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Chinese Universities Push Undergrads Towards Postgraduate Studies Despite Oversupply Concerns

In a surprising trend, Chinese universities are actively encouraging their undergraduate students to pursue postgraduate degrees, even as concerns mount over an oversupply of postgraduates and rising youth unemployment rates.

Recent reports indicate that several institutions across China have been holding “graduate school motivation meetings” aimed at inspiring students to apply for advanced degrees. This push comes despite a growing phenomenon where some universities are experiencing a “reversal,” with postgraduate students outnumbering undergraduates.

At Taizhou University’s Marxism School, officials emphasized that future secondary school teachers will primarily need postgraduate qualifications. Meanwhile, the School of Electrical Power at Shenyang Institute of Engineering urged students to consider postgraduate studies as a means to enhance their competitiveness in the job market.

Taking this trend a step further, the vice president of Shandong Taishan University called for mobilizing all undergraduate students to view postgraduate education as a significant opportunity for personal development. The university plans to create a “positive graduate school ecology” through various motivational activities and personalized guidance for aspiring postgraduate students.

To support this initiative, universities are offering an array of incentives, including financial aid, mentorship programs, specialized guidance, and improved study environments for those pursuing advanced degrees.

However, this aggressive promotion of postgraduate education raises questions about its long-term impact on China’s job market and educational landscape, particularly in light of the country’s already high youth unemployment rate and the existing oversupply of postgraduates in certain fields.

As this trend continues to unfold, it remains to be seen how it will affect China’s education system and labor market in the coming years.

Source: Central News Agency (Taiwan), September 22, 2024
https://www.cna.com.tw/news/acn/202409220178.aspx

Chinese Naval Ship Displays Cannons Near Malaysian Oil Platform

The Chinese Communist Party (CCP) uses its “Internet Army” to publish articles promoting its political positions. A recent article posted on Chinese platform Net Ease stated that a Chinese Frigate ship had recently intimidated Malaysia.

“There’s been another incident in the South China Sea, but this time it’s not the Philippines — it’s Malaysia.” The article stated that Malaysia had been “secretly engaged in ‘stealing oil’ in the South China Sea.”

“However, in Chinese waters, you can’t just do as you please,” the article said. “The People’s Liberation Army responded swiftly, dispatching a 1,000-ton 053H3-class frigate and Coast Guard vessels to the area, with the frigate’s main guns on display. This was China’s practical response: any actions that infringe on China’s rights in the South China Sea will be met with a strong counterattack.”

Source: Net Ease, September 19, 2024
https://www.163.com/dy/article/JCDVNPIR05568UZV.html

China’s Sees Lower-Than-Usual Mooncake Sales During Mid-Autumn Festival

The Mid-Autumn Festival is a Chinese festival where people celebrate by eating mooncakes. The holiday is usually China’s peak season for gift-giving. This year, the market for mooncakes in mainland China is particularly sluggish. According to the China Bakery and Confectionery Industry Association, mooncake sales are projected to decline by 2 billion yuan (US$ 280 million) compared to last year. Some market analysts have labeled this as the “coldest Mid-Autumn Festival in history.”

An article on Yahoo Finance listed three reasons for this to happen:

  1. With the mainland economy struggling, corporate gift-giving this year has completely dried out, especially in the four major “gift-giving industries”: real estate, construction, building materials, and finance. These sectors have realized that “relying on mooncake gifts isn’t bringing in business.”
  2. Family gift-giving has also decreased significantly due to reduced consumer spending power. In an environment of consumption downgrade, consumers are opting for lower-priced, homemade mooncakes with simpler packaging.
  3. Also young people are increasingly seeking healthier diets, and traditional mooncakes, which are high in oil and sugar, are viewed as unhealthy.

Source: Yahoo Finance, September 16, 2024
https://hk.finance.yahoo.com/news/史上最冷中秋?月餅滯銷-市場盤點三大終極原因-042821633.html

Chinese Ambassador to the U.S. Lays Down Four “Red Lines” That U.S. Should Not Cross

According to the website of the Chinese Embassy in the U.S., China’s Ambassador to the U.S. Xie Feng delivered a keynote speech at the Vision China event on Sep 12. He stated that China has drawn four “red lines” [that the U.S. should not cross]. These particularly sensitive areas for the CCP are:

  • Taiwan,
  • (China’s record on) democracy and human rights,
  • (China’s institutional) path and system, and
  • (China’s) right (to economic development).

Xie said that, among these, the Taiwan question is the “most paramount in China-US relations and must not be crossed.”

He stated that “the notion of ‘democracy versus authoritarianism’ is a fallacy. China’s political system and development path are non-negotiable, and the legitimate rights of the Chinese people to have a better life must not be deprived.”

Radio France International reported that Xie also remarked that the attempt to completely decouple China and the U.S. is a “fantasy,” and viewing each other as new Cold War rivals is the “greatest strategic misjudgment of the 21st century.” He warned that a conflict between China and the U.S. would be an “unbearable burden for the world.”

He stated that “no conflict, no confrontation” is the bottom line for both sides to uphold.

