South China Morning Post (May 18)
“A surge in the number of Chinese professionals looking for emigration opportunities in response to China’s strict zero-Covid measures could affect the country’s ambitions to become a science and technology superpower.” The “noticeable spike” in interest in leaving China began after “outbreaks of the Omicron variant emerged in Shanghai” around the end of May.
Tags: Ambitions, China, Emigration, Omicron, Opportunities, Outbreaks, Professionals, Science, Spike, Strict, Superpower, Surge, Technology, Variant, Zero COVID
WARC (February 8)
“Despite the difficulty of putting on the games with a pandemic still raging and freezing conditions even by the standard of snow sports, success in the Winter Olympics is putting Chinese designed technology front and centre.” This provides an excellent stage to advance the country’s “Made in China 2025” strategic plan that is “designed to move the Chinese economy away from being a low-wage factory to the world and toward high tech, advanced design and manufacturing.”
Tags: “Made in China 2025”, Advance, Advanced design, Economy, Factory, Freezing, High-tech, Low wage, Manufacturing, Pandemic, Raging, Sports, Strategic plan, Success, Technology, Winter Olympics
Bloomberg (October 25)
“China’s economy risks slowing faster than global investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.”
Tags: China, Economy, Education, Investors, Power shortage, Real estate, Regulate, Reliance, Risks, Sectors, Slowing, Technology, Xi
Wall Street Journal (October 18)
“China’s economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous quarter’s 7.9% growth rate, as power shortages and supply-chain problems added to the impact from Beijing’s efforts to rein in the real estate and technology sectors.” A slowdown was expected, but results fell short of “the 5.1% growth forecast” economists provided last week.
Tags: Beijing, China, Economy, Forecast, Growth, Impact, Power shortages, Problems, Real estate, Slowdown, Supply chain, Technology
Bloomberg (December 4)
“Chinese scientists claim to have built a quantum computer that is able to perform certain computations nearly 100 trillion times faster than the world’s most advanced supercomputer, representing the first milestone in the country’s efforts to develop the technology.” This would be “exponentially faster than existing supercomputers.”
Tags: Advanced, China, Faster, Milestone, Quantum, Scientists, Supercomputer, Technology
Financial Times (July 22)
“As their booming share prices testify, technology groups have been brimming over with new business during the pandemic. For banks, there has been a special tech awakening…. After years of foot-dragging, many have been abandoning their cautious approach to cloud-based services and signing up with gusto to outsource their storage of data and other activities that demand high-intensity computing power.”
Tags: Awakening, Banks, Booming, Cautious, Cloud-based, Data, Foot-dragging, Outsource, Pandemic, Services, Share prices, Storage, Technology
New York Times (December 21)
The Twenty-Teens have “been fundamentally shaped by the technological creations of the young, in the form of social media and mobile apps; by the mass migrations of the young, from Africa and the Middle East to Europe and from Latin America to the U.S.; by the diseases of the (mostly) young, notably addiction and mental illness; and by the moral convictions of the young, from the #MeToo and Black Lives Matter movements in the U.S. to mass demonstrations from Cairo to Hong Kong.”
Tags: #MeToo, Addiction, Africa, Apps, Black Lives Matter, Cairo, Demonstrations, Diseases, Europe, Hong Kong, Latin America, Mental illness, Middle East, Migrations, Moral convictions, Movements, Social media, Technology, U.S., Young
South China Morning Post (June 3)
“US President Donald Trump’s trade wars have ‘progressed’ beyond the stage of simple tariff punches (painful though these can be) to attacks on the central nervous system of global technology trade networks—and that is going to be far more damaging to all concerned, including the US.”
Tags: Attacks, Damaging, Tariffs, Technology, Trade networks, Trade wars, Trump, US
The Economist (May 12)
SoftBank’s founder Masayoshi Son is now a contender for “the most influential person in technology.” His $100 billion Vision Fund is “gobbling up stakes in the world’s most exciting young companies…. disrupting both the industries in which it invests and other suppliers of capital…. Even if the fund ends up flopping, it will have several lasting effects on technology investing.”
Tags: Capital, Disrupting, Influential, Investing, Lasting effects, Masayoshi Son, SoftBank, Technology, Vision Fund
Financial Times (April 11)
“For decades, Japan has struggled to remove barriers to the growth of technology start-ups,” but risk aversion and social pressure caused job seekers to focus on established companies. “That may be changing” as economic stagnation “threatens lifetime employment at big companies. More young people are joining start-ups or even going freelance to enjoy flexibility in their working life. Part-time or contract workers now account for about 40 per cent of Japan’s workforce.”
Tags: Barriers, Contract, Established, Freelance, Japan, Jobs, Lifetime employment, Part-time, Risk, Start-ups, Technology, Workforce
