Vincent Kolo is a contributor to chinaworker.info. 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 […]
Continue ReadingLocal 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 […]
Continue ReadingPasha is a member of Socialist Action (CWI in Hong Kong). 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 […]
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