Economy « Week In China

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Economy

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A blogger’s call for a centralised economy strikes a nerve in business circles
Oct 19, 2018 (WiC 428)

Like many businesspeople in China, Wu Xiaoping’s name card is stuffed with job titles. He identifies himself as an economist, a professor and a banker. He also mentions other accolades. He’s a “financial industry veteran” from China ...

Why business bosses are running away – again
Aug 31, 2018 (WiC 422)

It’s the vacation season for beleaguered bosses around the globe but in China a few of them have headed off on holidays from which they did not intend to return. Yang Zhizhui, the chairman of casino operator Landing International, was one of ...

Why the government wants to boost the birth rate
Aug 24, 2018 (WiC 421)

Discuss a social or economic problem with people in cities like Beijing or Shanghai and you get tend to get a fatalistic response: “China’s population is too big”. But while this explanation has been drummed into people for decades, the ...

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 ...

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