Alex Lew: 2023-04-30

Understanding Internet Addiction Among Elderly People in China: Root Causes and Potential Social Impacts

Source from 中国日报

Introduction

Internet addiction among older people in China has become a growing concern recently. As China’s population ages, more and more older people are turning to the Internet as a source of entertainment and social interaction. However, excessive internet use can negatively affect physical and mental health, leading to social isolation and other social issues. Understanding the root causes of this phenomenon and its potential social impacts is essential.

Current Situation

According to a report by mobile content aggregator Qutoutiao, 38.6% of people aged 60 or older in China were internet users, and around 0.2% of them spend at least 10 hours a day online. Excessive internet use can lead to health problems such as insomnia and depression, which are particularly common among older adults. Social consequences of internet addiction among older people include increased isolation and disconnection from family and friends.

The Root Reasons for the Current Situation

Loneliness and lack of social support can make older adults more susceptible to internet addiction. For example, older adults living alone or with limited social networks may use the Internet to alleviate loneliness or boredom.

The influence of digital technologies and social media can also contribute to internet addiction among older people in China. For instance, using social media platforms may create a sense of social pressure or FOMO (fear of missing out) among older adults who feel compelled to stay connected with friends and family online.

Broader social and economic changes in China, such as the rise of the “silver economy” and the increasing importance of digital technologies in healthcare and social services, may also contribute to internet addiction among elderly people. For example, older people who rely on digital technologies for healthcare or social services may be more likely to use the Internet excessively.

Potential Social Issues

Decreased social participation is one potential social issue arising from internet addiction among older adults in China. Excessive internet use can lead to decreased face-to-face interactions and social activities, leading to isolation and loneliness.

Increased healthcare costs are another potential consequence of internet addiction among elderly people. Excessive internet use can lead to various health problems, such as insomnia and depression, that may require medical attention.

The strain on family and caregiver relationships is a third potential social issue. Internet addiction can create tension and conflict within families and between caregivers and their elderly charges, particularly if excessive internet use interferes with daily activities or responsibilities.

Finally, internet addiction among older adults can make them more vulnerable to online scams and fraud. Older adults may be targeted by scammers who use the Internet to gain access to personal information or financial resources.

By addressing these root causes and potential social issues, we can work together to find solutions that promote healthy ageing and social connectedness for all members of our society.

Reference

[1] “Internet Use by China’s Elderly: Report.” China Daily. https://global.chinadaily.com.cn/a/202109/24/WS614d233fa310cdd39bc6b2b5.html.

[2] Yan, Wei. “The Social Impact of Digital Technologies on Chinese Society.” East Asia Forum. https://www.eastasiaforum.org/2018/02/26/the-social-impact-of-digital-technologies-on-chinese-society/.

[3] Zuo, Yuting. “Digitalisation of Healthcare and Senior Care in China.” E3 Magazine International. https://e3zine.com/digitalisation-of-healthcare-and-senior-care-in-china/.

[4] Liu, Jinyu, et al. “Internet Addiction and Loneliness Among Chinese Elderly Adults: A Moderated Mediation Model.” Frontiers in Psychology, vol. 12, 2021. https://www.frontiersin.org/articles/10.3389/fpsyg.2021.749092/full.

[5] China News Service. “Internet Addiction Among Elderly: Loneliness Causes Them to ‘Fall into the Net’.” Global Times. https://www.globaltimes.cn/content/1262052.shtml.

Navigating the Impact of Foreign Company Relocations in China

Apple Store in Shanghai/rfa

The news of foreign companies relocating out of China has been making headlines recently, but the situation may not be as widespread as it seems. German companies invested a record 11.5 billion euros ($12.6 billion) in China last year, indicating that some foreign companies are still keen on expanding their presence there. However, China must acknowledge that such relocations will have far-reaching effects, particularly in the electronics and semiconductor industries. To address this issue effectively, the country should seize many opportunities to minimize the adverse effects.

Facing the Reality

China must first understand their reasons for mitigating the impact of foreign company relocations. Most multinational corporations want to stay in China, as the country offers an enormous market, a vast pool of engineering talent, abundant capital, and active demand. It also provides greater efficiency than its rivals. However, some companies may be forced to relocate due to external pressures such as political sanctions and heavy tariffs.

