Late last month, a rash of food-stall, restaurant, shop, and factory closures in Chaozhou and Shantou, two prefectural-level cities in China’s southern Guangdong province, went viral online. Many Chinese social media users...
Viral video and transcripts of two unusually critical speeches about the state of the Chinese economy—by economists Gao Shanwen and Fu Peng, respectively—have been deleted from multiple platforms almost as fast as netizens can...
The People’s Republic of China celebrated its 75th anniversary on Tuesday, October 1. The anniversary is both political spectacle and the advent of a week-long holiday marked by decidedly apolitical leisure travel. On the eve of...
On the Chinese internet, wall-to-wall state media coverage of the Chinese Olympic delegation’s departure for the 2024 Paris Games has been met with a shrug. With 405 Chinese athletes slated to compete across 236 events,...
The Third Plenum, a major Party conference on China’s economy held roughly once every five years, came to a close this past Wednesday. The closed-door meeting of Central Committee members reaffirmed the Party’s commitment to...
A recent WeChat post from oft-controversial entrepreneur, publicity hound, and philanthropist Chen Guangbiao urging the Chinese government to keep its hands off people’s pocketbooks has attracted many supportive comments from...
Weibo censors deleted an essay blaming China’s stagnating economic growth on “a failure of political reform” that also compared the Party-state to gangsters and “underworld bosses.” The essay by popular blogger “Mr. Liu Dake”...
A 2016 People’s Daily article predicting that China would enter the club of “high-income” nations by 2024 was recently deleted from People’s Daily Online. The deletion was likely due to the article being “maliciously reposted”...
By inadvertently “saying the quiet part out loud,” three recent media gaffes have touched off public debate on questions usually left unspoken. For some Chinese social media users, these blunders have provided an opportunity to...
China’s housing market woes continue, with recent data showing tumbling residential sales among developers and a decline in housing prices across 70 large and medium-sized cities. Adding to the complexity are concerns about...
Over the past month, in response to disappointing economic data, various Chinese government agencies have announced measures intended to stimulate household spending and bolster consumer confidence. China’s economy continues to...
From Economic Observer Online: China has averted the threat of its economy overheating, concluded a recent report issued by China’s State Information Center (SIC) on the country’s present economic situation. The...
Thanks to David Kelly for this translation: In the PRC, all who pay attention to the economic situation can see ever more clearly that Wen Jiabao’s macro adjustment has not achieved its anticipated effect. The speed of investment growth still shows no sign of dropping, while the proportion of expenditure by residents continues to fall. […]
Jiangxi province…is facing a difficult dilemma between economic development and environmental protection. In this dilemma, environmental regulators also face a problem – of which “buttock” to sit on. The Songhua River disaster, last November, pointed to the conflicts of interests that cripple environmental regulators at the grass-roots. Top domestic publications gave bird’s eye glimpses of […]
From Reuters: China’s top statistician was sacked after anti-corruption investigations implicated him in the Shanghai pension fund scandal, a spokesman for the National Bureau of Statistics (ÂõΩÂÆ∂ÁªüËư±ÄÔºâsaid on Thursday. Qiu Xiaohua ÔºàÈDZÊôìÂçéԺ■who announced a new “Happiness Index” this year to include living conditions, the environment and salary — was dismissed as chief of the […]
What to make of Qiu Xiaohua’s abrupt removal from his job as China’s chief statistician? No one really knows for sure yet. Last week’s tersely worded Xinhua news agency item sounded an alarm bell that something was amiss. Word around Beijing is that Qiu will not be reassigned: he committed a “severe disciplinary violation” (‰∏•ÈáçËøùÁ∫™). […]
From Forbes Report: A state-run think tank has suggested that the government further tightens credit and land supply to curb excess liquidity and ease excessive growth in fixed asset investment, according to a report published...
From Xinhuanet: China’s fixed asset investment, which cooled down a bit last year, has been growing rapidly so far this year, indicating that the country’s macro economy is entering a “difficult time”....
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