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Further high-level opening-up key to China’s economic growth amid uncertainty
It is time for China to further align its trade and investment rules with international common practice to build a better developed, more transparent regulatory framework.
TEST TRAPS
The cancelation of Advanced Placement (AP) exams in parts of China over pandemic restrictions has not only hindered overseas university hopefuls, but also increased anxieties among middle-class families already facing fierce competition and academic burnout
How China should address the high youth unemployment rate
The government must take a proactive approach to help young job seekers. First, the government could provide funds and subsidies and work with business sectors to provide internships and temporary jobs
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China needs to be prepared to deal with higher inflation in the second half of 2022
The Chinese yuan appreciated 11.3 percent from June 2020 to the end of 2021, which helped China offset the impact of rising commodity prices around the world. But in the two weeks between April 19 and May 5, 2022, the yuan devalued by 4.75 percent. As exchange rates continue to fluctuate, the risk of imported inflation remains
China needs to be creative in increasing the overall coverage of its pension system
In designing personal pension schemes, the government must seek to make innovative arrangements to expand the overall coverage of pension benefits
HIGH-TECH VOCATION
A private technology university aims to reverse the poor reputation of vocational education and introduce new training techniques, but it will need government support