How regionalism is holding back China – Wu Zhong

From Asia Times:

China’s latest macroeconomic statistics are evidence that Beijing’s two-year-old belt-tightening policy has failed to achieve its goal of cooling down the overheated economy. The failure must be largely blamed on regional protectionism increasingly running wild across the country.

For sure, regional protectionism or regionalism is by no means a new thing under the current Chinese leadership. On the contrary, it has existed throughout Chinese history. Hence the old Chinese saying, “Mountains are high and the emperor far away.” [Full text]

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.