With unemployment in China rising, economic stimulus is urgently needed. But Premier Li Keqiang has been wise to highlight the importance of not overdoing it.
Governor of the People's Bank of China, Yi Gang. Credit: IMF/Ruan Rayburn via Flickr
When high levels of capital investment spending fueled a sustained increase in Chinese inflation from 1991 to 2011, the authorities quickly brought the situation under control, and over the last decade, CPI has rarely exceeded 2%, compared to 5.4% in 2011. With policymakers in most major economies now losing their grip on price stability, can China continue to keep a lid on inflation this year and next?
To answer this question, it is worth considering how China succeeded in curbing
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The recent conviction of Jimmy Lai, Hong Kong’s most famous dissident, on alleged national security offenses was the end of a process set in motion years ago by the Chinese Communist Party. Lai, who could have sought safety in another country, chose to stay and fight.
The journalist talks about the latest series of her podcast Face Off where she covers topics ranging from China’s nuclear build-up to robots to Gen Z’s woes.
An award-winning podcast about the world’s two superpowers, the two men in charge, and the vital issues that affect us all. Face-Off cuts through the noise for the real story, with essential historical context.
In this season, longtime foreign correspondent for The New York Times Jane Perlez and celebrated China historian Rana Mitter cover Xi at the negotiating table, Gen Z disillusionment, China’s military rise, Pacific tensions, tech advances, and soft power.
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