With climbing college enrollment and a R&D staff exceeding 1.5 million, the nation is reforming its higher-education system, hiring practices and immigration regulations; encouraging cooperation with industry; developing new majors in the sciences in areas like alternative energies and new-materials engineering; and offering incentives for Chinese students who studied overseas to return home, report researchers Xu Liyan and Qiu Jing, Samsung Economic Research Institute.
“Plans are underway for 1200 education facilities – or ‘talent incubators’ – for training technicians to be built in major cities by 2020,” they report. The government is also funding initiatives to develop leaders in philosophy, social science, publishing, culture, the arts and heritage protection.
The goal is to transform Chinese firms into multinationals ranking among the world’s top companies and develop soft power. China and other nations must use care not to create an excess supply of talent amid a shortage of jobs, contributing to a lifetime of disappointment. – YaleGlobal
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.
In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.
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