Chang Che was The China Project’s Business & Technology staff writer. His work has been published in The Washington Post, The Atlantic, Foreign Affairs, Nikkei Asia, and The LA Review of Books. You can follow him on Twitter at @changxche.
Beijing’s campaign to tame the internet platforms doesn’t mean an aversion to digital technology. But the government wants technology deployed in the real economy, to make factories more efficient, and cities and villages better places to live.
As American universities reevaluate the role of Western classical education, Latin and Greek courses are proliferating in China, where students see the Classics as a wellspring of wisdom that remains relevant regardless of hemisphere.
The Beijing Olympics next month will be the first time that the digital yuan app will be available to foreigners, making this one of the first tests China must pass in its quest to globalize the currency.
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.
Jiuzhu Network Technology, a cloud computing and networking startup, has raised $40 million in an angel financing round on the back of growing demand for remote work.
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?
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.
At the heart of vocational education reform is also a grand experiment in social engineering.
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