Dubai Telegraph - Xi's 'Chinese Dream' flickers in one Beijing neighbourhood

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.868888
GBP 0.86899
GEL 3.147128
GGP 0.868888
GHS 12.613956
GIP 0.868888
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868888
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.868888
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.265709
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2432.834089
MNT 4136.040892
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.330532
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 137.764445
WST 3.161931
XAF 655.95473
XAG 0.017051
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BCE

    0.0600

    25.79

    +0.23%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • RBGPF

    -13.5000

    69

    -19.57%

  • RIO

    -2.5000

    83.15

    -3.01%

  • NGG

    -3.5400

    81.99

    -4.32%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • JRI

    -0.3900

    11.77

    -3.31%

  • RELX

    -0.4600

    33.36

    -1.38%

  • BTI

    -1.3500

    57.37

    -2.35%

  • VOD

    -0.0900

    14.33

    -0.63%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BP

    -1.0800

    44.78

    -2.41%

Xi's 'Chinese Dream' flickers in one Beijing neighbourhood
Xi's 'Chinese Dream' flickers in one Beijing neighbourhood / Photo: Noel CELIS - AFP/File

Xi's 'Chinese Dream' flickers in one Beijing neighbourhood

Wu has staked out his patch of the Chinese Dream. Married with a second child on the way, he has a Beijing apartment and a car paid for by a tech job with a comfortable salary.

Text size:

He has even jumped the fence of China's restrictive residency rules to move from eastern Shandong province to the capital, near the middle-class neighbourhood of Shangdi.

"Things are going pretty well," the fresh-faced thirty-something says with a smile.

His ascent through the hurly-burly of China's competitive capital has broadly tracked the leadership of President Xi Jinping.

It is 10 years since Xi unveiled the "Chinese Dream", a grand vision to restore the country's global influence through a collective struggle for prosperity, power and glory -- steered by the Communist Party.

Its achievements include pulling tens of millions from poverty into an economy fizzing on tech, manufacturing supply chains and the breathless energy of 1.4 billion people.

That has brought new freedoms and opportunities, alongside unexpected challenges for a party primed for control and self-preservation.

"Everyone has their own ideals, aspirations and dreams," Xi said in a speech on November 29, 2012 shortly after he was made party general secretary.

"In my opinion, realising the great rejuvenation of the Chinese nation is the greatest Chinese Dream."

But as Xi prepares for the party to anoint him for an unprecedented third term in office, some say that dream is losing definition.

Even in Shangdi, anxiety lurks behind the baubles of affluence.

Workers struggle with burnout and the soaring costs of housing and childcare, as well as the social pressures of marriage -- all in an economy weighed down by the Covid-19 pandemic.

Expectations for the future are changing, with potentially profound implications for China's direction.

"People are chasing different things from what they used to," says 29-year-old Anna Chen, who works for another tech firm in Shangdi.

- Tech tales -

Over the last decade, hulking office blocks have transformed Shangdi from an unremarkable suburb to a landmark on China's tech map.

The area is near the ruins of the Old Summer Palace -- destroyed by British soldiers in 1860 -- a reminder of China's "century of humiliation" at the hands of Western nations that still rankles in Beijing.

Many of Shangdi's new residents work for tech giants such as Baidu, Kuaishou and Didi Chuxing -- companies that dominate daily life in the world's most populous nation and now outsize many of their Western rivals.

With his wire-framed glasses, dark T-shirt and sweatpants, 31-year-old Sheldon Zhang wears the uniform of a generation of young tech professionals who have emerged as some of the best-educated and most cosmopolitan in China's history.

A fast-talking college dropout who co-founded a startup in his early 20s, Zhang is now a user experience architect at a major firm, tinkering with robotics and artificial intelligence in a mission he says is for the "future benefit of humanity".

Hubs such as Shangdi are drivers of AI, quantum computing, sensors and chips earmarked in the party's last five-year plan as essential for the next phase of China's development.

But industry insiders warn a "winter" has settled across the tech sector.