Source: Radio France Internation, September 13, 2024
https://www.rfi.fr/cn/中国/20240913-中国对美划出四道红线-台湾,人权,制度与发展权

Lianhe Zaobao: The Philippines Does Not Plan to Withdraw U.S. Typhon Missiles

According to Singapore’s primary Chinese language newspaper Lianhe Zaobao, Philippine International Security Advisor Eduardo Ano stated that The Philippines currently has no plans to withdraw the Typhon medium-range missile system deployed by the United States in the northern Philippines. He said the Philippine authorities plan to purchase medium-range missiles in the future and currently use the Typhon system for military training. Reuters also reported earlier that, although China clearly opposes the deployment of intermediate-range missile systems by the United States in the Philippines, the U.S. currently has no plans to immediately remove the Typhon system. Ano said there is no specific timetable, and the decision will be made by a panel of officials from the Philippines and the United States.

Satellite images show the Typhon system stays at Laoag International Airport in Ilocos Province, northern Philippines, close to the Taiwan Strait and facing the South China Sea. Ano said “we need to understand how to operate the system because we intend to purchase this type of equipment in the future.” China’s Foreign Ministry expressed serious concern earlier over the Philippines’ plan to maintain the Typhon system. Ano responded that: “we know what is in the best interests of the country and therefore no one has the right to dictate to us, especially when it comes to the deployment of missile launchers.”

In April, the US military deployed the latest land-based Typhon Weapons System the Philippines for military exercises with the Philippines. The system can be equipped with the Standard 6 Supersonic Missile with a range of 450 kilometers as well as the Tomahawk cruise missile with a maximum range of over 1,600 kilometers, which is enough to hit targets in China.

Source: Lianhe Zaobao, September 20, 2024
https://www.zaobao.com.sg/realtime/world/story20240920-4796861

India-Made iPhone 16 Set for Global Sales

Well-known Chinese news site Sina (NASDAQ: SINA) recently reported that India’s Minister of Electronics and Information Technology issued a statement saying Apple’s latest iPhone 16 will be produced in Indian factories and sold globally. Prime Minister Modi’s “Made in India” plan is currently promoting the creation of iconic products for the world. Apple has been working hard to move its supply chain to India. The Indian government is also encouraging more companies to manufacture locally in India, and has reduced the import tax on parts required for mobile phone production from 15 percent to 10 percent. Apple currently plans to produce more than 50 million iPhones in India this year, including the iPhone 15 and iPhone 16 series.

Previously, it was reported that the yield rate of Indian factories is only 50 percent, which is far from Apple’s standards, and the sanitary conditions of the manufacturing facilities are unqualified. However, Foxconn Chairman explained that the yield rate of iPhones produced in India is no different from that in China. The 50 percent yield rate refers to the production of iPhone cases manufactured in factories affiliated to the Tata Group, not the iPhone yield rate.

There are currently four foundries for the iPhone 16 series, namely Foxconn, Luxshare, Pegatron and Tata Group. Foxconn and Pegatron have factories in both China and India, while Luxshare only has factories in China and Tata only has factories in India. From the perspective of production location allocation, China and India already have a 1:1 ratio. However, as Apple requires Foxconn and other OEMs to invest in India, it is likely that by the time the iPhone 17 is released next year, India’s iPhone production capacity will surpass China’s.

Source: Sina, September 12, 2024
https://www.163.com/dy/article/JBSQMSK10511DG68.html

CNA: Poll Shows British People Don’t Trust China

Primary Taiwanese news agency Central News Agency (CNA) recently reported that independent and non-partisan British think tank British Foreign Policy Group just released its poll results on China. Overall, the British public has clear doubts about China.

About 71 percent of the British public do not trust China as a responsible international actor, and 43 percent support reducing dependence on Chinese technology and resources. Only 13 percent of British people support allowing Chinese technology companies (such as TikTok) to operate in the UK, and only eight percent support China developing infrastructure in the UK, including nuclear power plants and 5G telecommunications. Last year, 15 percent of British people believed it was necessary to cooperate with China in the fields of technology and infrastructure. However, 25 percent of British people aged 18 to 25 support allowing Chinese technology companies to operate in the UK.

Regarding the areas to be given priority in UK-China interaction, the results show that the British people believe that “seeking to reduce dependence on China’s technology and resources” is the most important. The second most important item is “seeking cooperation in addressing common global challenges such as climate change”. The third is “challenging China’s human rights record.”

In addition, 56 percent of British people believe that the UK should reduce trade with China.

Source: CNA, September 21, 2024
https://www.cna.com.tw/news/aopl/202409210003.aspx

Global Times: Saudi Arabia is Willing to “Try New Things” with China

Global Times recently reported that Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef said in a Hong Kong press interview that Saudi Arabia is “open to new ideas” including the use of Chinese currency RMB in cross-border crude oil transaction settlements, and is willing to cooperate with China to “try new things.” Alkhorayef also said that Saudi Arabia “welcomes Chinese companies to invest”, and “we try not to mix politics with business.”

Alkhorayef described Saudi Arabia’s “positive” view on using the “Petro-Yuan” instead of US dollar in transactions, but he did not give a specific timetable for the implementation. “From a commercial point of view, between suppliers and customers, I think such an arrangement can be realized according to the free will of both parties,” Alkhorayef continued, “this is not a problem that we look at from a policy point of view.” He looks forward to more cooperation with China, mainly in the form of Chinese investment, in areas such as metals, pharmaceuticals, smart cities, robotics and renewable energy. “We welcome Chinese companies to invest in electric vehicles too,” he added.

The Saudi industrial and mining delegation led by Alkhorayef visited China and Singapore from September 1st to 8th. Alkhorayef’s office said, “The goal of the delegation’s visit to China is to strengthen cooperation with China and make Saudi Arabia a key automotive center in the region.”

Source: Global Times, September 9, 2024
https://hqtime.huanqiu.com/article/4JN7P2H87FS