Latest news with #Yin
CNBC
3 days ago
- Business
- CNBC
Yones: Positive China news boosts Yin; negative headlines drive Yang
Douglas Yones, Direxion CEO, tells Worldwide Exchange traders are piling into leveraged China ETFs like Yin and Yang, with flows driven more by headlines than fundamentals.
Borneo Post
3 days ago
- Entertainment
- Borneo Post
Beyond babysitting: How China's grandparents are reinventing retirement
Graduates perform during the graduation ceremony at Xinjiang Open University for Seniors in Urumqi, northwest China's Xinjiang Uygur Autonomous Region, June 27, 2025. (Xinhua/Wang Fei) BEIJING (July 29): With her silver hair neatly styled and a pearl necklace resting against a soft yellow blouse, Yin Song embodies the elegance of the pianist she's always been. But the large studio headphones over her ears and the video camera in front of her suggest something different. At 74, 'Grandma Piano,' as her online fans affectionately call her, now spends her time guiding audiences through the world of anime and video game music, sharing the same depth of feeling she once brought to Mozart and Chopin. A lifelong musician, Yin opened her social media account in 2022 to share her expertise. It wasn't until she analyzed the music from the hit game 'Black Myth: Wukong' that her channel suddenly took off. The 'grandinfluencer' now has more than 600,000 followers on the video-sharing platform Bilibili. For Yin, the experience has been unexpectedly transformative. 'We used to lead the young,' she said. 'Now they lead us, and I want to keep running alongside them,' embracing new ideas and ways of connecting. Yin's story reflects a subtle yet telling cultural shift. In a country where grandparents have long been expected to devote their retirement years to caring for grandchildren, an increasing number of older Chinese are quietly rewriting the script. They are embracing new roles as content creators, community volunteers, entrepreneurs, and part-time professionals. For many, retirement is no longer a retreat, but a second act. Yin is far from alone. By the end of 2024, over 30 million users aged 60 or above were logging in monthly on Xiaohongshu, one of China's most popular social media platforms. In just two years, the number of senior content creators has tripled, generating more than 100 million posts. These older digital pioneers are challenging long-held stereotypes from grandmothers redefining fashion, to retired professors distilling philosophy into viral short videos, and rural elders sharing their pastoral lives. Digital engagement is only part of the story. Many seniors are also returning to work, seeking purpose beyond their pensions. Zhu Honghua, 70, a former Beijing accountant enjoyed a comfortable monthly pension of around 8,500 yuan (about 1,191 U.S. dollars) and a leisurely life with her husband after retirement. But the routine began to wear thin. When a business contact invited Zhu back to accounting, she jumped at the chance. 'It's not just about the money,' she said. 'Having something meaningful to do every day is its own reward.' Zhu's case is hardly an outlier. A growing body of data suggests that many older Chinese are not only willing but eager to return to work. A 2023 survey by the China Association of Gerontology and Geriatrics found that 45 percent of those aged between 60 and 69 expressed a desire to remain in or reenter the workforce. Research from the Tianjin Academy of Social Sciences revealed similar patterns: 62.1 percent of people aged 60 to 65 said they wanted to keep working, while among those approaching retirement, aged 55 to 59, the figure was even higher, at 72.7 percent. While motivations vary, nearly half of those seeking post-retirement work cited a need for purpose, according to a 2022 report on senior reemployment. Others aimed to apply their skills or chase new ambitions. A third said they hoped to ease financial pressure or afford a better quality of life. The surge of interest in post-retirement work coincides with China's rapidly aging population. By the end of 2024, more than 310 million Chinese citizens were aged 60 or older, about 22 percent of the population. That share is expected to surpass 30 percent by 2035, when the number of seniors is projected to top 400 million. As waves of older workers reach retirement age over the coming years, policymakers and experts see both a warning and an opportunity. With educational attainment on the rise, China's older adults are seen not only as dependents, but as a vast reservoir of experience, skills and resources that could help offset the country's shrinking working-age population. China has taken steps to harness the power of its aging population. In its recent move, the government issued new guidelines this May, calling for more flexible and personalized job opportunities tailored to older adults, while pledging to dismantle outdated regulations that stand in their way. Local governments have moved quickly to implement the changes, building registries of senior talent, expanding employment services for retirees, and cultivating specialized human resource agencies to serve the growing 'silver economy.' Signs of change are beginning to emerge in the labor market. Retirees with backgrounds in engineering, medicine, education and skilled trades are returning as consultants, trainers or part-time specialists, lending decades of experience to fields in need. 'China has entered an aging society,' said Lu Jiehua, a sociology professor at Peking University. 'Tapping into older human resources isn't just about addressing demographic pressure. It's a crucial strategy for extending the country's demographic dividend.' – Xinhua China elderly music performance retirement
