Issue 1, 2024 

Beyond “involution”

▍Overseas

Starlink on the Battlefield: The First War with Commercial Space Capabilities    Zhang Hanshu

▍Cover Story: Outside Involution

Picking Up the Telescope: The Breakthrough Path of Chinese Youth    The Longway Foundation

A negative sentiment of “Tang Ping” (lying down) is prevailing in China’s public opinion, serving as a reflection of the international, domestic, and technological changes defining our era. Under the multiple waves of deglobalization, economic downturn and labor displacement due to technology advancements, the previous paths of personal development among young people are narrowing. However, the Chinese path to modernization and China’s South-South cooperation has brought historic opportunities for the new generation of Chinese youth. Beyond the conventional middle-class imagination of success, there are untapped potential and opportunities to be explored in rural areas, manufacturing sectors and overseas.

Expedition and Involution: The Dual Rhythms of Youth Internet Trends   Yu Liang

Heading to New Horizons: Where Should China's Youth Go in the  New Era?   Lian Si

“Ashore” in Africa?—Youth Going Overseas in the New  Globalization   Liu Han

In recent years, Chinese youth, amidst economic transformation and societal changes, increasingly look to overseas destinations, particularly in Africa along the Belt and Road Initiative. This outbound trend serves as a pathway for career development and reflects deeper shifts in the global political and economic order. Unlike past organized overseas assignments, the current wave is characterized by spontaneity. Motivations include escapism, opportunity-seeking, and idealistic pursuits and aspiration to challenge the existing global order, which will potentially impact the construction of the Belt and Road Initiative. However, this trend poses challenges, requiring comprehensive support. Taking this phenomenon seriously, transcending traditional thinking, and providing systematic knowledge and support are crucial for China's youth in charting the country's future amid global transformations.

▍World View

The Poison Quenching Thirst: “Anarcho-Capitalism” and Argentina’s Dilemma of “Dependency”   Shi Qing  Zhang Yongle

"Anarcho-capitalism" originated within the neoliberal school. Although not widely embraced by mainstream politicians in Europe and the United States, it has found its way into political rhetoric in Latin America. This ideology views the government as the sole enemy, ignoring how the global system affects a state’s policies. Latin America has a history shaped by powerful nations, and since the 19th century, it has been impacted by the U.S. Monroe Doctrine. As long as dependency on hegemonic power persists, "anarcho-capitalism" might potentially revert to the path of "neo-liberalism" in the varing politics of Latin American parties.

Students for Fair Admissions v. Harvard and the Transformation of US. Regime   Zuo Yilu

▍Classic Review

Thought and Action in the Course of History：The Particularism and Universalism in the Modern and Contemporary Chinese Revolution Discourse

Gan Chunsong

Seeking Truth from Facts: Mao Zedong’s Reflections on Marxist Philosophy in Chinese Context   Zeng Rong, Wang Lisheng

▍Policy

The Key Bottleneck in China’s Debt Issue   Feng Wanqi

▍New Multinational Corporation When Genshin Impact Launches in Brazil  Liang Yingyi Min Xuefei

Amidst the global outreach of China’s digital cultural industry, the video game Genshin Impact has achieved extraordinary success overseas, including in Brazil. This paper explores the multiple factors behind Genshin Impact’s triumph in the Brazilian market, including the opportune growth of Brazil’s gaming market, the flourishing of local ACG (Animation, Comics, and Games) culture, and the construction and development of fan communities through the joint effort of the company miHoYo and Genshin Impact’s fans. As an exemplary case of the new-age cultural industry’s internationalization, Genshin Impact’s success highlights the importance of active interaction between cultural product producers and consumers, offering new insights for the global outreach of China’s gaming and other digital cultural industries.

The Control Issues Faced by Chinese Enterprises “Going Global”   Liu Yuzhao Xiong Jianran

Does obtaining ownership of a company necessarily equate to gaining control power over it? In the process of Chinese enterprises going globle, many Chinese entrepreneurs have some misconceptions about the relationship between ownership and control power with the local society. This article delves into a cross-border business case involving a Chinese private cash truck manufacturer, SW Group, and a British cash truck manufacturer, J Group. It discuss the cognitive differences among Chinese entrepreneurs regarding the relationship between ownership and control, how they encounter regulatory discomfort in the context of cross-border operations, and how it ultimately affect business operations.

Why Chinese Enterprises Struggle for Foothold in Foreign Markets?   Shen Yuanyuan Kong Jianxun

Based on the data analysis results of “the Overseas China-founded Enterprise and employees Survey”, this article argues that Chinese enterprises have limited access to investment information in overseas markets, and the their status of "outsider" restricts the degree of "localization". Furthermore, financing difficulties, embedding anxiety, labor shortage and peer competition are important propositions to be solved urgently in seeking development of overseas Chinese enterprises. This implies that these enterprises not only need to enhance their financing endowments and internal management capabilities, but also need to properly handle their relationships with local governments, local financial sectors, local employees and local communities.

▍Historical View

A Death of the Cold War：Anti-War Sentiment in G. Childe’s Archaeological Reflections  Li Ling