Bridging the Gaps

Although Southeast Asia and Mexico lag far behind China regarding the quality of their infrastructure, electricity supply, and labour relations, recent developments suggest that these gaps can be bridged. For example, in recent years, India has invested heavily in railway construction to improve its train system. Vietnam has also been constructing numerous power plants to boost its electricity supply. Thus, unfavourable conditions can be resolved, as China did during its economic reform and opening-up period.

Maintaining Connections

Although some foreign companies are shifting operations out of China, most opt to maintain connections rather than sever ties. Large factories have adopted a “China+1” approach, which means preserving adequate capacity in the country to serve the Chinese market while relocating their other operations. Meanwhile, those with a limited market share in China might consider withdrawing completely. Keeping part of their operations and supply chains in China gives companies greater flexibility in the future. They can sustain a presence in the market and quickly expand if needed in the future.

Opportunities for Growth

Despite the challenges posed by foreign company relocations, there are still opportunities for growth in China. For example, the country can promote innovation and technology to attract foreign investment. It can also promote financial inclusion and support the development of digital banking to reach underserved populations. By doing so, China can expand its reach and serve new customers, mitigating the impact of foreign company relocations.

Backlinks

“美媒：在华外企频传遭突击搜查五天近32亿美元外资撤离”, Zaobao, 29 Apr 2023, https://www.zaobao.com.sg/realtime/china/story20230429-1388709

“Opinion: How to Minimize the Damage When Foreign Firms Leave China”, Caixin Global, 01 May 2023, https://www.caixinglobal.com/2023-05-01/opinion-how-to-minimize-the-damage-when-foreign-firms-leave-china-102041183.html

“Foreign tech companies moving out of China, can India seize the opportunity?”, Bizz Buzz, 5 Jan 2023, https://www.bizzbuzz.news/eco-buzz/foreign-tech-companies-moving-out-of-china-can-india-seize-the-opportunity-1189506

The State of Digital Banking in China: A Look at MYbank and WeBank

Source from vtv.vn

Digital banking has been rising in China, with MYbank and WeBank leading as two of the country's first privately funded internet-only banks. Backed by Ant Group and Tencent Holdings, these banks have leveraged their parent companies' massive user bases to expand their reach and offer innovative financial products and services to consumers and small and micro enterprises. However, recent reports have shown that MYbank and WeBank are experiencing some challenges, including a rise in bad loans and slower growth of their balance sheets. In this article, we will take a closer look at the state of digital banking in China through the lens of MYbank and WeBank, examining their current challenges and opportunities for growth.

MYbank: Rising Bad Loans and Slower Growth

MYbank, which is 30% owned by Ant Group, reported a rise in its nonperforming loan (NPL) ratio for 2022, which was 1.94%, up 0.41 a percentage point from the previous year. While this increase was within expectations, it reflects measures taken to help small and micro enterprises offset the impact of the pandemic last year. Despite the rise in bad loans, MYbank still posted higher profits and healthy liquidity metrics, indicating that the bank is still in good shape.

One of the challenges facing MYbank is the slower growth of its balance sheet. The bank's total assets increased by only 9.7% in 2022, compared to 25.5% in the previous year. This slower growth is likely due to increased competition in digital banking and a more cautious lending environment in China. However, MYbank has maintained a healthy capital adequacy ratio (CAR) of 17.2%, which is well above the regulatory requirement of 10.5%.

Despite these challenges, MYbank has continued to innovate and expand its product offerings. In 2022, the bank launched a new product called "MYbank Business Credit," which provides small and micro enterprises with a credit line of up to RMB 5 million (US$780,000) that can be used for working capital, capital expenditures and other business needs. This product has been well-received by customers, with over 80% of the credit line already being used.

WeBank: Similar Challenges, Different Approach

WeBank, which is 30% owned by Tencent Holdings, has also reported a rise in its NPL ratio for 2022, which was 1.47%, up 0.27 percentage points from the previous year. While this increase is lower than MYbank, it still indicates that the bank is facing similar challenges in terms of credit risk. However, WeBank has also posted higher profits and healthy liquidity metrics, suggesting that the bank is still performing well overall.

Like MYbank, WeBank has also experienced slower growth of its balance sheet, with total assets increasing by only 9.7% in 2022, compared to an increase of 20.1% in the previous year. However, WeBank has taken a different approach to addressing this challenge. Rather than focusing solely on lending to small and micro enterprises, WeBank has expanded its product offerings to include wealth management and insurance products, which have helped to diversify its revenue streams and mitigate the impact of slower loan growth.

