Desmond Shum built a multibillion-dollar empire in the boom times, and says the economy is in far worse shape than outsiders realize.
Category: Communist Party of China
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Congress Spotlights Forced Labor Concerns With Chinese Shopping Sites Shein and Temu
A congressional investigation into Temu and Shein offered new insight into services that are delivering a deluge of cheap and little-regulated products.
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China’s Economic Rebound Hits a Wall, With ‘No Quick Fix’ to Revive It
Policymakers and investors expected China’s economy to rev up again after Beijing abruptly dropped Covid precautions, but recent data shows alarming signs of a slowdown.
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China’s Young People Can’t Find Jobs. Xi Jinping Says to ‘Eat Bitterness.’
With youth unemployment at a record, the Communist Party is trying to reset expectations about social mobility by talking up the virtue of hardship.
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Why China Doesn’t Have a Property Tax
Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
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The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
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Capvision, a Consulting Firm, is Raided by Chinese Authorities
The investigation of Capvision Partners comes amid increasing scrutiny by Beijing over national security that has sent a chill through the foreign business community.
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Even as China Reopens, Security Visits Spook Foreign Businesses
Fears are growing that the Communist Party’s increasing focus on control over information about markets and companies is behind the questioning of firms.
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China Is Cracking Down on Bankers. Here Are Some of the Targets.
As Xi Jinping and the Communist Party further exercise control over the economy, the financial sector is coming under close scrutiny.