Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
No other injuries reported following accident on southern island of Hainan
Military is currently intensifying training for pilots as it looks to strengthen capabilities
Mobile phone footage believed to be taken from the crash site. Photo: Handout
A Chinese navy plane crashed in Hainan province on Tuesday killing two crew members, the military said.
A short statement said the crash happened during a training exercise over rural Ledong county in the southern island province.
No one else was reported to have been injured after the plane hit the ground and the cause of the incident is being investigated.
Footage that purported to be taken from the crash site started circulating on social media after the accident.
The mobile phone footage, which news portal 163.com said was taken in Hainan, showed smoke rising from piles of wreckage next to a damaged water tower as bystanders gathered at the site.
Footage apparently taken at the crash site. Photo: Handout
The person who uploaded the footage said the plane had hit the water tower before crashing into the ground.
The PLA’s official statement did not specify the type plane that crashed, although unverified witness account online said it was a twin-seat Xian JH-7 “Flying Leopard”.
The JH-7, which entered service with the navy and air force in the 1990s, has been involved in a number of fatal accidents over the years.
The country’s worst military air accident in recent years happened in January 2018. At least 12 crew members died when a PLA Air Force plane, believed to be an electronic reconnaissance aircraft, crashed in Guizhou in the southwest of the country.
Between 2016 and 2017, there were at least four accidents involving the navy’s J-15 “Flying Sharks”, one of them resulting in the death of the pilot.
Military commentators have previously said that China’s drive to improve its combat readiness, which includes the building of new aircraft carriers and warplanes, has resulted in a serious shortage of qualified pilots.
To fill the vacancies the Chinese military has started a major recruitment drive and intensive training programme for pilot pilots.
One unverified report said the plane that crashed was a JH-7 “Flying Leopard”. Photo. Xinhua
Currently China has one aircraft carrier, the Liaoning, in service, which can carry a maximum of 24 J-15s as well as other aircraft.
Meanwhile, the new home-grown carrier Type 001A will soon be commissioned, which is designed to accommodate to carry eight more fighters.
In addition, construction is believed to have started on another carrier that will be able to carry heavier and more advanced warplanes.
According to figures from the end of 2016, there were only 25 pilots qualified to fly the J-15 while 12 others were in training.
Most of the Chinese navy’s pilots have been redeployed from the air force, which is itself in need of more trained pilots.
This year the navy for the first time began a nation-wide programme to scout out potential pilots.
Speaking on the sidelines of the ongoing legislative meeting in Beijing Feng Wei, a PLA pilot from the Western Theatre, said the military was currently intensifying its pilots’ training as increasing amounts of new equipment entered service.
“Personnel quality is the key to everything,” he added.
BEIJING, March 10 (Xinhua) — China has made substantial progress in renovating the dilapidated houses in rural areas, said the Ministry of Housing and Urban-Rural Development (MOHURD).
Over 6 million registered poor households have seen their dilapidated houses renovated since the country launched the “three tough battles” against major risks, poverty and pollution in November 2015, the MOHURD said.
In 2018 alone, 1.57 million registered rural poor households saw their dilapidated houses renovated, according to the National Bureau of Statistics.
China plans to renovate another 15 million units of shanty houses from 2018 to 2020 to speed up its urbanization drive and improve people’s livelihood.
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, joins deliberation with deputies from Fujian Province at the second session of the 13th National People’s Congress in Beijing, capital of China, March 10, 2019. (Xinhua/Li Xueren)
BEIJING, March 10 (Xinhua) — President Xi Jinping on Sunday afternoon joined deliberation with deputies from Fujian Province at the second session of the 13th National People’s Congress, China’s national legislature.
“[We] should create a favorable development environment for innovation, entrepreneurship and creativity,” said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.
China should seek momentum from reform and opening up, unleash to the maximum the whole society’s power for innovation, entrepreneurship and creativity, and keep improving the country’s influence and competitiveness in a world that is undergoing profound changes, Xi said.
Xi stressed creating favorable conditions for the development of small and medium-sized enterprises and young people, and establishing an acceleration mechanism for high-tech companies.
He urged solid implementation of the policies and measures to encourage, guide and support the development of the private sector.
Fujian must leverage the combined strengths of the special economic zone, pilot free trade zone, comprehensive experimental zone and the core zone of the 21st Century Maritime Silk Road, and keep exploring new approaches, Xi said.
Xi called for efforts to explore new ways for integrated development across the Taiwan Strait.
