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Record keeping is at the core of any good business. History shows that the science of accounting dates back thousands of years, while the double-entry accounting system that many businesses use today was invented nearly 700 years ago. Still, after all of this time, there are still major issues with accounting processes; ledgers are insecure, alterable without detection, and oftentimes inefficient. The modern solution is a form of distributed ledger technology (“DLT”) called blockchain.

Blockchain technology addresses issues in record keeping by acting as a transparent, distributed ledger that records transactions in a verifiable, immutable, and secure manner. …


Source: Adobe Stock

China’s ability to innovate quickly, paired with its uniquely large consumer base, has propelled the nation to become the powerhouse it is today. However, the race to become self-reliant has come at a price to its most precious resource — its youth. A deeply ingrained culture of hard work to the point of burnout has run its course with some of China’s youth, and many have rebuked China’s working traditional work culture, choosing instead to live simply, cheaply, and stress-free. These youth have chosen to ‘lie flat.’

Lying flat, or tangping (躺平), is a blossoming movement that emphasizes living simply…


In early 2013, then president-to-be Xi Jinping described his nascent campaign to combat corruption among CCP leadership and local bureaucrats as resolving the “unhealthy tendencies” of both “tigers and flies.” Nearly a decade later, roughly 1.5 million officials have fallen victim to the Party’s efforts to rid itself of corruption, graft, and “moral decay.”

Now, fearing the adverse socioeconomic impact of independent and unregulated big business, Beijing is using the same tactics to blunt the influence of China’s powerful private sector. Xi’s broadside against private business has been multifaceted. …


Imagine a city where artificial intelligence monitors and directs traffic, buses and taxis drive themselves, and everyone is capable of engaging with the city’s government and infrastructure through smartphones as opposed to relying on inefficient bureaucracy. If these concepts were introduced 20 years ago, it may have been something out of a science fiction novel. However, these capabilities have either been in development or actively deployed throughout China since the nation began its push for smart cities and smart city infrastructure in 2011.

Innovations in blockchain technology, artificial intelligence and machine learning, 5G, and new energy vehicles over the past…


Source: Getty Images

E-commerce livestreaming is a shopping method in which streamers introduce products and viewers are able to purchase those products in real-time. It was created to replicate the in-store sales experience of talking to a knowledgeable sales associate. Across major short video platforms like Douyin and Kuaishou, apps have created dedicated live streaming channels for influencers to promote. While western countries are just beginning to adopt the marketing method, the value of China’s e-commerce livestreaming industry reached CN¥1.06 trillion, or nearly US$165 million, in 2020, and its growth engine may just be revving up.

On June 1 from 12:00 a.m. to…


The pandemic hit global businesses across a wide range of industries, and the music industry was no exception. Lockdowns cancelled live music events, which in turn devastated the music industry. Yet, live music’s fall led to the rise of music streaming as the go-to form of music consumption. The 2021 Global Music Report from the International Federation of the Phonographic Industry (IFPI), an organization that represents the international music recording industry, revealed that the global music recording market grew by 7.4% in 2020, with total revenues reaching US$21.6 billion. That growth was largely driven by a 19.9% increase in streaming…


The global status of fish stock overexploitation is dire. According to the United Nations Food and Agriculture Organization, 52% of global fish stocks are fully exploited, 17% are overexploited, and 7% are depleted. This presents a thoroughly unsustainable model of seafood demand and consumption.

Shifting global consumer tastes and environmental concerns are changing how we view the seafood supply chain. As a major consumer market, China drives a significant amount of demand for seafood. Species such as grouper, trout, and salmon that were once seen as luxurious are now considered affordable to China’s middle class consumers. …


After decades of notoriety for inferior “copycat” products, Chinese industry is now captivating the world with its breakneck pace of technological progress. However, there is one industry that is often overlooked in conversations on Chinese innovation: biopharmaceuticals.

China’s biopharmaceutical industry has been on the top of many watchlists coming out of the pandemic. In 2020, Chinese companies submitted 19 biotech-related assets to be reviewed by the US Food and Drug Administration (FDA). Furthermore, the average share price of Chinese biotechnology companies doubled in 2020, significantly outperforming those of American and European counterparts. …


Since the early 2010s, the mobile gaming market in China has exploded. Similar to the meteoric rise in mobile payment apps, the ubiquity of smartphones across the mainland has led to more netizens utilizing their personal devices for daily entertainment. In addition to their convenience and accessibility, many modern smartphones are now more powerful than the average video game console and bring much more utility to the table, further solidifying them as a competitive replacement to more traditional gaming machines.

China’s mobile gaming industry is one of the world’s most influential with a massive market of 682 million mobile gamers


Source: Adobe Stock

China’s infamous one-child policy had been a hallmark of CCP efforts to control population growth for decades. However, over the last half decade, there has been a general shift in attitude with the adoption of the two-child policy in 2016 and, now, the implementation of a three-child policy.

Policymakers have recognized that an imminently aging population may inhibit Beijing’s ambitious economic benchmarks for the remainder of the 21st century. Poignantly, as Chinese supply chains continue to move up the value chain and shift more workers into higher skilled positions, core labor-intensive industries like construction and manufacturing will face a high…

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