China

Read about Chinese culture, government initiatives, and other insights.

CHINA NEWS

China’s Growth Rate: How bad is 6%?

China’s Growth Rate: How bad is 6%?

As you might have heard the economic growth of China is slowly stagnating. Where China’s growth rate used to  be around 10% in 2011, the current growth rate is at 6.3% in 2019. China has the 21st highest economic growth rate in the world. 6% might not sound like a...

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The March Towards a Cashless China

The March Towards a Cashless China

Although it is China who first introduced paper money to the world in the 9th century during the Tang Dynasty, cash is rapidly becoming a thing of the past in modern Chinese society. Whether it is paying for a ride cross town using Didi Chuxing (China’s equivalent of...

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The Race for 5G: China Is Winning

The Race for 5G: China Is Winning

Many countries have been in a race to be the first to commercially release 5G, the 5th generation of mobile internet. China is the one leading the charge of the race for 5G with a  network being released in late 2019 in some major cities. The rest of the country...

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Value Chains in Chengdu: An Economic Protection Strategy

Value Chains in Chengdu: An Economic Protection Strategy

Due to the continued pressure facing China’s business environment, the country now needs to ensure that it has a stronger immunity to external pressures. Here, we will address a strategic approach China can take for prolonged resilience with successful examples based...

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China’s Five-Year Plans: Predictions

China’s Five-Year Plans: Predictions

China’s Five-Year Plans are a series of five-year national development agendas focused on social and economic development. The first five-year plan was issued in 1953 during the regime of Chairman Mao Zedong and was influenced by the five-year plans of the Soviet...

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A Synopsis of the Belt and Road Initiative

A Synopsis of the Belt and Road Initiative

The Belt and Road Initiative (BRI) is an ambitious development strategy of the People's Republic of China involving many nations. President Xi Jinping first announced this “project of the century” in September and October of 2013 to strengthen cross-border trade among...

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What happened in the year 1421?

From 1421 to 1423, during the Ming Dynasty of China under Emperor Zhu Di (朱棣) the fleets of Admiral Zheng He (鄭和), commanded by the Chinese captains, discovered Australia, New Zealand, the Americas, Antarctica, the Northeast Passage; and circumnavigated Greenland.

Due to this endeavour we can conclude that “1421 is the year that the Chinese discover the world”.