The two sides of the Taiwan Strait should enhance economic and trade cooperation, infrastructure connectivity, energy and resource exchanges, and shared industry standards, he said.
Cross-Strait cooperation and cultural exchanges should be strengthened, he added.
Xi stressed the importance of implementing the people-centered development concept in the work on Taiwan, urging efforts to benefit Taiwan compatriots in the same way as people on the mainland are served.
He encouraged listening to the voice of Taiwan compatriots and research on what other policies and measures can be introduced to bring them benefits.
Xi said that this year marks the 70th anniversary of the founding of New China, and it is necessary to ensure that no one in the country’s old revolutionary base areas falls behind in the process of building a moderately prosperous society in all respects.
He called for adherence to targeted poverty alleviation and efforts to identify the root causes of poverty to enhance the effectiveness of anti-poverty measures.
More efforts should be put into coordinating economic development with ecological protection, Xi said.
China’s Chang’e-4 lunar exploration mission was the first one to land on the far side of the moon – the side that’s not visible from earth – on January 3.
INDIAUpdated: Mar 11, 2019 13:47 IST
Sutirtho Patranobis
Hindustan Times, Beijing
The top space agencies – the China National Space Administration (CNSA) and Indian Space Research Organisation (ISRO) – confirmed the information but did not share details why the cooperation failed to take off.(Corbis via Getty Images)
A rare opportunity for India and China to cooperate in a high-profile space mission fell through after the two countries disagreed on the nature of the Indian payload to be carried on the Chang’e-4 lunar mission, it has emerged.
China’s Chang’e-4 lunar exploration mission was the first one to land on the far side of the moon – the side that’s not visible from earth – on January 3. Since landing, the mission has sent back stunning first-time images from the moon’s surface. It has been carrying out a series of scientific research tasks involving multiple countries and organisations.
China’s lunar exploration chief Wu Weiren called the mission a “huge stride” for China.
It could have been a breakthrough stride for Sino-India cooperation in space – both countries have successful space programs – as well had Chang’e-4 carried the Indian payload.
The top space agencies – the China National Space Administration (CNSA) and Indian Space Research Organisation (ISRO) – confirmed the information but did not share details why the cooperation failed to take off.
“In April 2015, Xu Dazhe, the incumbent administrator of CNSA wrote a letter to the heads of the world’s major space agencies, invited them to participate in the piggy-back cooperation of Chang’ e-4 mission, which received positive responses from more than a dozen national space agencies,” the Chinese agency told HT over email.
“China also received applications from India for the piggy-back cooperation. However, due to the different nature of the missions of the two sides, the Indian payload on Chang’ e-4 could not be carried through (after) the evaluation,” the agency said.
The payload in this context could have been a satellite or space probe equipment.
“No, we will not be able to comment on that … Yes, we will not comment on that,” an ISRO spokesperson said.
Several countries including Germany, Sweden, the Netherlands, and Russia have cooperated in the ongoing mission.
India and China formally established the Sino-Indian Joint Committee on Space Cooperation in 2015. In the same year, the first meeting of the joint committee was held in Beijing, and the outline of Sino-Indian space cooperation was signed.
“The outline includes 19 projects in seven areas: Remote sensing satellites, space-based meteorology, space science and lunar and deep space exploration, education and training, piggy-back launch services, satellite navigation, and space components,” CNSA said.
“The MoUs signed have provided a platform (for the two countries) to work but there is nothing as of now; all at dialogue stage. There are international forums where they are there and we are there but nothing (bilateral),” ISRO’s spokesperson said.
Last year, the then Indian ambassador to China Gautam Bambawale visited CNSA twice in half a year and exchanged views with Zhang Kejian, the CNSA head, on promoting Sino-Indian space cooperation.
“The two sides reviewed the course of Sino-Indian space cooperation in recent years, agreed to further promote the process of Sino-Indian space cooperation with an active and open attitude of cooperation, and agreed to convene the second meeting of the Sino-Indian Space Joint Committee in 2019,” CNSA said.
The Chinese space agency said it is open to cooperating with India.
“CNSA is open to international cooperation in lunar and deep space exploration… and international cooperation for a series of deep space exploration activities, such as Chang’ e 6 sampling return, the Mars exploration, and asteroid exploration, Jupiter galaxy, and planetary crossing exploration,” it said.
“We are willing to work hand in hand with space agencies, space institutions, and foreign space exploration enthusiasts to explore the mysteries of the universe.”
Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, joins deliberation with deputies from central China’s Henan Province at the second session of the 13th National People’s Congress in Beijing, capital of China, March 8, 2019. (Xinhua/Xie Huanchi)
BEIJING, March 8 (Xinhua) — Chinese President Xi Jinping on Friday called for more efforts to implement the rural revitalization strategy with the chief goal to modernize agriculture and rural areas.
“The top task for implementing the rural revitalization strategy is to ensure supply of important farm produce, grain in particular,” said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.
He made the remarks when joining deliberation with deputies from Henan Province at the second session of the 13th National People’s Congress, China’s national legislature.
Efforts should be made to promote the supply-side structural reform in the agricultural sector to achieve food security while building a modern and efficient agriculture, Xi added.
Xi also called for enhanced protection of agriculture ecological environment and prevention and treatment of pollution in rural areas.
Xi stressed strict penalties on crimes involving food safety so as to ensure safe farm produce for the public.
Efforts should be made to strengthen the leadership of grassroots Party units in the rural areas, Xi said, noting that the practices of rural residents’ self-governance should be further explored.
Xi also called for measures to promote two-way flow and equal exchange of factors, including human resources, lands and capital, between urban and rural areas.
“The task to eradicate extreme poverty must be fulfilled by 2020,” Xi stressed.
Implementation of the rural revitalization strategy and seeking progress in work related with agriculture, rural areas and farmers should be taken into consideration and promoted in the overall economic and social development, Xi said.
Li Keqiang, Wang Huning and Han Zheng — members of the Standing Committee of the Political Bureau of the CPC Central Committee — on Friday also separately joined deliberation with NPC deputies.
Premier Li Keqiang stressed building a business environment that is fair and convenient for enterprises under all forms of ownership, when joining a deliberation with deputies from Hubei Province.
He called for efforts to fully carry out the reforms of tax and fee cuts and further stimulate the market vitality.
Wang Huning, a member of the Secretariat of the CPC Central Committee, asked deputies from central China’s Hunan Province to take bigger steps in pushing forward high-quality development.
He also called for taking a people-centered approach to further live up to people’s new expectations for their cultural lives.
Joining the deliberation of the Beijing delegation, Vice Premier Han Zheng underlined deepening the coordinated development of the Beijing-Tianjin-Hebei region to further relieve Beijing of functions nonessential to its role as the capital.
The “ChinaSat 6C” satellite is launched by a Long March-3B carrier rocket from the Xichang Satellite Launch Center in southwest China’s Sichuan Province, March 10, 2019. It will provide high-quality radio and TV transmission services. (Xinhua/Guo Wenbin)
XICHANG, March 10 (Xinhua) — China Sunday sent a new communication satellite into orbit from the Xichang Satellite Launch Center in southwest China’s Sichuan Province.
The “ChinaSat 6C” satellite was launched at 0:28 a.m. Beijing Time by a Long March-3B carrier rocket. It will provide high-quality radio and TV transmission services.
The satellite has been sent to the geostationary orbit, and can cover China, Australia, New Zealand and the South Pacific island countries.
The satellite was developed by the China Academy of Space Technology, and will be operated by the China Satellite Communications Co., Ltd.
The launch marks the 300th mission of the Long March carrier rocket series developed by the China Aerospace Science and Technology Corporation.
WUHAN, March 9 (Xinhua) — The city of Wuhan, capital of central China’s Hubei Province, will invest 40 billion yuan (about 6 billion U.S. dollars) to provide key support to the development of high-tech infrastructure by 2022, local authorities said.
The province and its capital will forge ahead with high-tech industries by raising a 10-billion-yuan fund per year for major projects, platforms, industrial parks, equipment and talent teams, from 2019 to 2022.
So far, a research facility of precise gravity measurement, a national major science and technology infrastructure, is under construction in the Huazhong University of Science and Technology in Wuhan.
In the past few years, the city has completed a pulsed high magnetic field facility and opened China’s first national bio-safety level four lab, which requires the highest level of biological safety.
Wuhan will work with universities, institutes and enterprises to achieve great breakthroughs in various fields including integrated electromagnetic energy, optoelectronics, microelectronics, geomatics, and new materials, as well as build national laboratories.
Data released at the city’s science and technology conference for 2019 on Friday showed that the value added of the hi-tech industries in Wuhan exceeded 300 billion yuan last year, accounting for 20.56 percent of the city’s gross domestic product.
With 3,536 high-tech enterprises in total, the city is making efforts to build itself into a tech hub of the country.
