“Lying flat” - or tang ping - is a trend among mainly young Chinese to opt out of the rat race and it represents the antithesis of a development model that has delivered extraordinary growth for the country over four decades. The sentiment has been widespread enough to warrant a public condemnation from the President. Xi Jinping.
Ed Butler hears from "Jeff," a computer developer from Hangzhou, but working in Beijing, who explains why he decided to give up on the Chinese dream in pursuit of a better quality of life. The BBC's China specialist Kerry Allen describes how the trend has developed online and how it has been accelerated by the forced slowdown during the pandemic. And Dr Lauren Johnston, a scholar of Chinese economics with a focus on the demographic shifts, says that both the privileged and the poorer 20 and 30-somethings feel exhausted by the Chinese ultra-competitive world of work and family pressures.
Producer: Ivana Davidovic
(Photo: Illustration of the lying flat movement. Credit: Sina Weibo)
Has stock trading become 'gamified'?
Mobile trading apps have been booming in popularity, opening the door to millions of new, often young or first time investors. For many in the finance sector it is great news, but questions remain about whether people always know the amount of financial risk they are taking on.
One criticism in particular is that some of these new platforms look, act and react more like a video game than an investment platform. Is that the essential appeal that attracts new users, or does it just obscure the risks?
Rob Young speaks to the boss of one of the biggest platforms in this sector, Yoni Assia, the boss of eToro. He hears too from Vicky Bogan, professor at Cornell University’s business school, who studies the "gamification" of finance as well as Professor Erik Gordon, at the University of Michigan's Business School. And Sarah Pritchard from the UK's regulator the Financial Conduct Authority tells Rob about efforts to encourage young users to invest safely, and how protecting them is their priority.
The future of flying
The pandemic has been very hard on commercial aviation, but most experts believe the sector will soon be growing again – fast. The BBC's Theo Leggett takes a look at what new technologies are out there. Sandra Bour Schaeffer, Chief Executive of Airbus Upnext, tells him what the aviation giant is planning for the future. Neil Cloughley, from the much smaller Faradair Aerospace, makes the case for why their hybrid-electric technology is the way forward for flying. On the other hand, Blake Scholl of Boom Supersonic says that, two decades after the end of supersonic jet Concorde, it's time for airliners to break the sound barrier once again. But if we want to protect the environment, should we be flying at all? Matt Finch, UK policy director of the Brussels-based lobby group Transport and Environment, says yes - but not quite so often.
(Image: the ZEROe blended wing body concept, Credit: Airbus)
On this edition of Business Weekly, we’re looking at the US inflation rate. It has hit 7% year on year, the largest rise since 1982. Used car prices and food costs are shooting up. We hear from Wells Fargo Economist Sarah Watt House and Gerald Daniels, an Associate Professor of Economics at Howard University who specialises in the economics of inequality.
The BBC’s Ed Butler looks at the recent protests in Kazakhstan and we have a look inside the UK trials into psychedelic drugs for patients suffering with depression. Plus, we browse the shelves of ultra rare whisky, and hear why, and how, some parts of the Scottish industry are booming. The BBC’s Elizabeth Hotson talks to both keen collectors, and dedicated producers.
Business Weekly is presented by Sasha Twining and produced by Clare Williamson.
Brexit and my small business
It’s just over a year since the UK’s trading relationship with the EU fundamentally changed. So how are small businesses in Britain finding life outside the single market and customs union? The BBC's Vivienne Nunis speaks with chocolate-maker Jacques Cop of Coco Caravan and Kathleen May from the London-based independent publisher, Hurst, as well as Sally Jones, trade strategist at EY. Image: Hand drawing a red line between the UK and the rest of the European Union. Credit: Getty