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News on the Chinese Economy

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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 ...

Factory farewell

Why Johnson Electric’s departure from Shenzhen is symbolic
Jun 19, 2020 (WiC 500)

The Wang family behind Johnson Electric have a long history of riding the ups and downs of southern China’s manufacturing sector, dating back decades to the time when the People’s Republic of China was founded in 1949, and the family first ...

Guangdong billionaire held hostage in his home
Jun 19, 2020 (WiC 500)

In a shocking attack last year, Hong Kong actor Simon Yam was stabbed during a promotional event held by a property development firm. A popular rumour had it that the assailant ran a small firm that was going under because of late payment by the ...

China’s Hawaii gets a boost

Hainan’s free trade plan starts to take more shape
Jun 19, 2020 (WiC 500)

When the plan for a free trade zone in Hainan was first announced two years ago (see WiC405) the island joined a crowded field, with 11 other zones claiming similar status in China. Zones like these are typically launched with great fanfare, ...

Market indicators

Premier Li Keqiang pins hopes of a rebound on more street stalls
Jun 12, 2020 (WiC 499)

Many cities around the world now offer tours of their street-food scene. Knowing that street food had turned into a tourism attraction, the Hong Kong government toyed with the idea of introducing food trucks a few years ago. The policy was ...

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