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Tag: chinese economy

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‘Unified National Market’ Push Exposes Steep Challenge of Reforming China’s Economy
On April 10, the Central Committee of the Chinese Communist Party (CCP) and the Chinese government’s State Council released an opinion document on “accelerating the construction of a unified national market.”  The opinion called for...
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Shenzhen Civil Servants’ Pay Slashed as Chinese Government Sees Fiscal Shortages
China has seen pay cuts for civil servants in recent years. Since the second half of 2021, the more affluent provinces of Jiangsu, Zhejiang, Guangdong, Fujian, and the city of Shanghai have started to announce...
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7 Ways China Is Destroying Its Own Economy
News analysis In 2021, China’s economy finds itself in chaos. According to its National Bureau of Statistics, China’s GDP grew by 18.3 percent in the first quarter, 7.9 percent in the second quarter, and fell...
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Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis Worsens
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders with the latest instructions on economic policy and social development, while indicating the severity of the country’s economic situation.  Speaking...
Many regions in China are facing a power crisis due to carbon emission targets and rising coal prices.
Power Cuts, Coal Shortages and Evergrande Failure Threatening Chinese Economy
China is facing an acute power crisis, something which can have a severe impact on one of the biggest economies in the world and a critical global manufacturing center. The power crisis has been triggered...
Beijing Renews Plans for Private Sector Reform as Economy Sinks
The Chinese leadership aims to create a new mechanism that would open up more of the economy to the private sector and lessen state interventionism, according to a May 18 report by the Communist Party-run...
China’s Official Growth Figures Are Impossible, Says Economist
The Chinese government on Oct. 18 released its third-quarter GDP growth statistics, claiming that the economy had grown by 6.0 percent, 0.1 percent lower than expected by a Reuters analysis.  But according to an academic...
Trump Could Maintain Tariffs on China for a ‘Substantial Period’
Ahead of a much-anticipated new round of talks between Beijing and Washington, President Donald Trump said on March 20 that the United States could keep its tariffs active on China for a “substantial period.” According...
Is Beijing Getting Ready to Tackle a Nationwide Crisis?
In recent years, China’s communist government has been getting more repressive, with expanding surveillance and Internet censorship, and the rapid construction of concentration camps for ethnic and religious minorities. All this has coincided with the...
China Making Overtures to Japan as US Hopes to Negotiate Free Trade Deal
While Washington and Tokyo prepare for talks on a bilateral free trade agreement between the world’s first and third largest economies, the Chinese communist regime is trying to appeal to Japanese officials and businessmen in...
Communist Policies Hurt China’s Coastal Economy as US Tariffs Loom
The Chinese private sector, having grown extensively in the last several decades, is now on the verge of collapse as China’s communist authorities squeeze companies for profits, and as Beijing maintains an unyielding stance in...