Inkstone Index

Inkstone Index

Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China.

China is giving its vaccines to the general public
Every Tuesday and Thursday, Inkstone Index features one important number about China to give you insight into the rising power. $60: The cost of a new emergency use coronavirus vaccine in China.  The general public in the eastern Chinese province of Zhejiang can now get an “emergency use” coronavirus vaccine in the country’s first attempt to inoculate its population.  The vaccine will cost 400 yuan ($60) and will involve two shots administered 28 days apart.  The push for inoculation comes despite the fact that none of the vaccines in development have been officially approved. China currently has four vaccines that have entered phase three clinical trials, but none of them have passed. Much
Tesla’s ‘made in China’ cars are heading to Europe
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 7,000: The number of cars Tesla is shipping to Europe from China. Electric car maker Tesla is shipping its Chinese-made vehicles to Europe for the first time, signaling the US company’s intention to use China to fulfill global demand for them. It held a ceremony at its Shanghai factory on Monday to mark the first shipment of about 7,000 Model 3 sedans from the Chinese city to ten European countries, including Germany, France and Italy, Chinese news outlet The Paper has reported. Tesla’s use of its Chinese facilities for export further bolsters the country’s position as the wo
China’s post-Covid-19 tourism boom
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 637 million: the number of domestic trips made during China’s “golden week” holiday. Some 637 million visits to tourist spots were made during an eight-day national holiday that began on October 1, China’s National Day. Dubbed “golden week,” the holiday was the longest of the year and the first long break since the Covid-19 epidemic was contained in China, allowing people to eat out and travel.  Although the number of tourist visits was just 79% of the number made in previous years, the upsurge in economic activity comes after months of serious restrictions. In total, touris
America’s wary eye on China
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 73%: the share of Americans who hold negative views about China.  Negative views of China have reached record levels among the public in 14 developed countries, according to a Pew Research Center survey conducted from June to August.  In the United States, 73% of the respondents have an unfavorable view of China, up 13 percentage points since just last year. When the survey was first conducted in 2005, only 35% of Americans viewed China negatively.  Views toward China have also grown increasingly negative in all the countries surveyed over the past year, according to the pol
China is almost as unequal as the United States
Every Tuesday and Thursday, Inkstone Index features one important number about China to give you insight into the rising power. Two-thirds: How much of the nation’s wealth was controlled by China’s richest 10% in 2015.  In around 40 years, China has risen to become the world’s leading emerging economy. But the country’s exponential economic gains have been poorly distributed at home, creating a wealth gap almost as big as that found in America.  When the former leader Deng Xiaoping opened China’s closed market to the world in the late 1970s, he famously embraced the idea that the Chinese Communist Party would “let some people get rich first.”  Decades later, while most Chinese people have se
A cake full of love, delight – and calories
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 800: The number of calories in a lotus paste mooncake with double egg yolks. Chinese people eat more than a billion mooncakes around the annual Mid-Autumn Festival to celebrate the full moon and the coming together of families and friends. The Mid-Autumn Festival falls on the 15th day of the eighth lunar month. Its exact origin is a mystery, but people in China have been marking the day by holding family reunions, carrying lanterns and eating mooncakes for hundreds of years.  The traditional delicacy of mooncake is also one of the most unhealthy festival foods, and increasin
Chinese factory workers are graying quickly
Every Tuesday and Thursday, Inkstone Index features one important number about China to give you insight into the rising power. 24.6%: The percentage of Chinese factory workers that are older than 50. China’s factory workers are aging quickly. In 2009, 12.2% of factory workers in China were aged 50 years or older. By 2019, that number had grown to 24.6%.  At the same time, the percentage of young people – aged between 21 to 30 – fell from 35.8% to 23.1%, according to data compiled by the 21st Century Business Herald, a Chinese newspaper. The numbers point to an economy that is shifting away from its manufacturing core and toward a service-based model.   Furthermore, the changing demographics
China’s top players in the film industry
Every Tuesday and Thursday, Inkstone Index features one important number about China to give you insight into the rising power. $28.6 billion: The combined worth of the 10 largest film companies in China.   Chinese film enterprises are minnows compared to their global competitors, despite enjoying the second-largest film market in the world. China’s top 10 most valuable film companies have market value a total of $28.6 billion, according to the Hurun Report. Yet that number is only a fraction of Disney’s estimated $226.6 billion.  Enlight Media, the most valuable Chinese film company, earned about $2 billion in the domestic box office in 2019, making up about 20% of the total Chinese box off
China’s substantial short-video population
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 773 million: the number of people using short-video apps in China.  The popularity of Chinese short-video platforms such as Douyin, China’s version of TikTok, has grown rapidly over the past five years.  The craze over seconds-long videos has turned farmers and delivery drivers into influencers and given rise to two Chinese unicorns.  China had more than 773 million short-video app users by March 2020, according to the official China Internet Network Information Center [Report in Chinese]. Douyin, the mainland China version of the TikTok, has the largest user population. The
China’s super-sized mobile app market
Every Tuesday and Thursday, Inkstone Index features a single, illuminating number that helps you make sense of China. 3.67 million: how many mobile apps are available in the Chinese market. Chinese app stores featured 3.67 million mobile apps as of December 2019, according to the state-run China Internet Network Information Center.  Games accounted for a quarter of the products, while apps that served as everyday tools made up 14% and e-commerce apps comprised 10% of the market, the data shows. This massive app economy is supported by the world’s biggest internet population – 904 million people in China regularly access the internet, mostly using their phones. But China’s internet is a walle