Behind China’s 2020 Economic Numbers
◎ A closer look at official data reveals a wobbly economy on the verge of crisis, and not solid “recovery” or healthy “growth.”
◎ A closer look at official data reveals a wobbly economy on the verge of crisis, and not solid “recovery” or healthy “growth.”
SinoInsight 1 Jan. 13 1. After his run-in with the authorities late last year, Alibaba and Ant Group founder Jack Ma “disappeared” from public view for several weeks, prompting speculation about his safety and whereabouts. Wired Magazine, citing “sources close to Ma,” say he is currently in Hangzhou City “lying low, keeping himself …
SinoInsight 1 On Jan. 11, Xi Jinping delivered a speech during the opening ceremony of a seminar for leading provincial and ministerial-level officials on the “implementing the spirit of the Fifth Plenary Session of the 19th Central Committee” in Beijing. Premier Li Keqiang, the other five members of the Politburo Standing Committee, and …
SinoInsight 1 Near the end of 2020, the CCP declared “victory” over the coronavirus and began rolling out vaccines. However, COVID is “re-emerging” across China in entire districts or pockets of at least seven provinces and directly administered municipalities. Local governments where coronavirus cases are spiking have entered “wartime mode.” Shijiazhuang, the capital …
Read moreCoronavirus cases on the uptick in China; the U.S. continues to get tough against the CCP
SinoInsight 1 Dec. 30 Xi Jinping chaired the 17th meeting of the Central Comprehensively Deepening Reforms Commission and delivered a keynote speech. Highlights of Xi’s speech include: Xi stressed that since the Third Plenum of the 18th Party Congress (2013), Party Central has, with “unprecedented determination and strength,” broken through “the fetters of …
Read moreXi and the CCP take a ‘victory lap’; HK Youth Care Assoc. is disbanded
SinoInsight 1 Dec. 10 The Yunnan branch of Hupan University, a corporate business school in Zhejiang Province founded by Jack Ma, announced that it has stopped accepting bids to build the school campus. This Aug. 25, the Kunming local government signed a cooperation framework agreement with Hupan University to establish a branch university …
Read moreThe CCP continues to address ‘financial disorder,’ no let up in US clamp down on China
SinoInsight 1 Recently, Zhejiang, Hunan, Inner Mongolia, Jiangxi, and other provinces issued notices concerning power restrictions and suspension of production. According to mainland media reports, the power restrictions are due to limited power supply. The type of restriction enforced differs from place to place, but the affected areas have carried out some or …
SinoInsight 1 The CCP has been stepping up its “wolf warrior” diplomacy ever since Xi Jinping congratulated Joe Biden on Nov. 25. Notable actions in the week of Dec. 7 include: Dec. 7 1. PRC foreign minister Wang Yi said in a video dialogue with the board of the U.S.-China Business Council that …
SinoInsight 1 On Dec. 8, Huang Hong, vice chairman and Party Committee member of the China Banking and Insurance Regulatory Committee, spoke at the 2020 China Trust Industry Annual Conference. Huang’s main points include: Huang criticized China’s trust industry for moving from direct financing to indirect financing and turning off-balance sheet business into …
SinoInsight 1 In the first week of December, a video of a Nov. 28 speech in Shanghai by Di Dongsheng, vice dean of Renmin University’s School of International Relations, went viral. The video was later censored in mainland China, but continues circulation abroad. In his speech, Di acknowledged that the CCP had been …