Former defense and foreign ministers Li Shangfu and Qin Gang have finally been officially cashiered, a new law is on the books to root out “historical nihilism,” and Beijing seems set to release new stimulus funding.
Real estate giant Country Garden is on the brink of default and is fighting off rumors its executives fled China. Here’s how the property giant fell, and why it matters.
Deploying sovereign wealth on behalf of state power has been one of the keys to China’s global rise. Zongyuan Zoe Liu’s comprehensive analysis of the evolution of China’s sovereign funds shows how China has doubled down on financial statecraft and become a global financier of surprising ambition.
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Want more like this? Subscribe to The China Project's official TikTok channel, The China Project, where Susan St.Denis explains complex topics about China clearly and simply in TikTok’s fast-evolving visual and verbal language.
Last week, Beijing released a plan to incentivize entrepreneurs and companies. Today, China’s top economic planning body announced another scheme to encourage private investment in a variety of projects, including public infrastructure.
Want more like this? Subscribe to The China Project's official TikTok channel, The China Project, where Susan St.Denis explains complex topics about China clearly and simply in TikTok’s fast-evolving visual and verbal language.
The Chinese Communist Party Central Committee and the State Council published a plan to reinvigorate private business after more than two years of crackdowns on entrepreneurs. Billionaires are vocally supporting the plan.
China has released official economic statistics for the first half of 2023. The numbers are not too bad, but they don’t seem to have reassured the markets about the country’s post-pandemic recovery.