Foreign lifestyle experiences are becoming more popular as citizens seek to escape pollution, food and medicine safety worries and authoritarian government controls
Citizens encountering more barriers to their dreams of travelling abroad, with severe limits on moving money overseas and restrictions on visiting foreign countries
Thailand, including the likes of Chiang Mai, the United States, Australia, Canada, New Zealand are popular destinations for Chinese families. Photo: Shutteratock
Xu Zhangle and her husband and their two children are a typical middle-class couple from Shenzhen, and along with 60 other Chinese families, they are going on an extended holiday to Thailand in July, where they hope to enjoy an immigrant-like life experience.
The family have paid a travel agent around 50,000 yuan (US$7,473) for the stay in Chiang Mai in the mountainous north of the country, including transport, a three-week summer camp for their daughters at a local international school, rent for a serviced apartment and daily expenses.
Zhangle loves Chiang Mai’s relaxed lifestyle and easy atmosphere and wants to live as a local for a month or even longer, instead of having to rush through a short-term holiday.
“It would not be just [tourist] travelling but rather a life away from the mainland.” she said.
Recently, upper middle-class citizens have increased their efforts to safeguard their wealth and achieve more freedom by spending more time abroad.
They have invested considerable amounts of money in overseas properties and applied for long-stay visas, although many of their attempts have ended in failure.
Chinese citizens are encountering more barriers to their dreams of travelling abroad, with severe limits on moving money overseas and restrictions on visiting foreign countries.
Still, growing anxieties about air pollution, food and medicine safety and an increasingly authoritarian political climate are pushing middle class families to look for new ways to circumvent the obstacles so they can live outside China.
Among the options, there is growing demand for sojourns abroad of a month or more, to enjoy a foreign lifestyle for a brief period to make up for the fact that their emigration dreams may have stalled.
“I think this is becoming a trend. Chinese middle-class families are facing increasing difficulties to emigrate and own homes overseas. On the other hand, they still yearn for more freedom, for a better quality of life than what is found in first-tier cities in China.
They are eager to seek alternatives to give themselves and their children a global lifestyle,” said Cai Mingdong, founder of Zhejiang Newway, an online tour and education operator in Ningbo, south of Shanghai.
“First, the availability of multiple-entry tourist visas and the sharp drop in air ticket prices have made it convenient and practical to stay abroad for from a few weeks to up to three months each year.”
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Now, many well-to-do Chinese middle class families can get a tourist visa for five or even 10 years that allows them to stay in a number of countries — including the United States, Australia, Canada, New Zealand and other Asian countries — for up to six months at a time.
“In 2011, a round-trip air ticket from Shanghai to New Zealand cost 14,000 yuan (US$2,000), but now is about 4,000 (US$598),” added Cai.
This opens up the possibility for many middle-class families who are not eligible to emigrate, to live abroad for short periods of time.
Many wealthy Chinese middle class families can get a tourist visa for five or even 10 years that allows them to stay in several countries including the United States, Australia, Canada, New Zealand and other Asian countries, for up to six months at a time. Photo: AP
Chinese tourists made more than 140 million trips outside the country in 2018, a 13.5 per cent increase from the previous year, spending an estimated US$120 billion, according to the China Tourism Academy, an official research institute under the Ministry of Culture and Tourism.
“In [the Thai cities of] Bangkok and Chiang Mai, there are more and more Chinese who stay there to experience the local lifestyle, which is different from theirs in China. The life there is very different from that in China,” said Owen Zhu, who now lives in the Bangkok condo he bought last year.
“The freedom, culture and community are diversified. The quality of air, food and services are much higher than in first-tier cities in China, but the prices are more affordable.
“In Bangkok, in many international apartment complexes where foreigners live, the monthly rent for a one-bedroom [apartment] is about 2,000 (US$298) to 3,000 yuan.”
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A one-bedroom apartment in Shenzhen in southern China is twice as expensive, with rents continuing to rise rapidly.
There are global goods, and it is easy to socialise with different people from around the world,” Zhu added
“Many Chinese people around me, really, come to Thailand to live for a while and go back to China, but then come back again after a few months.”
Both Cai and Zhu said they discovered the new phenomenon among China’s middle class and decided it was a business opportunity.
Growing anxieties about air pollution, food and medicine safety and an increasingly authoritarian political climate are pushing middle class families to look for new ways to circumvent the obstacles so they can live outside China. Photo: AP
Zhu is in the process of registering a company in Bangkok and plans to build an online platform to service the needs of Chinese citizens living abroad who do not own property or have immigration status, especially members of the LGBT community.
