Economy « Week In China

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Economy

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Why a triumphalist scholar has come under fire
Aug 17, 2018 (WiC 420)

Last month China’s ruling Communist Party launched a mass campaign to “deepen patriotism” in university faculties. One academic that the Party need not doubt in this regard: Hu Angang, head of the Institute for Contemporary China Studies ...

HNA to get restructuring assistance despite co-chairman’s fatal fall?
Jul 13, 2018 (WiC 417)

President Xi Jinping’s crackdown against corruption has struck such fear among Party cadres that a popular saying has it that they would rather meet Yang Wang (ruler of the Chinese underworld) than Lao Wang (aka Wang Qishan, formerly the ...

China’s finance minister proposes income tax reforms
Jun 29, 2018 (WiC 415)

Income tax was first introduced to the United Kingdom in 1799 as a means to raise funds for the war against Napoleon. In America, it was legalised by Congress in 1913 and by the final year of the First World War the top rate of tax had been set ...

Alibaba and Tencent join the effort to woo younger Hongkongers
Jun 22, 2018 (WiC 414)

Hong Kong’s sovereignty returned to China in 1997 but the Chinese government has found it hard to convince some Hongkongers, especially the younger generation, that it’s been a welcome homecoming to their historical and cultural roots. The ...

Debt-fuelled spending has left some middle-class Chinese feeling poor
Jun 1, 2018 (WiC 411)

One of Xi Jinping’s long list of aspirations for his time in office is to eradicate “extreme poverty” in China by 2020. According to Xinhua, over 68 million rural people have been “lifted out of poverty” in the last five years, with a ...

Negotiating teams call for a break on the march towards trade war
May 25, 2018 (WiC 410)

Global markets were cheered last Saturday by news that Beijing and Washington are putting tariffs on hold as they try to reach a deal in the trade row that has strained ties since the beginning of the year. The formal statement said that the ...

A slew of business executives have been arrested or jailed in recent weeks
May 18, 2018 (WiC 409)

What do a nightclub bouncer from Liverpool, a wind farm investor from Sicily, a stockbroker and investment advisor from New York and an insurance salesman from Zhejiang Province have in common? Mention their names – Curtis Warren, Vito ...

Could Hainan’s free trade port plan see it outpace Hong Kong as a hub?
Apr 20, 2018 (WiC 405)

For forty years after the 1949 revolution, the island of Hainan was part of Guangdong province for administrative purposes. Its economy was rudimentary, relying on fishing, rubber production and coconuts. The planners didn’t push for much more, ...

Chinese cities offer lucrative incentives to lure graduates
Apr 20, 2018 (WiC 405)

Free tickets for the Panda reserve, cheap housing and Rmb1,000 ($159.10) in payment just for turning up for an interview: these are some of the things that Chinese cities are offering in the fierce battle to attract graduate talent. The ...

US waste exports to China in the spotlight as wider trade row worsens
Apr 6, 2018 (WiC 403)

Sino-US relations seemed solid enough last November, when Donald Trump was delighted by his lavish “state visit-plus” to Beijing. He also came home with $250 billion worth of deals (see WiC387). But Washington’s relationship with Beijing ...

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