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China

China Watch: Aging Population, Baidu’s Big Profits

A daily list of the best of The Wall Street Journal’s China coverage and what the Journal’s reporters in China are reading and watching online. (NOTE: WSJ has not verified items in the ‘News Items’ section and does not vouch for their accuracy.) WSJ Highlights: News Items: Digging Deeper: Strong State: With Chinese state-owned companies already raking in profits, the Associated Press dissects a new government modernization plan that could spell even harder times for private companies. Bad to worse? The Los Angeles Times looks at a series of food scandals has shaken confidence in the government’s ability to make China’s meals safe and why things might deteriorate even further . Dirty dam: A new video from Asia Society’s China Green project documents the lives of workers tasked with cleaning up the mountains of floating garbage piling up behind the Three Gorges Dam. Crackdown Watch: “A Chinese critic”: In a scathing and eloquent response to the detention of artist Ai Weiwei, Australia National University’s Geremie Barme rejects arguments that Ai pandered to an international audience, recalls a meeting with Ai’s poet father and challenges the country’s “naughty but not dangerous” cultural icons to shake off their fear. Two types of protest: The FT’s Jamil Anderlini offers an compelling explanation for why authorities have detained Ai Weiwei while seeming to give into a protest by truckers in Shanghai. Answer: Mao’s Little Red Book . Just Because: – Josh Chin. Follow him on Twitter @joshchin

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A daily list of the best of The Wall Street Journal’s China coverage and what the Journal’s reporters in China are reading and watching online. (NOTE: WSJ has not verified items in the ‘News Items’ section and does not vouch for their accuracy.) WSJ Highlights: News Items: Digging Deeper: Strong State: With Chinese state-owned companies already raking in profits, the Associated Press dissects a new government modernization plan that could spell even harder times for private companies. Bad to worse? The Los Angeles Times looks at a series of food scandals has shaken confidence in the government’s ability to make China’s meals safe and why things might deteriorate even further . Dirty dam: A new video from Asia Society’s China Green project documents the lives of workers tasked with cleaning up the mountains of floating garbage piling up behind the Three Gorges Dam. Crackdown Watch: “A Chinese critic”: In a scathing and eloquent response to the detention of artist Ai Weiwei, Australia National University’s Geremie Barme rejects arguments that Ai pandered to an international audience, recalls a meeting with Ai’s poet father and challenges the country’s “naughty but not dangerous” cultural icons to shake off their fear. Two types of protest: The FT’s Jamil Anderlini offers an compelling explanation for why authorities have detained Ai Weiwei while seeming to give into a protest by truckers in Shanghai. Answer: Mao’s Little Red Book . Just Because: – Josh Chin. Follow him on Twitter @joshchin

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China Watch: Aging Population, Baidu’s Big Profits

Business

Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24

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Southern Sun reports increased earnings, attributed to growth in the hospitality sector, while China’s property market receives a boost, reflecting economic recovery and renewed investor confidence.


Southern Sun Earnings Surge

Southern Sun has reported a significant increase in its earnings, showcasing solid financial performance amid evolving market conditions. This growth highlights the company’s resilience and adaptability to changing consumer demands, positioning it well for future opportunities in the hospitality industry.

China’s Property Market Recovery

In a bid to rejuvenate its economy, China has introduced measures to boost its property market. These initiatives aim to stabilize real estate prices and encourage investment, which is crucial for maintaining economic momentum. The government’s commitment to supporting the sector reflects its understanding of the industry’s importance in overall economic health.

Broader Economic Implications

The rise in Southern Sun’s earnings and China’s proactive approach to revitalizing its property market indicate broader economic trends. Investors and stakeholders are keenly observing these developments, as they may signal recovery and growth opportunities in both the hospitality and real estate sectors. The collaboration between local businesses and governmental actions will be pivotal in shaping future economic landscapes.

Source : Business brief | Southern Sun sees earnings rise; China boosts its property market – News24

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China

Vietnam’s Approach to China: A Balance of Cooperation and Struggle

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Vietnam’s diplomatic strategy seeks a balance of cooperation and struggle with China, focusing on strengthening ties while resisting encroachments in the South China Sea through military enhancements and regional partnerships.


Vietnam’s Diplomatic Strategy

Vietnam’s diplomatic approach seeks to maintain a delicate balance between cooperation and struggle with China. While concerned about China’s growing influence, particularly in the South China Sea, Hanoi focuses on strengthening its economic and political ties. This effort involves military enhancements, fostering relationships with regional powers, and engaging in frequent political dialogues. By skillfully navigating relations with major powers, Vietnam aims to protect its sovereignty and foster stability amidst evolving geopolitical dynamics.

Recent Developments and Implications

Hanoi’s diplomatic maneuvering has drawn attention, particularly regarding key visits like Vietnamese Communist Party General Secretary To Lam’s August 2024 trip to China. Although there are apprehensions about a potential shift in Vietnam’s alignment due to To Lam’s background in public security and his anti-corruption initiatives, it is premature to predict any significant changes in policy. Vietnam’s leaders must continuously seek a balance between peaceful coexistence with China and safeguarding national sovereignty.

Economic Interdependence and Military Modernization

Vietnam’s strategy involves fostering economic interdependence with China while simultaneously resisting encroachments. This paradigm of “cooperation and struggle” enables Hanoi to cultivate beneficial ties in economic, political, and security domains. By leveraging its geographical advantage and connections, Vietnam enhances its economic ties while countering threats through military modernization and cooperation with regional partners. This nuanced approach allows Vietnam to welcome trade, particularly amidst shifting dynamics from the US-China trade war, ensuring continued foreign direct investment and growth in key sectors.

Source : Cooperation and struggle define Vietnam’s approach to China

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China

2025 Schedule of Public Holidays in China

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China’s 2025 public holiday schedule increases holidays by two days, with an 8-day Spring Festival and a 5-day Labor Day. Adjustments address public frustration, though long work periods persist. Notably, weekends are often designated as workdays to balance extended breaks.


China has released its 2025 Public Holiday schedule. Compared to 2024, the number of public holidays for all citizens has increased by two days, specifically for Lunar New Year’s Eve and May 2nd.

The announcement also clarifies the adjusted holiday arrangements, stating that the continuous work period before and after statutory holidays generally should not exceed six days, except for certain special circumstances.

According to the notice, in 2025, the Spring Festival will have an 8-day holiday, the Labor Day holiday will last 5 days, and the National Day and Mid-Autumn Festival will jointly have 8 days off.

China has long been considered one of the least generous countries in terms of public holidays. Additionally, people have expressed frustration over the complicated adjustments to holiday and working days that are meant to create longer breaks. The newly introduced changes are expected to address these concerns to some extent.

Beyond the newly introduced changes, China’s 2025 public holiday schedule still features two major week-long holidays: Spring Festival (also known as Chinese New Year) and the National Day holiday (often called ‘Golden Week’).

In 2025, the Spring Festival falls between January 28 and February 4, and the National Day holiday, together with the Mid-Autumn Festival, fall between October 1 and 8.

Foreign human resource managers should note that Saturdays and Sundays are often marked as additional official workdays in China to compensate for long holiday breaks. For example, January 26 (Sunday) and February 8 (Saturday) are designated as workdays to partially offset the eight days off for the Spring Festival.


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

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