China

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