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News on the Chinese Economy

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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, ...

What next in Hong Kong?

We explore four options for how the city’s protests could play out
Aug 23, 2019 (WiC 463)

Hong Kong lays claim to being one of the safest places to live in the world, making the sudden disintegration of public order this summer all the more startling. More than two months of protests have seen hundreds of thousands of people on the ...

Riled by the redback

The China-US trade row has escalated into a currency war too
Aug 23, 2019 (WiC 463)

Wars have a habit of breaking out over the summer holidays. Iraq invaded Kuwait in August 1990, Israel clashed with Lebanon in late July 2006, and Russia squared up with Georgia at a similar time two years later. Much further back, World War One ...

Chinese firms celebrate new Fortune 500 list
Aug 2, 2019 (WiC 462)

The American singer Dinah Washington once marvelled about the difference a day makes. But in the corporate arena, it can take a decade for the fortunes of some of the world’s largest companies to shift. There are few better barometers than ...

China’s GDP growth rate slows again – and Trump claims the credit
Jul 19, 2019 (WiC 460)

I used to say he was a good friend of mine. We're probably not quite as close now,” Donald Trump said of the relationship with his Chinese counterpart Xi Jinping this week. Trump’s claim to being a personal pal of Xi’s has always been ...

Bankruptcy of Ningbo’s top developer revives concern over shadow banks
Jul 5, 2019 (WiC 458)

Anbang in Chinese means “giving stability to the country”. Backed by a number of well-connected princelings, the insurer was synonymous with acquisitive Chinese firms’ appetite for international trophy assets. But the owner of the Waldorf ...

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