Cai said dozens of Chinese families in the Yangtze River Delta had paid him to send their children to schools in New Zealand or Europe for around three or four weeks in the middle of the school year, while the parents rent villas in the area, with New Zealand and Toronto in Canada among the most popular destinations.
Last year, Zheng Feng, a single mother and freelance writer from Beijing, rented a small villa in Australia for a month for them, a friend and their children to escape Beijing’s pollution and experience life overseas.
“To be honest, I don’t have enough money to invest in a property or a green card in Australia. But it’s very affordable for me and my son to pay about 30,000 yuan (US$4,484) to live abroad for one or two months.” Zheng said.
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Zheng will join the Xu family in Chiang Mai later this year and she is also planning a similar trip to England next year.
Zheng’s friend, Alice Yu, invested in an American EB-5 investor visa a few years ago, and plans to make one or two month-long trips abroad each year until her family is finally able to move to the United States.
Demand for the EB-5 investor visa in China seems to be waning given heightened uncertainty about the future of the programme and US immigration law in general under US President Donald Trump.
Approval for the visa can now take up to 10 years, resulting in a huge backlog that has further dampened interest and led to a significant dip in investment inflows into the US from foreign individuals.
A one-bedroom apartment in Bangkok can cost around bout 2,000 (US$298) to 3,000 yuan a month. Photo: AFP
“Maybe it will soon become standard for a real Chinese middle-class family to have the time and money to enjoy a long stay at a countryside villa overseas,” said Yu.
“Regardless of whether we can get a long-term visa for the United States, I want my children grow up in a global lifestyle and with more freedom than just growing up on the mainland. So do all wealthy and middle class Chinese families, I think.”
Karen Gao’s son started studying at an international school in Chiang Mai in June, at the cost of about 70,000 yuan (US$10,462) a year, after she quit her job as a public relations manager in Shenzhen and moved to Thailand on a tourist visa.
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“A few months each year for good air, good food and no censorship and internet control, but cheaper living costs compared to Beijing, it sounds like a really good deal to go,” said Gao, who has now been offered a guardian visa to accompany her son, who has already been given a student visa.
“In Shenzhen, I wasn’t able to get him into school because I had no [local] residence permit.
“It would be the best choice for us because we feel so uncertain and worried about investing and living in the mainland.”
Last year, Gao, like thousands of other private investors mostly middle class people living in first-tier cities, suffered significant losses when their investments in hotels and inns in Dali, Yunnan province, were demolished amid the local government’s campaign to curb pollution and improve the environment around Lake Erhai.
“We were robbed by the officials without proper compensation,” Gao said.
BEIJING (Reuters) – China’s central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February’s bank lending due to seasonal factors.
The central bank is widely expected to ease monetary policy further this year to encourage lending especially to small and private firms vital for growth and job creation.
The central bank’s “prudent” monetary policy will emphasize on counter-cyclical adjustments, said People’s Bank of China (PBOC) Governor Yi Gang, using a phrase that implies the need to fight an economic slowdown.
“The global economy still faces some downward pressure and China faces many risks and challenges in its economy and financial sector,” Yi said at a press conference on the sidelines of the country’s annual meeting of parliament.
There is still some room for the PBOC to cut reserve requirement ratios (RRRs), although the amount of room is less compared with a few years ago, Yi said.
The PBOC has cut the amount of cash that commercial banks need to set aside as reserves five times in the past year to spur lending to small businesses in the private sector. The RRR for big banks is now at 13.5 percent and the ratio for small- to medium-size banks is at 11.5 percent.
Yi said lending rates for small firms are still relatively elevated due to higher risk premiums and the central bank will forge ahead with reforms to lower such risk premiums.
High risk premiums on loans to small firms reflect commercial banks’ traditional reluctance to extend credit to the sector because of concerns about their creditworthiness.
PBOC data on Sunday showed new bank loans in China fell sharply in February from a record the previous month, but the drop was likely due to seasonal factors, while policymakers continue to press lenders to help cash-strapped firms stay afloat.
A pull-back in February’s tally had been widely expected as Chinese banks tend to front-load loans at the beginning of the year to get higher-quality customers and win market share.
Chinese banks made 885.8 billion yuan ($131.81 billion) in net new yuan loans in February, down sharply from a record 3.23 trillion yuan in January, when several other key credit gauges also picked up modestly in response to the central bank’s policy easing.
