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”....
From Bloomberg: China may pay less to sell 20-year bonds than it did a year ago as economic growth spurs savings, giving banks more money to invest in local debt securities. The government plans to sell 30 billion yuan ($3.75 billion) of bonds maturing in 2026 this week. The 20-year bonds sold in May 2005 […]
From Beijing Review (link): At first glance, the official figures of China’s oil consumption in 2005 seem a bit confusing. With a robust economic growth and rising annual oil imports, China made the surprise announcement that its oil consumption growth rate was dropping sharply, from 15.3 percent in 2004 to 2.1 percent in 2005. Earlier, […]
Click on the image to download Firefly for circumvention
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.