Sydney Morning Herald
5 days ago
- Business
- Sydney Morning Herald
Making the cut: Why students' side hustles are big business
'When you're a school and teaching students to get everything right, you have to have a way of teaching them that getting things wrong is fine,' Sever says. 'The resilience it takes to come back [from failure] is something kids need to learn.' Loading For the school of more than 4800 students, that lesson comes in the form of a compulsory program called StartUp, run for year 8 students, which teaches entrepreneurship in the most practical of ways: by asking students to identify a business idea and launch it to see if it will fly. The subject then becomes an elective in year 9 and part of the school's co-curriculum for interested senior students. Yin says his backyard barber business has taught him time management, communication skills and how to stick at something long-term. 'It's about being committed and not slacking off,' he says. 'To keep chipping away, and slowly you improve.' Other students' side hustles include a clothing label run by year 10 student Oliver Schreurs, an online decorative keychain business run by year 11 student Amelly Chea and a drone photography business which has seen year 10 student Suvan Sujeendran take on five employees. Without knowing it, Sever says students are picking up valuable skills including managing commitments, problem-solving and people skills. Sever, one of the school's deputy principals, says these are lessons best learnt through experience. 'Entrepreneurship is a big deal,' she says. 'It's in the DNA of this school.' But private school students are not the only ones taking hands-on lessons in how to become entrepreneurs. In April, Mansfield Secondary College received $6250 in state government funding for students to launch and run small businesses as part of the school's VCE Vocational Major program. The money raised from the students' small businesses will go towards modifying two classrooms as part of an 'applied learning hub'. The school's vocational major head' Jade O'Connor says some students started a label called Summit Society, with beanies the first item to be sold in the school and local community. Other students started a car washing business. 'That's been the business which we put the least amount [of money] into, and yet it's turned the biggest profit,' O'Connor says. She says it is rewarding watching students work together to achieve a goal and building business relationships with industry. 'I've seen leadership like I've never seen before,' she says. Mansfield Secondary College assistant principal Janessa Burkhardt says she is proud of the projects the students have delivered in such a short time.
The Age
5 days ago
- Business
- The Age
Making the cut: Why students' side hustles are big business
'When you're a school and teaching students to get everything right, you have to have a way of teaching them that getting things wrong is fine,' Sever says. 'The resilience it takes to come back [from failure] is something kids need to learn.' Loading For the school of more than 4800 students, that lesson comes in the form of a compulsory program called StartUp, run for year 8 students, which teaches entrepreneurship in the most practical of ways: by asking students to identify a business idea and launch it to see if it will fly. The subject then becomes an elective in year 9 and part of the school's co-curriculum for interested senior students. Yin says his backyard barber business has taught him time management, communication skills and how to stick at something long-term. 'It's about being committed and not slacking off,' he says. 'To keep chipping away, and slowly you improve.' Other students' side hustles include a clothing label run by year 10 student Oliver Schreurs, an online decorative keychain business run by year 11 student Amelly Chea and a drone photography business which has seen year 10 student Suvan Sujeendran take on five employees. Without knowing it, Sever says students are picking up valuable skills including managing commitments, problem-solving and people skills. Sever, one of the school's deputy principals, says these are lessons best learnt through experience. 'Entrepreneurship is a big deal,' she says. 'It's in the DNA of this school.' But private school students are not the only ones taking hands-on lessons in how to become entrepreneurs. In April, Mansfield Secondary College received $6250 in state government funding for students to launch and run small businesses as part of the school's VCE Vocational Major program. The money raised from the students' small businesses will go towards modifying two classrooms as part of an 'applied learning hub'. The school's vocational major head' Jade O'Connor says some students started a label called Summit Society, with beanies the first item to be sold in the school and local community. Other students started a car washing business. 'That's been the business which we put the least amount [of money] into, and yet it's turned the biggest profit,' O'Connor says. She says it is rewarding watching students work together to achieve a goal and building business relationships with industry. 'I've seen leadership like I've never seen before,' she says. Mansfield Secondary College assistant principal Janessa Burkhardt says she is proud of the projects the students have delivered in such a short time.