One of WeBank's most innovative products is its "WeSure" platform, which offers consumers a range of insurance products, including travel, health, and pet insurance. This platform leverages Tencent's massive user base to reach a wider audience and has attracted new customers to the bank. In addition, WeBank has also launched a new product called "Wealth Management Connect," which allows customers to invest in wealth management products offered by banks in both mainland China and Hong Kong. This product has been well-received by customers, with over RMB 1 billion (US$156 million) invested in the first month of its launch.

Opportunities for Growth

Despite the challenges facing MYbank and WeBank, there are still opportunities for growth in the digital banking space in China. One of the most significant opportunities is the increasing demand for digital financial services among consumers and small and micro enterprises. As more people in China become comfortable using digital platforms for financial transactions, the need for digital banking services will likely grow.

Another opportunity for growth is the increasing focus on financial inclusion in China. Digital banks like MYbank and WeBank have reached underserved populations in China, such as small and micro enterprises and rural residents, who may not have had access to traditional banking services. As the Chinese government continues to promote financial inclusion and support the growth of digital banking, these banks will have more opportunities to expand their reach and serve new customers.

Backlinks

“疫情冲击下网商和微众银行2022年不良率上升、资产负债扩张放缓”, Caixin, 30 Apr 2023, https://finance.caixin.com/2023-04-30/102041630.html

"Top Chinese Digital Banks Report More Bad Loans but Higher Earnings", Caixin, 03 May 2023, https://www.caixinglobal.com/2023-05-03/top-chinese-digital-banks-report-more-bad-loans-but-higher-earnings-102041890.html

“微众银行年营收354亿：税收贡献近50亿腾讯持股33%”, Sohu News, 16 Apr 2023, https://www.sohu.com/a/667151401_430392

Outrageous Demand: Over 780,000 Apply for H1B Visas, With Only a 15% Acceptance Rate

The number of H1B visa applications has dramatically increased this year, with applications rising from 480,000 to 780,000 in just one year due to the hyper-growth of technology companies in 2021–22. The acceptance rate for H1B visas is now less than 15%, which is worrying.

Leading Firm and Trump Administration’s Effect

Leading the pack, Indian consulting firm ICC has submitted 400,000 applications on behalf of 96,000 people, which equates to each individual having raised more than four applications. The fall in applications between 2018 and 2019 was mainly due to the Trump administration’s strict scrutiny of company qualifications and professional matching. This led to a significant reduction in ICC’s applications and numerous false negatives.

Demand for High-Skilled Workers and Need for Visa System Reform

Removing the multiple applications, almost 500,000 people have applied for H1B visas this year. The demand for high-skilled workers in the tech industry is apparent, and it is high time that the U.S. visa system is reformed. Either the number of visa quotas should be increased, or the abuse of the visa system should be prevented, such as outsourcing firms obtaining over 50% of H1B visas by paying workers the minimum wage, for example, $80,000, which is entirely unchecked and only exacerbating the problem.

Historical Context of the H1B Visa System

Those who graduated before 2015 will need help understanding what it is like to experience the current situation of 780,000 H1B visa applications competing for 85,000 spots through the lottery-based system. It is akin to the difficulty of finding employment during the financial crisis in the early 2000s or even the mid-90s when only 115,000 H1B visas were issued yearly, which is insurmountable if quotas remain the same as they have done for over two decades.

The current political polarisation over illegal immigrant issues will likely make resolving the visa situation in the short term challenging.

Backlinks

“US H-1B Visa Lottery System Resulted In Abuse, Fraud, Says Federal Agency”, NDTV, 29 Apr 2023, https://www.ndtv.com/world-news/us-h-1b-visa-lottery-system-resulted-in-abuse-fraud-says-federal-agency-3989714

“H-1B fraud: Here’s how consultancies scam applicants without real job offers”, mint, 1 May 2023, https://www.livemint.com/news/world/h1b-fraud-heres-how-consultancies-scam-applicants-without-real-job-offers-11682911688723.html

“Tech companies accused of gaming the H-1B lottery system”, CBS News, 28 Apr 2023, https://www.cbsnews.com/news/tech-companies-accused-of-gaming-the-h-1b-lottery-system/

The Rise of Paid Study Spaces: Understanding the Trend of “Buying Discipline”

In recent years, paid study spaces have become increasingly popular among young people in China. From large cities to small towns, these spaces offer a quiet and focused environment for students to study and work on their projects. The trend has sparked a debate on whether “buying discipline” is good or bad. This article explores the reasons behind the popularity of paid study spaces, the benefits and drawbacks of this trend, and its implications for the future.

