The Big Bo Trial

Bo Xilai, the former Politburo member charged with bribery and abuse of power, will go on trial on Aug. 22, bringing the Communist Party’s gravest scandal in more than 20 years a step closer to its conclusion. Bo will face trial in the eastern Chinese city of Jinan in Shandong province, the official Xinhua News Agency […]

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The Next Leap Forward For China

On June 20 of last year, two and a half months after disgraced former Chongqing Communist Party Chief Bo Xilai was dropped from the Politburo, another member of China’s elite 25-man decision-making body was all smiles in the southern city of Dongguan. During a tour of the bustling factory city, one of the most overt symbols of […]

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How 2012 Changed China

In ways that China’s leaders were probably not expecting, the Year of the Dragon lived up to its hype. According to the Chinese zodiac, 2012 — as a dragon year — was supposed to be particularly lucky and momentous, charged with auspicious signs of change. While the Chinese government may dispute that this year has […]

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China’s Hu Warns Corruption Could Lead To Collapse Of Communist Party, State

Hu Jintao on Thursday said the Communist Party of China (CPC) must make unremitting efforts to combat corruption, promote integrity and stay vigilant against degeneration. Hu said combating corruption and promoting political integrity, which is a major political issue of great concern to the people, is a clear-cut and long-term political commitment of the Party. […]

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Why the Yuan Is Rising

China’s currency hit a 19-year high against the U.S. dollar on Friday. Not coincidentally, on the same day the yuan rose to 6.238 against the greenback, disgraced former Politburo member Bo Xilai suffered his latest indignity, with the official Xinhua News Agency announcing his removal from the National People’s Congress, China’s rubber-stamp legislature. “According to the law on […]

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Zhang Weiying: China’s Anti-Keynesian Insurgent

It’s a rare afternoon in the Chinese capital when smog hasn’t blocked the skies, and one of China‘s most famous economists is in a sanguine mood. The economy is in trouble as the Communist Party heads for a once-in-a-decade transfer of power while prosecuting its former golden boy, Bo Xilai, on criminal charges. Worried investors […]

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China’s Princelings Are Running Amok. And Bo Xilai Is Just The Tip Of The Iceberg

Some of China‘s most respected public intellectuals are warning that society and economy are being held hostage to the wealth-maximizing requirements of the political elite. These warnings echo privately in business circles, too, where entrepreneurs continue to be enthralled by the prospects of short-term profits but increasingly alarmed about their personal and financial security. Officials in developed […]

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