China - Next STEP Global Conference 2023



Introduction:

China, officially known as the People’s Republic of China, is a country located in East Asia with a population of approximately 1.4 billion people. It is the world’s third-largest country in terms of land area, covering an area of 9.6 million square kilometers. China is home to 56 different ethnic groups, with the majority of the population being ethnic Han Chinese.

History:

China has a rich and complex history that dates back to over 5,000 years. The earliest evidence of Chinese civilization dates back to the Bronze Age, with the emergence of the Xia dynasty in 2070 BCE. The Xia dynasty was followed by the Shang dynasty, which ruled from 1600-1046 BCE. The Zhou dynasty then followed, ruling from 1046-256 BCE. It was during the Zhou dynasty that Confucianism and Taoism, two of China’s major religions, emerged.

China went through a period of disunity and chaos following the collapse of the Zhou dynasty. During the Warring States period, which lasted from 475-221 BCE, different states competed for dominance of China. This period of political fragmentation came to an end with the establishment of the Qin dynasty, which ruled from 221-206 BCE. The Qin dynasty was short-lived but had a significant impact on China, as it standardized weights and measures and introduced a uniform system of writing.

The Han dynasty, which followed the Qin, ruled from 206 BCE to 220 CE. It was during this time that the Silk Road, an important trade route linking China with the Mediterranean world, was established. The Han dynasty also introduced the examination system for selecting officials based on merit, which resulted in a highly educated bureaucratic class.

Dynasties continued to rise and fall over the centuries, with the Tang and Song dynasties being particularly important periods of trade, innovation, and cultural advancement. The Mongol invasion in the 13th century led to the establishment of the Yuan dynasty, followed by the Ming dynasty, which ruled from 1368-1644. The last imperial dynasty, the Qing dynasty, ruled from 1644-1912.

Modern China:

The 19th century saw the rise of imperialist powers seeking to expand their influence in China. In 1839, the Opium War broke out between China and Britain, resulting in China’s defeat and the forced opening of ports to British trade. This led to a series of unequal treaties with other Western powers and Japan, known as the “century of humiliation.”

The 20th century saw the collapse of the Qing dynasty and the establishment of the Republic of China in 1912. The country was ruled by the Nationalist Party, or Kuomintang, led by Sun Yat-sen. However, China was plagued by political instability and warlordism, which led to the Chinese Civil War in 1945.

The Communist Party of China, led by Mao Zedong, emerged victorious in 1949 and established the People’s Republic of China. Mao’s policies, including the Great Leap Forward and the Cultural Revolution, resulted in widespread famine, political persecution, and instability. Mao’s death in 1976 led to a period of reform and opening up under Deng Xiaoping, who introduced market-oriented economic policies and modernized China’s infrastructure.

Today, China is the world’s second-largest economy and has become a major player on the global stage. Its economic growth has lifted millions out of poverty and transformed China into a world power. However, China continues to face challenges, such as environmental degradation, corruption, and political repression.

Geography:

China is situated in East Asia and borders 14 countries, including Russia, India, and North Korea. It has a varied landscape, including high mountains, vast deserts, and fertile plains. The country is divided into 23 provinces, five autonomous regions, four municipalities, and two special administrative regions, Hong Kong and Macau.

The longest river in China is the Yangtze River, which runs for 6,300 kilometers and is the third-longest in the world. The country also has the unique geography of the Three Gorges Dam, which is the world’s largest hydroelectric dam and produces around 3% of China’s electricity.

Culture:

China has a rich and diverse culture, with a long history of art, literature, and philosophy. Traditional Chinese art includes calligraphy, painting, and ceramics, while Chinese literature includes works such as the classic novel Journey to the West and the poetry of Li Bai.

Chinese cuisine is highly varied, with different regional specialties and cooking styles. Popular dishes include Peking duck, dim sum, and hotpot. Chinese festivals and holidays, such as the Lunar New Year and the Mid-Autumn Festival, are important cultural events that are celebrated throughout the country.

The Chinese language is the most widely spoken language in the world, with over 1 billion speakers. Mandarin is the official language of China, but there are also many other dialects spoken throughout the country, such as Cantonese and Shanghainese.

Conclusion:

China has a rich and complex history, with a culture that has influenced the world for thousands of years. Today, China is a major player on the global stage and continues to experience rapid economic growth and development. However, the country also faces challenges, such as environmental degradation, political repression, and high levels of inequality. As China continues to evolve, its past, present, and future will continue to shape its role in the world.


Disclaimer
6do Encyclopedia represents the inaugural AI-driven knowledge repository, and we cordially invite all community users to collaborate and contribute to the enhancement of its accuracy and completeness.
Should you identify any inaccuracies or discrepancies, we respectfully request that you promptly bring these to our attention. Furthermore, you are encouraged to engage in dialogue with the 6do AI chatbot for clarifications.
Please be advised that when utilizing the resources provided by 6do Encyclopedia, users must exercise due care and diligence with respect to the information contained therein. We expressly disclaim any and all legal liabilities arising from the use of such content.

