Quotes from the news wire:
Local governments are running short of money, or in some cases, out of money, funding zero-Covid was the most proximate cause for the crunch, but local finances are deteriorating for other reasons too, notably the rising burden of expenses associated with age-related spending.
Found on CNN 1 year ago
[The] crunch affecting health insurance is only a stone’s throw away from the larger one affecting pensions, and workers could edgily become agitated over poor pension and health care security, it’s possible protests by elderly citizens will spread.
Found on CNN 1 year ago
There has to be some resolution of the financial capacity of local governments to meet current, and prospective, age-related costs, otherwise, there could be rolling crises, layoffs, and reduced provision of public goods and services which could lead to political trouble.
Found on CNN 1 year ago
China's support for the Russian invasion of Ukraine was clearly the catalyst for capital to leave China.
Found on CNN 2 years ago
[ The government ] craves economic stability and prioritizes job growth above all else, but its policies are leading to precisely the outcomes it abhors or wants to avoid, it will be a big challenge for the government to keep stability in the crosshairs this year, without resorting to further infrastructure stimulus, which it supposedly wishes to downplay, and further budgetary and monetary easing.
Found on CNN 2 years ago
If Alibaba and Tencent are cutting payrolls by 10-15 %, we can be pretty sure that many other internet platforms in and related to the tech sector are in a similar position of having to cut costs.
Found on CNN 2 years ago
Like other nations, China wants a future based on high levels of innovation and productivity but is politically driven to create conditions which are stymieing both, the key challenge for China is going to be, with Xi in charge for a decade, are course corrections going to be possible ?
Found on CNN 3 years ago
I think it's untrue to say that companies are leaving China, though it's possible that a handful may have done. What has been happening on a significant scale is that many firms have been moving, or plan to move, some of their supply chain operations out of China to avoid tariffs, and or to go to places where they sense greater political and policy stability.
Found on CNN 5 years ago
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