Economy

Economy

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Liberal Beijing-based Institute Announces Closure

This week, the Beijing-based Unirule Institute of Economics announced that it would close after years of official pressure including the deletion of social media accounts and an eviction last summer during which the doors of its offices were welded shut, temporarily trapping staff inside. The...

China’s Digital Currency Development Picks Up Speed

This week, Shenzhen’s government announced the rollout of one of the largest real-world trials of China’s fledgling new digital currency. The announcement came at the same time that Xi Jinping visited Shenzhen, where he laid out...

Minitrue Diary, February 2, 2020: Economic Optimism

CDT has recently acquired and verified a collection of propaganda directives issued by central Party authorities to state media at the beginning of this year. These directives were issued on an almost daily basis in early 2020,...

In Shenzhen Speech, Xi Redefines “Opening Up”

Xi Jinping’s speech on the 40th anniversary of the creation of the Shenzhen Special Economic Zone—the first of China’s market reform policy SEZs—outlined his vision for an increasingly domestically-oriented economy, better able...

Google May Soon Face Antitrust Probe in China

Google may soon be facing an antitrust investigation in China, sources told Reuters on Wednesday, suggesting that financial damage to Chinese firms from recent U.S. trade policies could be the cause. The internet giant, which...

China’s Biggest Chip Maker Hit With U.S. Sanctions

The Trump administration has imposed sanctions on China's Semiconductor Manufacturing International Corporation (SMIC), China's largest and most advanced producer of semiconductor chips. Executives at China's chip-making...

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