Yi said combined January-February new loans and total social financing (TSF), a broad measure of credit and liquidity in the economy, could paint a more accurate picture as they showed a rise of 374.8 billion yuan and 1.05 trillion yuan from a year earlier, respectively.
DEBT DEFAULTS
Analysts say China needs to revive weak credit growth to help head off a sharper economic slowdown this year, but investors are worried about a further jump in corporate debt and the risk to banks as they relax their lending standards.
Corporate bond defaults hit a record last year, while banks’ non-performing loan ratio notched a 10-year high.
Pan Gongsheng, a vice governor at the PBOC, told the same briefing that China will control the amount of bond defaults in 2019, using both legal and market means.
Pan conceded that bond defaults increased last year, but the level of defaults was not high compared with China’s average bad loan ratio.
Premier Li Keqiang told parliament on Tuesday that monetary policy would be “neither too tight nor too loose”. Li also pledged to push for market-based reforms to lower real interest rates.
Chinese policymakers have repeatedly vowed not to open the credit floodgates in an economy already saddled with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns.
Sources have told Reuters the central bank is not ready to cut benchmark interest rates just yet, but is likely to cut market-based rates.
Yi said the downward trend in TSF has been initially curbed and broad M2 money supply growth will be more or less in line with nominal gross domestic product growth in 2019, Yi added.
Central bank data showed growth of outstanding TSF, a rough gauge of broad credit conditions, slowed to 10.1 percent in February from January’s 10.4 percent, versus a record low of 9.8 percent in December.
M2 money supply grew 8.0 percent in February from a year earlier, missing forecasts, the central bank data showed. Yi said China’s macro leverage ratio, or the amount of debt relative to GDP, was at 249.4 percent at the end of 2018, a fall of 1.5 percentage points from a year earlier, Yi said.
Analysts note there is a time lag before a jump in lending will translate into growth, suggesting business conditions may get worse before they get better.
Most economists expect a rocky first half before conditions begin to stabilize around mid-year as support measures begin to have a greater impact.
China’s economic growth is expected to cool to around 6.2 percent this year, a 29-year low, according to Reuters polls.
Growth slowed to 6.6 percent last year, with domestic demand curbed by higher borrowing rates and tighter credit conditions and exporters hit by the escalating trade war with the United States.
FUZHOU, March 9 (Xinhua) — Youth-led startups in cultural and creative industries are adding new vitality to economic development in Quanzhou, a city which is more than 1,700 years old and has been a crucial hub of global maritime commerce for centuries.
In an active commercial area in urban Quanzhou, Fujian Province, one can hardly imagine a finely refurbished cluster of buildings — accommodating more than 6,000 young people with creative ideas — were once deserted plants built in the 1980s and 1990s.
“It was like an area totally forgotten by the city that was developing so well,” Zhang Shunan, one of the developers, recalled his amazement when he encountered the industrial heritage with some friends ten years ago. “We wanted to add value to it in the city’s economic growth process.”
With support from the local government, Zhang and his two friends led a group of young people to transform the space into a cultural and creative industrial park, known as Live SHOW Wonderland.
“Quanzhou has a strong base in the manufacturing industry, with many national brands and listed enterprises. But youth-led startups in the service industry have not sufficiently matched the city’s development,” said Zhang.
“We see this gap as an opportunity,” he said. “We want to gather them to play a role in the city’s industrial development.”
Zhang and his team founded Live Show Culture & Tourism Development Group, to take charge of the park’s management.
“We provide them with various support and services, such as helping enterprises deal with the government and other industries, and organize seminars and forums on entrepreneurship and creative industries,” said Wu Fong-yu, general manager of Live SHOW Wonderland.
Many startups draw inspiration from Quanzhou’s history and culture and provide services to enhance the city’s charm.
Quanzhou Film and Picture Center in the park is equipped with advanced studios and technologies to integrate the city’s images, catering to governmental and corporate needs to produce promotional videos.
“Quanzhou is a city of entrepreneurship,” said Wu, who was encouraged by the spirit of young urbanites. “Young people here act fast and have a strong will to cooperate.”
Yang Shufen, an illustrator who had been working for companies since she graduated, finally has her own studio and a chance to realize her dream.
“I’ve always wanted to integrate my paintings with local cultural elements into gadgets for daily use,” she said with a smile, hands softly stroking colorful silk scarves hanging in the studio. “Quanzhou embraces open ideas and has a long tradition of business engagement. Young people are brave enough to explore new things, but their minds are deeply attached to their hometown.”
CHINDIA ALERT: You'll be living in their world, very soon 