cross-posted from: https://news.abolish.capital/post/26417

As the Year of the Snake ends, more than 9 billion passenger journeys will unfold during China’s Spring Festival travel period, the greatest annual human migration on Earth. For some, these are the only few weeks in the year when families are together. For many, this is a period when they can find temporary relief from loneliness – from the striving and adjusting, even if not yet assimilating, in the cities where they work, far from their hometowns. The lucky ones, who can make ends meet and are...

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cross-posted from: https://news.abolish.capital/post/25987

Over 10 million students graduate from Chinese universities every year, straining an already crowded labour market. Yet the “micro drama” industry is emerging as a crucial lifeline for hundreds of thousands of young jobseekers: offering the chance to turn creativity into a stable pay cheque. The sector was estimated to directly generate about 690,000 jobs in 2025 – mostly for young people – and over 2 million positions when counting upstream and downstream roles, according to a recent report by...

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cross-posted from: https://news.abolish.capital/post/25057

Beijing has recently targeted tax incentives in telecoms and other select industries after fiscal revenue dropped sharply in late 2025, fuelling market speculation of similar, larger-scale moves and triggering volatility. The South China Morning Post examines the latest developments and outlines how economists view the changes. What has the Chinese government announced? Beijing has moved to boost government finances by tightening tax incentives and raising preferential rates across several...

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