What are Paid Study Spaces?

Paid study spaces, also known as shared study rooms or co-working spaces, are commercial facilities that provide a quiet and comfortable environment for people to study or work. These spaces usually have desks, chairs, power outlets, Wi-Fi, and other amenities that help people focus on their tasks. Some paid study spaces also offer private rooms or cubicles for people who need more privacy or quietness.

The rise of paid study spaces in China can be attributed to several factors. Firstly, the increasing competition for education and job opportunities has put immense pressure on young people to perform academically. As a result, many students seek a quiet and focused environment where they can study without distractions. Secondly, the need for more suitable study space in public libraries and schools has led to a shortage of study space for students. Finally, the increasing popularity of remote work and freelancing has created a demand for affordable and flexible workspaces.

Benefits of Paid Study Spaces

Paid study spaces offer several benefits to students and workers. Firstly, they provide a quiet, focused environment that helps people concentrate on their tasks. This is especially important for students studying for exams or completing assignments. Secondly, paid study spaces offer a sense of community and support. Many people who use these spaces are like-minded individuals striving to achieve their goals. This creates a supportive and motivating environment that can help people stay on track. Thirdly, paid study spaces offer flexibility and convenience. Unlike public libraries or schools, paid study spaces are open 24/7 and do not have strict rules or regulations.

Drawbacks of Paid Study Spaces

Despite the benefits, paid study spaces also have some drawbacks. Firstly, using these spaces can be prohibitive for some people. In larger cities, a monthly membership can range from 1000 to 3000 yuan, which is only affordable for some. Secondly, the quality of these spaces can vary greatly. Some areas may be overcrowded, noisy, poorly maintained, distracting and counterproductive. Thirdly, using paid study spaces can create a culture of “buying discipline” where people rely on external factors to motivate themselves rather than developing their self-discipline.

Implications for the Future

The rise of paid study spaces reflects China's changing attitudes towards education and work. As the competition for academic and job opportunities intensifies, more people seek ways to improve their skills and knowledge. Paid study spaces provide a convenient and affordable way for people to achieve their goals. However, the trend also raises questions about the role of self-discipline and intrinsic motivation in achieving success. As more people rely on external factors to motivate themselves, there is a risk of creating a culture of “buying discipline” that may not be sustainable in the long run.

Conclusion

Paid study spaces have become a popular trend among young people in China. These spaces offer a quiet and focused environment that helps people concentrate on their tasks. However, the movement also raises questions about the role of self-discipline and intrinsic motivation in achieving success. As the competition for academic and job opportunities intensifies, balancing external stimulation and internal motivation is essential. Paid study spaces can help achieve short-term goals, but self-discipline and intrinsic motivation are necessary for long-term success.

Backlinks

“More young people are trying paid study centres for self-improvement”, Global Times, 15 Jan 2020, https://www.globaltimes.cn/content/1176939.shtml

“Private Study Rooms Emerge as Refuge for Examinees”, Sixthtone, 21 Oct 2022, https://www.sixthtone.com/news/1011458

“In a Class of Their Own: Surge in Demand for Guangzhou Paid Study Rooms”, HKTDC Research, 22 Nov 2022, https://research.hktdc.com/en/article/ODg4MjE1OTM3

The Ethics of AI: Should We Use Technology to Bring Our Loved Ones Back to Life?

Source from Pengpai

In recent news, a visual designer in Shanghai, known as “Wu Wuliu,” used AI tools to “resurrect” his deceased grandmother and have a conversation with her in a video. In the video, the grandmother speaks in a Hubei dialect, has white hair, and no teeth, just like she did in life. Wu Wuliu stated that the video's purpose was to use AI technology to fill the regret of not having a proper goodbye with his grandmother. However, this video has sparked an enormous controversy. While some netizens want to use AI technology to reunite with their deceased loved ones, others believe that respecting death also respects life, and humans should not attempt to surpass death with technology. The so-called “grandmother” is just a string of cold codes and lacks practical significance.

The question arises: Would you use AI technology to revive your deceased loved ones? If “digital life” becomes famous, what problems might arise? Let’s discuss this topic in detail.