In a widespread crackdown, Beijing has been bringing to heel major firms over fears they have too great a hold over Chinese consumers.

Revenue growth is in decline at big-hitters such as Alibaba and Tencent, and job layoffs in the sector are rising.

China's economy grew just 0.4 percent in the second quarter of this year -- its worst performance since the start of the pandemic.

"Without an explosion of new technologies, we may start to slow down or regress," Zhang says.

- Reality bites -

Others are already feeling the squeeze.

Li Mengzhen, a 27-year-old strategy specialist at a short-video platform, says the tech scene's rank and file now self-effacingly label themselves "digital blue-collars".

"Our situation is quite similar to migrant workers in the 1990s," she says.

She has a decent salary but fears property ownership in Shangdi, where apartments easily sell for 100,000 yuan ($13,900) per square metre, will forever be beyond her.

"We left our hometowns to work in Beijing... but can't say that we're Beijingers," says Li.

"Our coders are like the people who worked on sewing machines or putting in screws... their jobs are easily replaceable."

It is an ennui spreading across much of her generation, with many seeking shared solace in a counterculture of "lying flat" -- abandoning the endless work cycle to meet the impossible goals of urban living.

China's zero-Covid strategy has chopped back at growth, making it even harder to get a job and then keep it.

Youth unemployment in urban areas has repeatedly hit record highs this year, peaking in July when nearly 20 percent of people aged 16-24 were jobless, according to the National Bureau of Statistics.

But new city cultures also provide ladders out.

At a cafe in southern Shangdi, a beaming Feng Jing says she has just quit her job at a video platform to become a yoga teacher.

"I'm someone who chases freedom," the 29-year-old says.

"I don't feel tied down by money or other preconceived ideas."

- Family values -

At the district's Love Park, giggling children chase each other while being watched over by stone statues inscribed with Communist shibboleths of China's past.

"Stabilise low birth levels, raise the quality of the newborn population," reads one monument to a family planning policy imposed in the late 1970s to slow population growth, which restricted many families to having one child.

The government is now encouraging couples to have up to three children to head off a demographic crisis poised to burden a declining, weary young workforce with the costs of paying for hundreds of millions of retirees.

It is perhaps the biggest challenge of all to the Chinese Dream, threatening to warp state spending to provide healthcare and pensions for about 400 million people over 60 years old by 2040.

If current trends continue, the population will likely peak by the end of the decade before entering a "sustained" decline, according to the state-linked Chinese Academy of Social Sciences.

Such a decline would inflict "extremely unfavourable social and economic consequences" on the country, the academy adds.

Moves to stir a baby boom, with tax breaks and childcare rebates, have so far fallen flat.

"One kid is expensive enough," said one father, declining to be identified.

Others question the need to marry or have children at all -- a radical position in a patriarchal society where the pressure to start a family is high.

Tech worker Anna Chen said she aims to earn just enough to travel the world and support her parents through their dotage.

"There are quite enough people in the world already," she told AFP, using a pseudonym to avoid blowback from her employer.

"And the way society is developing, you can live well without marriage or kids."

- Rejuvenated nation? -

In the shadow of a block of luxury apartments in Beijing, 70-year-old Wang Yufu dozes through the midday heat.

Wang moved to the city from eastern Jiangsu province around the same time Xi unfurled his Chinese Dream.

Spry and unassuming, he leads a team of migrant workers beautifying Shangdi's green spaces, earning around 6,500 yuan ($917) per month -- several times his wages when he first arrived.

China's rapid urbanisation in the last four decades has depended on migrant labour.

According to official data, there are currently 290 million people from the countryside working in urban areas, many staffing low-paid jobs.

But strict residency requirements and ballooning living costs prevent most from settling in the cities they have helped to construct.

The lunch break over, Wang cajoled his team back to work in a nearby park.

Things are better than they were a decade ago, he said, but big dreams are still for other people.

"People like us could never afford houses here."

A.Al-Mehrazi--DT