China’s recent troubles with Islam and unruly provinces like Xinjiang are not new, nor typically for communist rule, writes journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, for the New York Review of books. “It would be tempting to say that all of this is just typical Communist excess, something in the party’s DNA that forces it to turn to repression and violence to solve problems. But the long history of Islam’s persecution points to older, deeper problems in the Chinese worldview.”
Category Archives: government
Chinese media got orders to avoid bad news on the economy, but according to financial analyst Sara Hsu, signs indicate that China is unofficially in a recession. Spending has gone down despite encouragement from the government to spend more.
Internet giant Alibaba might have sold for close to 31 billion US dollar at China’s Single’s Day, but author Zhang Lijia notices also growing concern on the massive shopping festival, she tells Upm Pulp. Consumerism and environmental concerns emerge with the growing turnover.
Videos of 5-star hotels in China showed unhygienic practices and went viral last week. But business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, did not see anything new here, apart from the Western media picking up the upheaval this time, he tells at the Bangkok Post.
Journalist Ian Johnson, author of the bestseller The Souls of China: The Return of Religion After Mao, will join a PdD program with Philip Clart at the Leipzig University with a study on urban religion and civil society in China.
China’s financial institutions ponder on the pros and cons of a currency devaluation as the effects of the trade war with the US start to kick in. While devaluation is on the agenda, it would be a tricky road, says financial analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation, at CapitalWatch.
Investors in Chinese equity know from the past they have put their money on a roller-coaster. But the recent drop is very rough, and – says financial analyst Sara Hsu to the ChinaUSFocus, the drop is worse because much stock has been used as collateral for loans.
The trade war between the US and China might only be starting, the fight is going to be one for the long haul, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, according to Dow Jones. “The U.S. and China are in for a long and acrimonious confrontation,” he says.
“House of Cards” might be a cynical parody on US politics, millions of Chinese also enjoyed the Netflix production and hade it a huge impact in China. Cultural expert and China expert Tom Doctoroff, author of What Chinese Want: Culture, Communism, and China’s Modern Consumer, explains to the Washington Post why. “It essentially confirmed that our government is not so different than theirs.”
Devaluating the Chinese Yuan can be an attractive, but also dangerous way for China to deal with the effect of the ongoing trade war, says financial and political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation to Reuters. ” It is likely that corruption is returning, which will undermine Chinese capital control measures.”