Manifold Letter from Beijing, with Han Feizi — #72
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Nov 7, 2024 Han Feizi, a pseudonymous columnist at Asia Times with expertise in the Chinese economy and US-China relations, delivers fascinating insights from Beijing. He discusses the city’s transformation post-COVID, the economic experiences of ordinary citizens, and the complexities behind China's economic structure. The conversation highlights the notable contrasts in consumer behavior between China and the U.S., examines the local luxury goods market, and explores the evolving automotive industry. Han also reflects on China’s shifting geopolitical strategies and future leadership prospects.
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Beijing's Transformation
- Han Feizi returned to Beijing in 2022 after living abroad and was surprised by the positive changes.
- The city was cleaner, people were more polite, and customer service had greatly improved.
Shifting Mindsets in China
- Increased affluence and a shift from scarcity to abundance mindsets have driven positive societal changes in China.
- Higher education levels contribute to this shift, with college attendance rising from 5% to nearly 70%.
Modern Conveniences in Beijing
- Beijing's extensive public transport includes a vast metro system, shared bikes, and e-bikes.
- Delivery services are highly efficient, even using robots for the final leg of delivery to hotel rooms.
