President Xi Jinping has championed efforts to build China into a maritime power, adding that the country will pursue “converging interests” with other countries in oceanic development. At a study session with members of the Political Bureau of the Communist Party of China (CPC) Central Committee on Tuesday, Xi called for efforts to learn more about […]
The reality is China’s official urban unemployment rate has long been a near-worthless measure. Even during the global financial crisis in 2009, when tens of millions of workers in China’s export factories lost their jobs, the official rate barely stirred, and it has been moving between just under 4 percent and 4.3 percent for most […]
China bans construction of opulent government buildings for five years — not because it has built enough — but because it feels the move will lower corruption and excesses among officials. Read Here – The Atlantic
China’s economy has shown signs of not working since the fall of 2011, but most economists and analysts chose to ignore them. Now, just about everyone is commenting on Chinese economic weakness. Expert opinion never seemed more synchronized. Read Here – WorldAffairsJournal
In a commentary, Xinhua says that the sensational reports about and the Indian media hype about Chinese border intrusions are harmful to the China–India relationship. Read Here – Xinhua
China must deepen reforms in major areas with “ever more political courage and wisdom” to surmount the institutional barriers that are restraining growth, President Xi Jinping has stressed. Read Here – Xinhua
In the six months since he took over as General Secretary of the Chinese Communist Party (CCP), Xi Jinping has accumulated more power and more personal authority than any Chinese leader since Mao Zedong, the founder of the People’s Republic of China (PRC) whom Xi often quotes. Even Deng Xiaoping had to contend with a […]
To be sure, Chinese leaders would prefer balanced high growth to low growth. However, the current leadership is aware of the enormous risks of allowing highly distorted growth to continue. Since 2008, Beijing has maintained growth with a massive injection of credit, much of it invested in speculative real estate, excessive industrial capacity, and infrastructure […]
Publics around the world believe the global balance of power is shifting. China’s economic power is on the rise, and many think it will eventually supplant the United States as the world’s dominant superpower. Read Here – Pew Research
Well before Li and President Xi Jinping officially took the reins in March, exports were falling, manufacturing was contracting and economists were downgrading forecasts. Big reforms are always easier when growth is booming. If Li could wave a magic wand and get gross domestic product back into double-digit territory without pumping more air into China’s […]
looking beyond borders 