austerity

Xi Jinping, Confucius and Austerity

At Foreign Affairs, John Delury writes that Chinese President Xi Jinping’s austerity drive has less to do with macroeconomic policy and GDP growth, as it does in the West, and more to do with the Confucian philosophy of...

Xi Jinping’s Shrewd Maneuvering on Corruption

Although some believe that Xi Jinping’s recent consultation with retired Party leaders on the current leadership’s anti-graft campaign is a sign that incumbents lack the political will to push through reforms in the...

People’s Daily Slams Local Government Spending

The People’s Daily, which building its own new headquarters in Beijing, published an editorial on Monday which criticized local governments for spending public funds on luxurious offices. From Patrick Boehler of the South...

What to Make of Xi Jinping’s PLA?

For Foreign Policy, John Garnaut explores the rise of China’s military and the steps taken by new president Xi Jinping to tighten his grip over it. From Xi’s moves to curb corruption within the People’s...

PLA Starts Vehicle Revamp to Curb Corruption

The Chinese military on Sunday began replacing license plates on its vehicles, a fleet which includes luxury brands, in an attempt to crack down on excess and corruption within the People’s Liberation Army. From The Wall...

Military Brass to Serve Junior Stint Under New Order

Reuters reports that a new directive from president Xi Jinping, aimed at boosting morale within the People’s Liberation Army, will require top military officers to spend two weeks as junior soldiers every few years: Under...

Slow China Growth Spooks Investors

Hong Kong’s benchmark index fell the most in more than a week on Monday, as the South China Morning Post reports that surprisingly poor economic data out of China drove investors to dump stocks. And while one economist...

Are Xi Jinping’s Austerity Measures Working?

Andrew Jacobs of The New York Times reports that China’s free-spending government elites – and the businesses that cater to them – are feeling the squeeze under new president Xi Jinping’s austerity...

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