Podcast Icon Podcasts
Why are some Chinese embracing 'lying flat'?

Why are some Chinese embracing 'lying flat'?

“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'?

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 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)

Business Weekly

Business Weekly

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

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

Kenya's fries crisis

Kenya's fries crisis

Why can't multinationals like KFC source their ingredients locally? A shortage of fries at KFC restaurants in Kenya has led many to call for a boycott of the chain after it transpired that the company imported all of its potatoes, despite them being abundantly grown in the country. Potatoes are Kenya's second-most consumed crop after maize, and are cultivated mostly by small-scale farmers. As Covid hits global supply chains and words like sustainability and climate gain greater importance, is it time for multinationals to start looking closer to home for their goods? Kathambi Kaaria is a climate change and sustainability advisor in Nairobi and comes from Meru, a potato growing region of Kenya. She told Tamasin Ford that when KFC arrived in the country eleven years ago she tried to supply them potatoes. Leonard Mudachi, the CEO of a Kenyan restaurant management company Branded Restaurants Africa Ltd, said he wasn’t surprised to learn that KFC imports its chips but does think that multinational companies should start scrutinizing how and where they get their produce from. John Quelch is the Dean of the Miami University Herbert Business School in the United States. He told Tamasin that the issue for a major international brand is the quality and consistency of locally sourced produce and that one mistake by one supplier can lead to a massive fallout for the companies.

(A boy looks at potatoes for sale in a market in the Kibera slum in Nairobi, Kenya; Credit: Spencer Platt/Getty Images)

What's at stake in Kazakhstan?

What's at stake in Kazakhstan?

How might the protests shake up the economy, trade and business in the Central Asian nation?

Ed Butler speaks to Diana Kudaibergenova, a sociology professor at Cambridge University and herself Kazakh, about what motivated the protests, and whether the apparent ouster of former President Nursultan Nazarbayev plus a host of new economic reforms will be enough to appease the protesters.

But what does all this mean for foreign business interests in the country? Kate Mallinson of Chatham House says many Western oil executives will be having sleepless nights, while Russia's President Vladimir Putin may require an economic dividend for his military help in stabilising the situation.

And what of Kazakhstan's other giant neighbour, China? Raffaello Pantucci of the Royal United Services Institute says the upheaval has come at a time when many Kazakhs were questioning the seeming one-sidedness of their increasingly close economic ties.

(Picture: Kazakh security officials stand guard in the aftermath of protests in Almaty; Credit: Pavel Pavlov/Anadolu Agency via Getty Images)

White privilege

White privilege

Does the global economy need to start dismantling 'global white privilege'? The Black Lives matter protest movement has focussed lots of attention on racial attitudes in rich western countries. How easy is it for instance, for people of black or Asian heritage to get on the ladder to business success in those countries? But is the economics of what's now called 'white privilege' a global problem too? Ed Butler speaks to Chandran Nair, the founder and Chief Executive Officer of The Global Institute for Tomorrow, an independent think-tank in Hong Kong and the author of ‘Dismantling Global White Privilege: Equity for a Post-Western World’. And also to Lucinda Platt, from the London School of Economics, who has recently written a report for the IFS on the degree of social and economic mobility being achieved among the UK's minority racial and ethnic groups.

Healing the mind

Healing the mind

Psychedelic therapy could provide a major breakthrough in the treatment of mental health disorders like depression, and now it's caught the attention of start-ups and venture capitalists.

Laurence Knight hears from one man whose life was transformed by a single dose of the drug psilocybin - the psychoactive ingredient in magic mushrooms - after he volunteered for a research project exploring whether it could cure depression. He also visits the research team at King's College London, who have just wrapped up the latest trials of the drug.

The trials are being sponsored by the healthcare start-up Compass Pathways, and its founder and chief executive George Goldsmith explains why he hopes to use them to bring this therapy to the general public. Plus Amanda Eilian of venture capitalists Able Partners describes how quickly attitudes in the investor community are changing.

(Picture credit: Getty Images)

Business Weekly

Business Weekly

On this edition of Business Weekly, we’re looking at the tech giant Apple. Its value tipped over the $3 trillion mark on the New York stock Exchange at the start of the year. We hear from Dan Ives of Wedbush Securities on possible further avenues of growth for the company. We’ll take you to the United States to hear from different communities all hoping to benefit from President Biden’s $1.2 trillion infrastructure plan. We focus on projects designed to improve the quality of drinking water, and public transport. The BBC’s Will Bain covers examples from Alaska, Michigan and California. Plus, we remember the work of the world renowned Kenyan paleoanthropologist Richard Leakey, who died at the start of the year. We hear from Dr Paula Kahumbu who knew him from childhood, and now runs one of the organisations he founded. Business Weekly is presented by Sasha Twining and produced by Clare Williamson.

Starting a company to fight rare disease

Starting a company to fight rare disease

Mapping the human genome led to big advances in diagnosing rare disease. But diagnosis is only the first step in dealing with an illness. So what do you do if your child is found to have a condition that has no treatment? We hear from Michelle Teng, a mother who co-founded a biotech firm called SynaptixBio, that is looking to find the world’s first treatment for a rare neurodegenerative disease. Also in the programme, the Chief Medical Officer at Genomics England, Dr Richard Scott, tells us his hopes for the future of genomics medicine. And Dr Segun Fatumo of the London School of Hygiene and Tropical Medicine, explains why Africa is so important when it comes to genetic research. Presented by Vivienne Nunis and produced by Sarah Treanor. Image: Scientists look at a DNA model. Credit: Getty Images.

The death of the petrol station

The death of the petrol station

The rise of electric vehicles could see traditional service stations closing across the planet over the next two decades, and replacing pumps with fast chargers is unlikely to save them.

Justin Rowlatt speaks to one entrepreneur hoping to profit from the rollout of EV chargers in every home and parking space, Erik Fairbairn of Pod Point. Meanwhile Isabelle Haigh, head of national control at the UK's National Grid, explains why she is confident they can meet the electricity demand from all these new vehicles.

Across the Atlantic, another entrepreneur - Sanjiv Patel of National Petroleum - says the writing is clearly on the wall for his chain of 25 gas stations in California - but maybe not for a while yet. But could he turn them into restaurants or use them to hold séances? That's the fate of one petrol station in Leeds that is now an arts centre. We hear from its owner, Jack Simpson.

This is a repeat of an episode first broadcast on 2 June 2021.

Producer: Laurence Knight

(Picture: Abandoned gas station along old Route 66 in the California desert; Credit: Lynne Rostochil/Getty Images)

Shafaq Live
Shafaq Live
Radio radio icon