China: Regime at a crossroads

China: Regime at a crossroads

New leaders facing economic and political crisis Pasha, Socialist Action (CWI Hong Kong) China has entered a period of crisis. Even its leaders recognise this. The new president, Xi Jinping, admitted that the current crisis could threaten the CCP-state (Chinese Communist Party) with extinction within 10 years. A senior economist […]

China: Li Keqiang prepares economic ‘shock therapy’

China: Li Keqiang prepares economic ‘shock therapy’

Capitalists commentators applaud ‘Liconomics’ but its effects on the global economy can be disastrous chinaworker.info “China has basically said goodbye to 8 percent GDP growth,” declared Ha Jiming, a spokesman for Goldman Sachs in China, recently. The bank’s June research report went on to predict “average annual growth rate in […]

China’s credit crunch causes global shockwaves

China’s credit crunch causes global shockwaves

Credit explosion “unprecedented in modern world history” behind financial volatility Vincent Kolo, chinaworker.info World financial markets have been rocked again in recent days. First came the US Fed’s announcement last Wednesday (19 June) that it could start to unwind its cheap credit policy of ‘quantitative easing’ by year-end. The following […]

China’s pollution overload

China’s pollution overload

China’s carbon emissions have almost doubled in five years By Sally Tang, Socialist Action (CWI Hong Kong). This article first appeared in Socialism Today (July/August 2013), the magazine of the Socialist Party (CWI in England and Wales). People in China’s cities are choking on smog. This past winter the capital […]

China: The high-speed trial of Liu Zhijun

China: The high-speed trial of Liu Zhijun

How serious is Xi Jinping’s anti-corruption drive? Vincent Kolo, chinaworker.info Liu Zhijun, who spearheaded China’s gargantuan high-speed rail programme, was tried for corruption on June 9 in Beijing. To say Liu, the former Minister of Railways, was corrupt is something of an understatement. No fewer than 477 court files detailed […]