred internet giant Tencent to immediate action. Other companies will no doubt follow swiftly, as China’s ultra wealthy face a new, hostile reality.
August 18, 2021 Source: The China Project