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News on the Chinese Economy

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The great debate

Does the government still have the tools to keep growth at 6%?
Nov 22, 2019 (WiC 475)

Back in March 2009 we here at Week in China wondered if the impact of the global financial crisis would see the Chinese economy grow at less than 8%. Probably not, we reckoned, because the number was so deeply engrained as a bottom line for ...

Watching the watcher

How the handling of staff bonuses has landed Hikvision in trouble
Nov 22, 2019 (WiC 475)

Financial incentives have been a tricky topic for China’s state-owned enterprises (SOEs). In an earlier era when everyone was getting a similar salary regardless of performance, productivity was low and many SOEs were lossmaking. Going into the ...

The market sends a message

Signs of strain in Shenzhen’s economy, despite solid foundations
Nov 15, 2019 (WiC 474)

‘Shenzhen speed’ is normally a positive expression, describing how the southern Chinese city gets things done at a rapid rate (the term was coined by Deng Xiaoping, who noted “when they build houses they can finish a whole floor in a few ...

A market that matters

HSBC’s latest trade survey showcases the rise of China’s consumers
Nov 8, 2019 (WiC 473)

Xi Jinping was back in Shanghai on Tuesday to open the second China International Import Expo, a major trade convention that promotes the country as a buyer of the world’s goods. The Chinese media championed the gathering, predicting more ...

Slower, but bigger

Another drop in GDP growth rate to 6%
Oct 25, 2019 (WiC 471)

The last time that China’s GDP was growing at 6% was the third quarter of 1992. Because growth in the third quarter of this year was the same, journalists were soon reporting the story under headlines about the worst results for nearly 30 ...

China’s social credit system adds 33 million firms
Oct 4, 2019 (WiC 469)

In 2014 China’s State Council set itself a target to promote ‘social credit’ rating systems across the nation. Different local governments and central authorities were encouraged to set up their own systems – in the hope one day they’d ...

Does the trade war really spell the end for China’s manufacturing base?
Oct 4, 2019 (WiC 469)

The way that Donald Trump tells it, China’s manufacturing sector is close to collapse, fatally wounded by Washington’s tariffs on Chinese imports. Last month the American president was celebrating how China’s supply chain was “breaking ...

Battle of the Bund begins

Why business bosses in Shanghai have been losing sleep
Sep 13, 2019 (WiC 466)

Chinese leaders have regularly relied on anti-corruption campaigns to eliminate adversaries and consolidate power. In 1951 Mao Zedong launched the “Three-Anti” campaign, targeting fellow cadres under the title of rooting out corruption and ...

Macau’s new boss coy about casino licencing plan
Sep 13, 2019 (WiC 466)

Gambling on election results has become big business in recent years. Colourful candidates help juice up the betting. For instance, when Donald Trump first announced his campaign for the presidency in August 2015 the odds on his victory were 25 ...

Sins of the father

The most unusual bribe yet: a son, or two, for the ex-statistics chief
Sep 6, 2019 (WiC 465)

Maybe Mark Twain was right when he talked about ‘lies, damn lies and statistics’. Certainly the maxim has merit in the case of Wang Baoan, a man who held the post of director of the National Bureau of Statistics for less than a year in 2015, ...

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