Supply chain managers in demand as businesses hit by shortages

Financial Times

23-05-15 04:20


The Covid-19 pandemic and geopolitical tensions have prompted businesses to hire more supply chain professionals, with US job postings for these positions on LinkedIn more than doubling between 2019 and 2022. UK vacancies for supply chain managers on jobs site Indeed rose 22% in the same period, outpacing an 8% increase in total advertised roles. Recruitment remains high, with increases of 36% and 54% in 2022 demand for supply chain managers compared with 2019 levels in the UK and US respectively. Experts warn of a shortage of skilled professionals in the field.

https://www.ft.com/content/37f898e5-7580-44a2-a204-72f9dc72b085
Appetite for geopolitical risk management is growing

Financial Times

23-05-15 04:20


Consultancy firms including Lazard, Ankura and Kissinger Associates are all opening up advisory services for institutions looking to evaluate geopolitical risk. Clients, watching US-China tensions and Russia’s invasion of Ukraine, are seeking services that offer geopolitical advice, as the need for businesses to better understand such risks is on the rise, with more people having access to information. Consultancies offer access to professionals with exceptional diplomatic, military or government backgrounds and provide relevant geopolitical risk-evaluation for clients as well as help them establish their own internal risk-evaluation units. However, issues around pricing exist with some branding the industry as having “a wild west approach".

https://www.ft.com/content/3989290b-c4d1-48dc-88f1-ca80e61c186f
What’s Joe Biden up to on his 8-day trip to the Asia-Pacific?

South China Morning Post

23-05-15 03:43


US President Joe Biden will begin an eight-day trip to the Indo-Pacific region this week, with visits planned to Singapore, Japan and Papua New Guinea. The US wants to show commitment to the Pacific region which has seen increased aid, development and security from China, as well as to strengthen bonds with long-standing allies. His administration has also recently opened embassies in the Solomon Islands and Tonga and plans to open one in Kiribati. Biden will also attend a meeting with Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida. US allies will be watching to see whether Biden can reassert US leadership in Asia and shore up comparisons with former President Donald Trump's isolationist policy to the region.

https://www.scmp.com/news/asia/article/3220558/whats-joe-biden-his-eight-day-trip-asia-pacific
Top Chinese envoy to visit Ukraine, Russia on 'peace' mission

Reuters

23-05-15 03:33


China's special envoy for Eurasian Affairs, Li Hui, is set to tour Ukraine as part of a wider trip to explore a peaceful resolution to the ongoing political crisis. Li Hui, a former ambassador to Russia, will also visit other European cities including Poland, France, and Germany. Li's visit is in contrast to China's prior silence on the conflict in the Ukraine, leading to criticisms over its lack of condemnation for Moscow. With Russia's annexation of the Crimean peninsula and subsequent claims of annexation for Ukrainian regions, the trip holds both political and military implications.

https://www.reuters.com/world/europe/top-chinese-envoy-visit-ukraine-russia-peace-mission-2023-05-15/
China sentences US citizen to life in prison for spying

Deutsche Welle

23-05-15 03:32


A 78-year-old US citizen, who was also a permanent resident of Hong Kong and a holder of a US passport, has been sentenced to life imprisonment for spying in China. John Shing-wan Leung was detained by the counterintelligence agency in Suzhou in April 2021. While the court announced his sentence, no details were given as to what he had been charged with. The relations between Washington and Beijing remain fraught with disputes over trade, technology, human rights and China's approach to territorial claims.

https://www.dw.com/en/china-sentences-us-citizen-to-life-in-prison-for-spying/a-65623281
Chinese Assessments of Countersanctions Strategies

CSIS

23-05-16 14:00


The CSIS Economics Program and Interpret: China project recently held a panel discussion on Chinese views of the effectiveness of economic sanctions imposed on Russia by the US and its allies in response to the Ukraine crisis. The panel discussed what strategies and approaches Beijing might develop to counter or circumvent similar US-led action in the future. The discussion was based on recently translated primary source documents and included experts from the Peterson Institute for International Economics, the School of Global Policy and Strategy at the University of California San Diego, and the International Institute for Strategic Studies.

https://www.csis.org/events/chinese-assessments-countersanctions-strategies
Strategic Trends 2023: Key Developments in Global Affairs

CSIS

23-05-16 13:00


The Center for Security Studies at ETH Zurich has released a new report titled "Strategic Trends 2023: Key Developments in Global Affairs", which covers Russia-China relations, US tech alliances, extended nuclear deterrence, and India's foreign policy. On May 16th, CSIS will hold a virtual discussion about the report, featuring speakers Brian Carlson, Nevine Schepers, and Boas Lieberherr from the Global Security Team at ETH Zurich, as well as Emily Harding, Senior Fellow and Deputy Director of the International Security Program at CSIS.

