China

The Olympics, big business and dictatorship
By August 5, 2016 Read More →

The Olympics, big business and dictatorship

A short history of the Olympics: Vincent Kolo, chinaworker.info A short history of the Olympics: Rather than the Olympic movement’s self-professed ideals of ‘internationalism’ and ‘fair play’, the Games are about two at first sight contradictory forces: nationalistic flag-waving and capitalist globalisation The Rio Olympics kicks off this week. The 2016 games, like their forerunners, will […]

China – Crisis set to deepen

China – Crisis set to deepen

Year of the Monkey opens with economy in worst situation for decades As its factories restarted after the Chinese New Year holidays, China was facing its worst economic crisis in decades. The government’s official data do not give the true picture, maintaining the fiction of GDP growth of 6.9 percent in 2015. Even this represents […]

World economy: China crisis triggers panic on global markets

World economy: China crisis triggers panic on global markets

More than $5 trillion wiped off global stock markets in two weeks since Chinese devaluation “Black Monday” exclaimed China’s official news agency Xinhua as China’s stock market slumped 8.5 percent on 24 August. This triggered the sharpest falls on world stock markets since the 2008 financial crisis on growing fears of a China-led global recession. […]

Posted in: China, Economy, International
Hong Kong: Politics transformed by ‘Umbrella Revolution’

Hong Kong: Politics transformed by ‘Umbrella Revolution’

A fighting democratic movement must be created to continue and build upon this historic “first round” After almost three months that transformed the outlook of hundreds of thousands if not millions in Hong Kong, the ‘Umbrella Revolution’ withdrew from the streets. The movement demanding free elections, as opposed to a rigged Iran-style election model as […]

China: Hard landing in 2015?

China: Hard landing in 2015?

China’s economic slowdown already being felt throughout world economy “The most important number in the world, for the past 30 years and next five years, is China’s growth rate,” declared BBC Economics Editor Robert Peston. With a stream of data confirming a pronounced slowdown in the Chinese economy, fears are rising that this will act […]

Posted in: China, Economy, International
China: The great slowdown

China: The great slowdown

Signs that the mammoth property bubble is finally bursting belie Beijing’s upbeat GDP data On July 16 the Chinese government released its GDP figures for the second quarter, causing global financial markets to heave a collective sigh of relief as 7.5 percent growth was announced. This figure (Beijing’s GDP data is notoriously prone to manipulation) […]

Posted in: China, International
China: 50,000 Strike at sports shoe manufacturers

China: 50,000 Strike at sports shoe manufacturers

Local government, police and company bosses coordinate crackdown It is one of the biggest strikes in China for decades and has attracted international attention. The strike at factories owned by Yue Yuen Industrial Holdings in the Dongguan township of Gaobu is already one for the history books. Dongguan is in Guangdong province, which accounts for […]

Posted in: China, Work
China: Regime at a crossroads

China: Regime at a crossroads

New leaders facing economic and political crisis China has entered a period of crisis. Even its leaders recognize this. The new president, Xi Jinping, admitted that the current crisis could threaten the CCP-state (Chinese Communist Party) with extinction within 10 years. A senior economist recently warned in an internal government report that failure to reform […]

Posted in: China, International