The Star
24-07-2025
- Automotive
- The Star
Defending champion Yin Ruoning to headline star-studded field for Buick LPGA Shanghai's October homecoming
SHANGHAI, China: China's top golfer Yin Ruoning will be back to defend her title at this year's Buick LPGA Shanghai, which takes place at the Shanghai Qizhong Garden Golf Club from October 9-12. As the first event of the 2025 LPGA Tour's Fall Asian Swing, the US$2.2 million tournament will bring together the world's top female golfers for a thrilling showdown, eagerly awaited by Chinese fans. Jointly sanctioned by the Ladies Professional Golf Association (LPGA) and the China LPGA (CLPGA), the Buick LPGA Shanghai will feature 81 players competing in a no-cut format. In last year's tournament, Yin delivered a career-defining performance by carding eight birdies in a blistering final round for a record-breaking 25-under-par total. She finished a massive six shots ahead of Japan's Mao Saigo and Korean Sei Young Kim. As a graduate of the Buick Junior Golf Programme, Yin's rise to the top is a powerful testament to the tournament's role in nurturing future champions. Hailing from Shanghai, she maintains a unique connection to the Buick LPGA Shanghai with her journey tracing an extraordinary arc through the tournament's history: attending as a spectator (2018), claiming low amateur honours via a Buick Junior Programme exemption (2019), making her professional debut (2023), and ultimately seizing the championship trophy before a roaring home crowd (2024). 'The Buick LPGA Shanghai holds a special place in my heart,' said Yin. 'It has witnessed my growth and opened the door for countless young Chinese players to pursue their dreams. I am deeply grateful to the Buick brand for its lasting support of me, junior golf, and the overall development of the sport in China.' Riding the momentum of her home victory, Yin also hoisted her fifth LPGA trophy at the Maybank Championship in Malaysia two weeks later to cement her status among China's new generation of elite players. Her story exemplifies how the Buick LPGA Shanghai has contributed to the rise of Chinese women's golf. He Fengxiang, President of the China Golf Association, noted: 'The Buick LPGA Shanghai is not only a world-class competitive platform but also a cornerstone initiative for elevating China's golf standards and expanding junior participation. It helps players transition from junior to professional ranks and showcases the intergenerational rise of Chinese women's golf. "Critically, it is also a strategic platform for Olympic preparation, the tournament supports talent development for the 2028 Los Angeles Games and builds momentum toward the 2032 Brisbane Olympics. We firmly believe that more young Chinese players will reach the global stage through this event." The Buick LPGA Shanghai traces its origins to the 2014 Buick Invitational and 2015 Buick Championship, achieving dual LPGA-CLPGA sanctioning under its current identity in 2018. The tournament's legacy boasts six Olympic medallists, including former Buick ambassador Feng Shanshan (Bronze, Rio 2016), current Buick ambassador Lin Xiyu (Bronze, Paris 2024), and Major champions Lydia Ko (Gold, Paris 2024) and Nelly Korda (Gold, Tokyo 2020). Chris Madsen, Managing Director of LPGA Asia-Pacific Region, stressed that the Buick LPGA Shanghai has solidified its strategic position within the LPGA's global landscape: 'China represents a crucial market within the LPGA's global strategic footprint. We are honoured to partner with Buick, our long-term collaborator, to establish a world-class women's golf tournament in China. " Today, the Buick LPGA Shanghai has become one of the most influential LPGA events in Asia and continues to inject strong momentum into women's golf worldwide.' - LPGA