https://www.csis.org/events/strategic-trends-2023-key-developments-global-affairs
Dollar on back foot as U.S. default risk weighs

Reuters

23-05-16 01:49


Investors are concerned about the US dollar's potential default risk amidst a standoff between Democrats and Republicans. The dollar index, which measures the currency against a basket of six major peers, remained unchanged at 102.39 after sliding 0.26%, falling from its five-month high. The US borrowing limit has been brought to the forefront of investor worries, with a potential deadline of 1 June. The dollar had been boosted by safe-haven demand during a sluggish COVID-19 recovery in China and US consumer inflation expectations, which suggested a Federal Reserve rate hike in June.

https://www.reuters.com/markets/currencies/dollar-back-foot-us-default-risk-weighs-2023-05-16/
A barbecue frenzy is gripping China. Can street food revive the economy?

CNN

23-05-16 01:34


China is set to allow street peddlers to operate in many of its cities to try to revitalise the economy and tackle youth unemployment, which stood at 19.6% in March and is expected to worsen with a record 11.6 million college students expected to graduate this year. Several cities relaxed their rules on street selling this year, following on from a viral sensation featuring an outdoor barbecue in Zibo, a little-known city in China's Shandong province. CNBC said the trend revealed the Chinese leadership's struggle to tackle the country's economic challenges. Steve Tsang, director of the SOAS China Institute at the SOAS University of London said: "It does look like the Chinese leadership cannot find better ways to create employment and thus maintain stability and order than encouraging young people to be street vendors. For workers or graduates with skills for the digital era, taking on street vending is a sign of desperation rather than creative thinking."

https://edition.cnn.com/2023/05/15/economy/china-zibo-bbq-economy-intl-hnk/index.html
G7 host Japan seeks unity on threat from China

Financial Times

23-05-16 01:23


Japanese Prime Minister Fumio Kishida’s key aim during the annual G7 summit this weekend is to establish a united G7 response to China's military ambitions and "economic coercion," as the country continues to seek closer ties with NATO and imposes sanctions against Moscow as a result of the ongoing war in Ukraine. China’s interventionism has driven Japan to adopt a very cautious approach, revamping its military organisation and increasing security cooperation with nations in Southeast Asia and Europe. However, it is anticipated that the G7 will not agree on any specific new economic tools of security, and crucially, China will not be named in the statement. This widespread caucus approach aims to support countries being bullied by China rather than being completely focused on an offensive strategy. The EU, as well as other G7 members, remain very reluctant to adopt a more antagonistic stance, preferring to improve relations with emerging economies, particularly from Asia, Africa and South America.

https://www.ft.com/content/0998ac9a-58eb-44e2-b362-42cf5a0d468b
Chinese Assessments of Countersanctions Strategies

CSIS

23-05-16 14:00


The CSIS Economics Program and Interpret: China project recently held a panel discussion on Chinese views of the effectiveness of economic sanctions imposed on Russia by the US and its allies in response to the Ukraine crisis. The panel discussed what strategies and approaches Beijing might develop to counter or circumvent similar US-led action in the future. The discussion was based on recently translated primary source documents and included experts from the Peterson Institute for International Economics, the School of Global Policy and Strategy at the University of California San Diego, and the International Institute for Strategic Studies.

https://www.csis.org/events/chinese-assessments-countersanctions-strategies
Strategic Trends 2023: Key Developments in Global Affairs

CSIS

23-05-16 13:00


The Center for Security Studies at ETH Zurich has released a new report titled "Strategic Trends 2023: Key Developments in Global Affairs", which covers Russia-China relations, US tech alliances, extended nuclear deterrence, and India's foreign policy. On May 16th, CSIS will hold a virtual discussion about the report, featuring speakers Brian Carlson, Nevine Schepers, and Boas Lieberherr from the Global Security Team at ETH Zurich, as well as Emily Harding, Senior Fellow and Deputy Director of the International Security Program at CSIS.

https://www.csis.org/events/strategic-trends-2023-key-developments-global-affairs
Too much demand, not enough supply. Global airfares set to stay sky high into 2024

South China Morning Post

23-05-16 06:00


Air travel is becoming more expensive post-pandemic, with most regions affected. The Asia-Pacific area has seen the highest prices increases - up to 33% more than in 2019. Europe has seen a 12% increase, while North America is at 17%. The closure of airspaces, labor shortages, and rising fuel costs are all affecting the supply of seats and contributing to the price increases.

However, the demand for international travel is strong, so travelers on the higher end of the income spectrum are paying for the higher prices. Domestic tourism revenues have also jumped in China, surpassing pre-pandemic levels to 101% during a recent holiday period. China’s theme parks are also said to be bouncing back to pre-pandemic levels as pent-up travel demand sparks a tourism boom.

