Post Tagged with: "China"

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 […]

Jilin slaughterhouse blaze – a union is a matter of life and death

Jilin slaughterhouse blaze – a union is a matter of life and death

121 killed in one of China’s worst workplace disasters  Vincent Kolo, chinaworker.info The term ‘slaughterhouse’ has acquired a terrible new meaning after the inferno that engulfed the Jilin Baoyuanfeng poultry plant on Monday 3 June. The blaze, which consumed the main workshop in just minutes, caused appalling loss of life […]

Mao Zedong’s granddaughter among China’s super-rich

Mao Zedong’s granddaughter among China’s super-rich

Billionaires’ fortunes have increased by almost 17 percent in a year while the poor get poorer chinaworker.info Mao Zedong’s granddaughter has climbed into the ranks of China’s richest people. Kong Dongmei, granddaughter of the ‘great helmsman’, and her husband Chen Dongsheng, have amassed a combined wealth of five billion yuan […]