The concept of using AI technology to bring back the dead has been introduced previously. It has been explored in various forms of media, such as movies, TV shows, and books. For example, the famous British TV series “Black Mirror” had an episode where a woman used technology to bring back her deceased partner as a synthetic human. As the artificial human became more and more realistic, the whole scenario became eerie.

The idea of bringing back the dead is both fascinating and terrifying. On the one hand, it offers a chance to reunite with our loved ones and fill the void left by their absence. On the other hand, it raises ethical questions about the boundaries of life and death and the consequences of playing God.

One of the main arguments against using AI technology to bring back the dead is that it blurs the line between life and death. Death is a natural part of life, and it is something that we all have to face eventually. By attempting to bring back the dead, we are essentially denying the natural order of things and disrupting the balance of life. Moreover, creating a “digital life” that mimics a deceased loved one raises the question of authenticity. Is it the same person or just a simulation of them? And if it is a simulation, does it have the same rights and privileges as a living person?

Another argument against using AI technology to bring back the dead is that it is a form of escapism. Death is a painful and inevitable part of life, and it is something that we all have to come to terms with eventually. Using technology to bring back the dead, we avoid the grieving process and deny ourselves the opportunity to move on. Moreover, it can create false hope and lead to unrealistic expectations.

Despite these arguments, there are also valid reasons why someone might want to use AI technology to bring back the dead. For example, it can provide comfort and closure for those who have lost a loved one. It can also be a therapy for people struggling to cope with grief and loss. Additionally, it can be a way to preserve the memories and legacy of a deceased loved one.

However, if “digital life” becomes widespread, it could also lead to many problems. For example, it could create a new form of addiction, where people become obsessed with bringing back the dead and losing touch with reality. It could also lead to a new form of discrimination, where people who cannot afford to create a “digital life” for their loved ones are left behind. Additionally, it could raise legal and ethical questions about the ownership and control of “digital life” and who has the right to access it.

In conclusion, the question of whether we should use AI technology to bring back the dead is a complex and controversial one. While it offers a chance to reunite with our loved ones and fill the void left by their absence, it also raises ethical questions about the boundaries of life and death and the consequences of playing God. Ultimately, it is up to each individual to decide whether they want to use AI technology to bring back the dead. Still, it is essential to consider the potential risks and consequences before doing so.

References

“Shanghai designer uses AI to ‘resurrect’ his dead grandmother and video chat with her.” South China Morning Post, 29 Mar. 2021, https://www.scmp.com/tech/tech-trends/article/3127189/shanghai-designer-uses-ai-resurrect-his-dead-grandmother-and-video.

“Be Right Back.” Black Mirror, season 2, episode 1, Channel 4, 11 Feb. 2013.

“小伙用AI技术“复活”奶奶，一口方言对答如流！网友却吵起来了” https://www.thepaper.cn/newsDetail_forward_22654189

Should gender divide Soft Sleeper Train Compartments? A Look at the Chinese Context

Source from sgss8

As the holiday season approaches in China, many people will be travelling by train, and some may have concerns about sharing a sleeping compartment with members of the opposite sex. Recently, a woman posted on social media about her experience sharing a soft sleeper compartment with three men and how uncomfortable it made her feel. This raises the question of whether train companies in China should consider dividing bins by gender.

In 2006, China tried implementing female-only compartments but was discontinued due to low demand. The issue of soft sleeper compartments shared by strangers of different genders is common in China, and many countries have different approaches.

One possible solution could be to allow passengers to choose their compartments based on gender preference during the booking process. This could be a simple addition to the online booking system, similar to the seat selection option. However, this would require train companies to consider the logistics and feasibility of such a system and the potential impact on ticket prices.

Another solution could be to provide better communication and education to passengers about etiquette and respect when sharing a compartment with strangers. This could include guidelines on appropriate behaviour and clear instructions on raising concerns or reporting incidents to train staff.

Considering the practicality of gender-segregated compartments and the potential for discrimination is crucial. In China, cultural and social factors may influence passengers’ preferences for sharing compartments with members of the opposite sex. Train companies should consider the practicality and feasibility of different solutions while ensuring that all passengers are treated equally and respectfully.

In conclusion, the issue of soft sleeper compartments shared by strangers of different genders is complex in China. While some argue for gender-segregated bins, others say it is unnecessary and even discriminatory. Train companies in China should consider the practicality and feasibility of different solutions while also considering cultural and social factors influencing passenger preferences. Ultimately, the goal should be to ensure that all passengers are comfortable and respected during their train journeys.

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澎湃

CNA

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