International airlines saw a plunge of just 12.4% in passenger numbers in Q1 of 2023 compared to Q1 of 2019, due to lingering concerns over Covid-19 and tensions with the US and Europe. Chinese island Hainan saw a return of interest in its high-end consumption market, with foreign brands flocking to catch the post-Covid economic recovery.


https://www.scmp.com/economy/global-economy/article/3220685/global-impact-demand-outstripping-supply-eager-travellers-have-their-wings-clipped-amid-post-covid

Salman Rushdie attacks ‘comical’ efforts to make James Bond politically correct

Telegraph

23-05-16 06:00


Salman Rushdie has criticised attempts by publishers to make books politically correct, as he received the Freedom to Publish award at the British Book Awards and warned of increased threats to freedom of expression and speech. Rushdie also criticised publishers who sought to edit the works of Roald Dahl and Ian Fleming, with his publisher commissioning sensitivity readers to review novels that depicted black characters in potentially offensive ways. Davina McCall's guide to the menopause won the Book of the Year prize, while Bonnie Garmus was named Author of the Year for Lessons in Chemistry.

https://www.telegraph.co.uk/news/2023/05/16/salman-rushdie-james-bond-politically-correct-roald-dahl/
Sweden’s move to block foreign investments worries businesses

South China Morning Post

23-05-16 05:51


The Swedish government is set to announce a proposal on parliamentary veto power over foreign investment, as part of a suite of moves that may face opposition from the local business lobby. SVT's report of Sweden having 1,500 Chinese-owned firms, including Volvo, has been highlighted in discussions on the upcoming legislation. The new measures will put Sweden closer in line to other European nations that already employ similar security provisions. However, critics predict that the new laws could create a negative impact on global trade and that too much bureaucratic red tape and investment hurdles may scare companies and investors away.

https://www.scmp.com/business/article/3220702/swedens-move-block-foreign-investments-worries-businesses
Chinese Assessments of Countersanctions Strategies

CSIS

23-05-16 14:00


The CSIS Economics Program and Interpret: China project recently held a panel discussion on Chinese views of the effectiveness of economic sanctions imposed on Russia by the US and its allies in response to the Ukraine crisis. The panel discussed what strategies and approaches Beijing might develop to counter or circumvent similar US-led action in the future. The discussion was based on recently translated primary source documents and included experts from the Peterson Institute for International Economics, the School of Global Policy and Strategy at the University of California San Diego, and the International Institute for Strategic Studies.

https://www.csis.org/events/chinese-assessments-countersanctions-strategies
Strategic Trends 2023: Key Developments in Global Affairs

CSIS

23-05-16 13:00


The Center for Security Studies at ETH Zurich has released a new report titled "Strategic Trends 2023: Key Developments in Global Affairs", which covers Russia-China relations, US tech alliances, extended nuclear deterrence, and India's foreign policy. On May 16th, CSIS will hold a virtual discussion about the report, featuring speakers Brian Carlson, Nevine Schepers, and Boas Lieberherr from the Global Security Team at ETH Zurich, as well as Emily Harding, Senior Fellow and Deputy Director of the International Security Program at CSIS.

https://www.csis.org/events/strategic-trends-2023-key-developments-global-affairs
Baidu charts an AI future after posting better-than-expected earnings

South China Morning Post

23-05-16 09:49


China's biggest search engine and AI innovator, Baidu, has released its Q1 results and beat revenue estimates by posting $4.5bn. Its net income reached ¥5.8bn for the period, compared to the first quarter of last year which made a loss of ¥885m. Although advertising accounted for the largest chunk of its sales revenue, Baidu has expressed that its future lies within AI and has developed its Ernie Bot to break into the market for AI-powered chatbots. Its competitors, Alibaba Group and Tencent Holdings, are also developing similar technologies to ChatGPT.

https://www.scmp.com/tech/big-tech/article/3220746/chinese-search-giant-baidu-reports-better-expected-earnings-it-refocuses-chatgpt-style-services
EU urged to crack down on sanctions-dodging India reselling Russian oil

South China Morning Post

23-05-16 09:43


The EU's foreign policy chief, Josep Borrell, has called for the EU to clamp down on the import of Russian oil resold by India as refined fuel; the diesel and petrol could be considered a circumvention of sanctions. The EU has already banned Russian oil orders, so access to cheap Russian crude has allowed Indian refineries to export refined products competitively to Europe and take a greater market share. According to ship-tracking data from Kpler, Reliance Industries and Nayara Energy were the key exporters of refined fuels and buyers of Russian oil.

https://www.scmp.com/news/world/europe/article/3220745/eus-borrell-urges-bloc-crack-down-imports-indian-fuels-made-russian-oil