Europe Solidaire Sans Frontières
Many articles on today’s China economy are still in the section “history: in the transition to capitalism”. They will progressively be put in this one.
The draining 996 work schedule—named for the expectation that employees work 9 a.m. to 9 p.m., six days a week—has persisted in Chinese companies for years despite ongoing public outcry. Even Alibaba co-founder Jack Ma once called it a “huge blessing.”
In early October this year, it seemed the (...)
China has long seen high-speed economic growth tied to property investment. That model is now failing.
The ongoing crisis for Chinese property developer Evergrande has made the giant company the focal point of global concern. Creditors, investors, contractors, customers, and employees of (...)
An otherwise unremarkable government official, Wang Lin, has become an unexpected internet celebrity. A video featuring the middle-aged, bespectacled Wang moonlighting as a driver for food delivery giant Meituan has gone viral and reignited discussion on the pay and conditions of workers in the (...)
Since February, various parts of China has resumed work and production when the COVID-19 pandemic was reportedly under control.
However, due to the serious epidemic in Europe and the United States, orders from abroad have been greatly reduced, which takes another dent into the Chinese economy. (...)
The coronavirus outbreak has led to a steep decline in demand in China’s job market, with employment ads tumbling by 27 per cent in the first quarter. New study shows that export-oriented firms and companies with foreign investment particularly aggressive in cutting new hires.
The coronavirus (...)
Developing countries’ ‘hidden debts’ to China totalled US$380 billion well before the global health and economic crisis, analysts estimate. Montenegro, which has a US$750 million Chinese loan for highway construction, is among the borrowers seeing commodity prices plunge and exchange rates shift. (...)
The Chinese Communist Party has vowed to deepen market-oriented reform in key sectors of the economy, from land management to labour. Policy comes as China faces increasing headwinds, including the possible realignment of global value chains after the coronavirus pandemic.
China has vowed to (...)
China set to feel force of an up to 32 per cent slowdown in global trade, according to World Trade Organisation calculations. Officials in Beijing increasingly open about the coming shock to the Chinese economy from the virus containment efforts elsewhere.
The incoming global trade slump will (...)
Some 460,000 Chinese firms shut in the first quarter amid fallout from the coronavirus. Registration of new firms between January and March fell 29 per cent from a year earlier.
More than 460,000 Chinese firms closed permanently in the first quarter as the coronavirus pandemic pummeled the (...)
A series of data points show where world trade is going, and the picture for air and sea freight is not a pretty one. Supply and demand crises are coalescing on the high seas, as more countries shut their borders.
On Tuesday 31, the Port of Wuhan, a vital cog in China’s heavy industry supply (...)
As companies from Ford to Toyota to Volkswagen shut their global plants amid coronavirus outbreak, the impact resonates in China. In 2019, China exported US$53 billion worth of auto parts, but now firms are having orders cancelled in the US and Europe.
China
After a nationwide shutdown in (...)
Overdue credit-card debt in China rose by about 50 per cent in February, bank executives say. Issues in world’s second-largest economy ‘are a preview of what we should expect throughout the world’, says research fellow at the Peterson Institute for International Economics in Washington.
Like (...)
A welcome critique of global finance is admirably angry but fails to properly identify the crisis brewing in Beijing
The great dividing line in economics – ever since its birth – is how to think about money. Are money and the financial systems through which it flows essentially irrelevant, no (...)
Leaders of world’s second-largest economy face some of their most difficult policy decisions in years in 2019.
To make ends meet, Xu Yuan, 33, has to share a bed with her best friend in Shanghai where she works in marketing. A curtain marks her half of the bed. She stays at work as late as (...)
Would the US be better off helping stabilize the Chinese economy, rather than gearing up for a trade war?
Conventional wisdom holds that China is on the ascent and the United States is in decline, that China’s economy is roaring with raw energy and that Beijing’s “Belt and Road” mega-project of (...)
In late summer a sudden surge in the number of couples seeking a divorce was reported in Shanghai. This was not due to a high number of relationships suddenly falling apart. Instead, rumours were being circulated that the municipal government would soon introduce new tougher restrictions for (...)
China completes world’s largest radio telescope – raising hopes of finding new worlds and alien life.
Boasting half a kilometre in diameter, it is the largest telescope dish in the world to date. The 500-metre Aperture Spherical Radio Telescope (FAST), which has been under construction in the (...)
The Chinese state’s intervention after the stock market crash was immensely political — as was the collapse itself.
The sheer enormity of the destruction was staggering. In less than a month, from mid-June to early July, the Shanghai Composite Index plunged by 30%, wiping out more than $3 (...)
The Chinese state’s intervention after the stock market crash was immensely political — as was the collapse itself.
The sheer enormity of the destruction was staggering. In less than a month, from mid-June to early July, the Shanghai Composite Index plunged by 30%, wiping out more than $3 (...)
It’s weird to worry about China when it’s still growing more than 7 percent a year, but it’s a little less so when you consider how mammoth its credit bubble has gotten.
The numbers are historic. China’s total debt has sprouted from 153 percent of gross domestic product in 2008 to 282 percent (...)
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