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News on the Chinese Economy

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State of the unions

Why Chinese workers hate their trade unions
Jun 11, 2010 (WiC 64)

For former UK Prime Minister Margaret Thatcher, the labour unions were “the enemy within”. So much so that she relished confronting them, culminating in the brutal Miners’ Strike of 1984/5. But in China the trade unions are a less ...

No longer working

Suicides at Foxconn, strikes at Honda. Is the ‘Made in China’ model broken?
Jun 4, 2010 (WiC 63)

"Definitely not a sweatshop“ is Terry Gou’s defiant response to accusations that employee misery is behind the 10 fatalities this year at Foxconn’s Shenzhen factory. But Gou, chairman of Foxconn’s parent Hon Hai Precision Industry, ...

Dealing with the Euro trash

How bad will a European slowdown prove for China?
May 28, 2010 (WiC 62)

The financial mess in the Eurozone has been “surpassing expectations” in terms of its severity, according to Chinese premier Wen Jiabao. But for some of the country’s legion of speculators and stock-pickers, there just might be a silver ...

Government woos private investment
May 21, 2010 (WiC 61)

The title of Ian Bremmer’s new book, The End of the Free Market, seems to make the point clearly enough. His prediction: that companies from free market economies will face increasing competition in developing markets from the “state ...

First, talk of a bubble. Now a bear market. What’s going on?
May 14, 2010 (WiC 60)

It’s a subject worthy of Adam Smith, JM Keynes and Milton Friedman: how is it possible to have a bubble at the same time as a bear market? It may sound contradictory, but China appears to have both at the moment. As reported in WiC57, some ...

It’s thanks to Asia

New survey predicts rising China trade volumes
May 14, 2010 (WiC 60)

Look ahead with confidence, and increasingly look south eastwards too. That was the message emerging last week from the Chinese participants in a regular industry survey, which measures trading company sentiment. The HSBC Trade Confidence ...

Austerity’s for Athens, not us

Chinese leader calls for higher wages as means to boost consumption
May 7, 2010 (WiC 59)

Have we reached a tipping point where China’s workers finally become consumers? President Hu Jintao’s endorsement of higher wages last week heralds another attempt to re-engineer China’s export-focused economy. But it comes at a time when ...

As property soars, Shanghai loses talent
Apr 30, 2010 (WiC 58)

Silent is Cambridge tonight… very quietly I left… Not even a wisp of cloud will I bring away.” So ends Xu Zhimo’s Saying Farewell to Cambridge – a poem that few alumni of the British university will be aware of. But it turns out to ...

Tower blocks and treadmills

Debate heats up on whether China is world’s biggest “bubble”...
Apr 23, 2010 (WiC 57)

"I can calculate the movement of the stars, but not the madness of men.” This was the justification given by Sir Isaac Newton when he lost a fortune investing in the South Sea Bubble nearly 300 years ago. With subsequent bubbles, smart ...

Paper industry booms at expense of economy
Apr 23, 2010 (WiC 57)

Drought is still ravaging China’s southwest – and climate change is not the only culprit. Environmentalists and academics say the ‘once-in-a-century drought’ was made much worse because native forests were cut down to make way for ...

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