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News on the Chinese Economy

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The diversification trade

Analysts mull ramifications of Vietnam’s exports now surpassing Shenzhen’s
May 6, 2022 (WiC 583)

Not many Chinese pay too much attention to what is happening in Vietnam. But the Southeast Asian country did make unwelcome headlines in February after beating China 3-1 in a qualifier for the football World Cup, which eliminated any chances of ...

Tian Huiyu’s dramatic fall

Why has China’s most successful banking boss just been removed?
Apr 29, 2022 (WiC 582)

“Two things awe me most,” Immanuel Kant wrote in his Critique of Practical Reason. “The starry sky above me and the moral law within me.” That poignant quotation was inscribed on the German philosopher’s tombstone. Last month the ...

A waste of talent

Why a Beida PhD opts to become a chengguan
Apr 29, 2022 (WiC 582)

Three years of high school, three years for a bachelor’s degree, two years for a master’s, and at least three years for a PhD – that’s how long many of the recent applicants for lowly government jobs in Beijing spent in education. As ...

Charging into our list

Latest update to our Top 50 Unicorns ranking adds more EV-related firms
Apr 22, 2022 (WiC 581)

For anyone watching the new Apple TV+ drama WeCrashed about Adam Neumann’s meteoric rise and implosion as the boss of WeWork, the unicorn will be a familiar image. That’s because in the opening credits the mythical horned beast ...

A strategy under strain

Shanghai lockdown is angering residents and triggering supply worries
Apr 22, 2022 (WiC 581)

Few people are aware today that even after Shanghai fell to the Japanese army in 1937 about 1,000 US Marines remained stationed in the parts of the city formerly in the British concession district. And even though the city faced food ...

Waiting for the final audit

What do Didi, TuSimple, Arm and TikTok tells us about Sino-US relations?
Apr 8, 2022 (WiC 580)

In September 2014 Facebook hosted a conference at its headquarters to discuss how the tech sectors in China and the US could work more closely together. One of the attendees was Zhang Yiming, the founder of the then two year-old Chinese start-up ...

The politics of lockdown

Debates over Covid policies resurface as Hong Kong modifies its approach
Mar 25, 2022 (WiC 578)

In April 2003, the Chinese health minister and the mayor of Beijing were both dismissed for their mishandling of the deadly SARS outbreak. The mysterious infection is believed to have first been identified in late 2002 in southern China. But the ...

Prime minister’s questions

Li Keqiang tackles old problems as his 10-year premiership draws to a close
Mar 11, 2022 (WiC 576)

When Li Keqiang met the press as the Chinese premier for the first time in March 2013, he vowed to keep the economy growing by continuing with market reforms and promoting social fairness. “Sometimes stirring vested interests may be more ...

The power of social media

Xuzhou scandal sees city’s bonds and consumer brands boycotted
Feb 25, 2022 (WiC 574)

It’s been a month since news broke of the “Feng County mother of eight” – a mentally ill woman chained in a freezing outhouse near the city of Xuzhou in Jiangsu (see WiC573). Yet the local authorities have offered few answers. As a ...

The show goes on

What CCTV’s Gala says about China’s economy
Feb 11, 2022 (WiC 572)

China’s state broadcaster CCTV has shown the Spring Festival Gala every Chinese New Year since 1983. The show is easily the most watched TV programme in history, according to Guinness World Records. Creative ideas and interplay with the ...

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