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News on the Chinese Economy

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Life begins at forty

President Xi tours Shenzhen to celebrate city’s major milestone
Oct 23, 2020 (WiC 515)

You start out with a remote fishing village and then you add free markets, hardworking people and buccaneering entrepreneurs. What do you get? Surging growth and the emergence of an economic powerhouse that becomes the envy of its peers. If ...

Don’t wreck the wok

“China’s Donald Trump” sentenced to 18 years in jail
Sep 25, 2020 (WiC 512)

A decade ago the property tycoon Ren Zhiqiang was one of the highest paid bosses in China. Back then he also started to be known as “Ren the Cannon” for his controversial comments, typically about issues in the real estate sector. Looking for ...

The delivery economy

Convenience has a social cost for China’s army of meal delivery drivers
Sep 18, 2020 (WiC 511)

When you order takeaway on either of China’s two main food delivery apps, a small icon of a motorcycle rider appears on a moving map so you can track when your food is about to arrive. What the app doesn’t show is the frantic activity ...

Turning the tables

Chinese firms take the lead in the Fortune list
Aug 28, 2020 (WiC 508)

Two years before the Standard & Poor’s 500 index was first introduced, investors already had a guide to the biggest businesses in the United States. That was down to Edgar Smith, then assistant managing editor of Fortune, who published a ...

The nuclear option

Why 90 key scientists resigned abruptly from a state research institute
Jul 31, 2020 (WiC 506)

For thousands of years scholars have enjoyed the highest social status in China. The Confucian value system afforded them great respect, asking that they eschew money-making and focus instead on their studies in the hope that their knowledge ...

Recruitment drive

Policymakers hunt for ways to get more graduates into employment
Jul 17, 2020 (WiC 504)

Who would want to be in the Class of Covid-19 in China? Most of these students have barely been on campus during their final year at university and now nearly nine million of them are looking for work in the worst job market in living ...

A tale of two CEOs

The founders of Ping An and Pinduoduo are both stepping down
Jul 10, 2020 (WiC 503)

Many of the rags-to-riches stories of China’s tycoons make for inspirational reading. Often just as interesting are the accounts of how some of the most astute entrepreneurs failed to stay at the top or even opted to step away from the ...

Hubei hit again

Wuhan and other areas suffer disastrous floods
Jul 10, 2020 (WiC 503)

The people of Hubei province must be wondering what they did to deserve 2020. Not only was it first to be afflicted by the coronavirus, it has also been badly flooded after seasonal rains fell with much greater force than ...

A tale of two cities

Local governments at loggerheads over criminal status of games distributor
Jul 3, 2020 (WiC 502)

In 2017 BBC correspondent John Sudworth carried out an experiment with the local police in Guiyang and found that they took just seven minutes to identify him, locate him and then pick him up as he strolled the city’s streets. Supported by ...

Leader of the pack

Tetra Pak opens 10 billion unit plant in Hohhot
Jun 26, 2020 (WiC 501)

Which is the most successful foreign brand operating in China today? Elon Musk’s Tesla captures many of the headlines, of course, but it is the Rausing family’s humble milk carton which probably wins the day in terms of market ...

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