Despite the hope of the international financial community, China is not heading for structural reforms, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, to CNBC. Pushing up demand is not high on the agenda for China’s leadership, he says, and they do not want to push up debts levels to new heights.Read More →
Leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, says most economists are wrong in suggesting China wants to push consumer demand. Fixing stability is key, he says according to MSN.Read More →
Business analyst Shaun Rein, author of The Split: Finding the Opportunities in China’s Economy in the New World Order, explains why China’s mini-bazooka will not help its economy in the long run. People need a serious fiscal stimulus, so they are confident about the economy again, he argues in a talk with David Lin. “People have to feel safe again before they are going to spend the money they made again,” he adds.Read More →
Some e-commerce firms in China have profited from a rally of their stocks, triggered off by a major financial stimulus, but that might not help the economy to really improve, says financial analyst Shaun Rein at CNBC. It’s a rally of exuberance, he adds, and might only triple down into the economy in six to nine months. The real problem is for example companies cannot fire their staff very easily, and make their lives hard, hoping they will leave by themselves, he says.Read More →
A unique set of meticulous diaries, written by communist party member and reformist Li Rui, the secretary of Mao Zedong, have emerged in legal battles. Stanford University obtained them from Li’s daughter, but China is eager to get them back. Historian Ian Johnson, author of Sparks: China’s Underground Historians and their Battle for the Future, comments on the diaries and fears they will disappear into the black hole Beijing’s archives are nowadays, he tells at ABC News.Read More →
Independent Australia reviews Ian Johnson’s latest book Sparks: China’s Underground Historians and their Battle for the Future and supports his effort to avoid pressure from the government to forget the past. “Johnson gives us access to some of the recent events that have already been obliterated from Communist China’s official history, from the murderous disasters of Mao’s crackdowns on critical thinking to the cult rise of Xi Jinping.”Read More →
China’s economic situation has deteriorated over the past two months, says business analyst Shaun Rein in a discussion on CNBC. The hope for a financial bazooka to boost the economy by the government has not materialized and is unlikely to do so. The government seems fine with the current 4/5% growth and also lacks the money to spend as tax income has remained poor, while geopolitical challenges forces the Chinese government to be prudent too.Read More →
Why is China calling itself a democracy when it is not according to most definitions? China scholar Ian Johnson, a fellow at the Wissenschaftskolleg zu Berlin, discusses this and other political issues at the Council on Foreign Relations. In the same way, it is not a dictatorship where Xi Jinping can decide on all issues in the country, he says.Read More →
Whether the world is heading for a recession does not depend on the state of China’s economy, but on demand in de US, says China economist Arthur Kroeber at the CNBC. In the eyes of Xi Jinping, China is not doing as bad as some economists say it does, he adds.Read More →
Officially China does not allow single women to freeze their eggs and forces them to go abroad or even register children of single mothers to register. But demographic pressure is already changing those restrictions on a provincial level, says author Zhang Lijia in the Guardian who expects more changes to come.Read More →
China is pumping billions of US dollars to safeguard the essential supply of semiconductors, now into a third state-back fund, says Winston Ma adjunct professor of law at NYU School of Law at CNBC.Read More →
Foreign media too often focus on China’s crackdown on religion, but former foreign correspondent Ian Johnson, author of Sparks: China’s Underground Historians and their Battle for the Future, sees an opposite trend as China’s government started to support traditional faiths, in an effort to gain new legitimacy, he writes in the Council on Foreign Relations. Read More →