July 3, 2022
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    Capitalism in crisis

    Bannon kowtows to Chinese dictatorship

    Anti-racist protest as Trump’s former strategist Steve Bannon speaks in Hong Kong Adam N. Lee, chinaworker.info Racist politician Steve Bannon made a brief visit to Hong Kong on 12 September. President Trump’s former ‘chief strategist’ was ...

    China: Massive job destruction has already begun

    China’s rulers are destroying ten times as many coal mining jobs as Britain’s ‘Iron Lady’ Mrs Thatcher chinaworker.info reporters A tsunami of job destruction is heading towards heavy industry in China. This is especially in the coal and steel ...

    Xi Jinping’s first state visit to the US

    Sino-US tensions increasing as China’s economy stumbles Vincent Kolo, chinaworker.info China’s president Xi Jinping began his week-long visit to the United States, touching down in Seattle on Tuesday 22 September, where he met with top CEOs inc...

    Capitalism in turmoil

    Chaos erupts again on China’s stock markets Editorial from socialist newspaper Offensiv, weekly of the CWI in Sweden Just when the world’s elite were sounding the ‘all clear’ the Shanghai stock exchange plummeted again. On Monday 27 July Chines...

    What does China’s reserve ratio cut mean for its slowing economy?

    China’s leaders in tough balancing act between growing debt mountain and falling growth rate chinaworker.info China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in...

    Scottish referendum: Ten days that can shake British capitalism to its foundations

    Opinion polls show independence vote is balancing on a knife edge Philip Stott, Socialist Party Scotland (CWI in Scotland) “In the past four weeks support for the union has drained away at an astonishing rate. The Yes campaign has not just in...

    China: Debt woes multiply as new liquidity crunch strikes

    Local government debt has soared but Beijing’s attempt to curb runaway credit misfires again Vincent Kolo, chinaworker.info An end-of year scramble for funds by financial institutions drove up interbank lending rates to levels not seen since th...

    China’s super-rich get even richer

    Forbes rich list says 400 wealthiest people became 150 billion US dollars wealthier last year Vincent Kolo, chinaworker.info “The rich are getting richer,” declared Russell Flannery, the bureau chief for Forbes Shanghai. The US magazine unveile...

    World Perspectives: Age of austerity preparing seismic convulsions

    We are living through one of the most dramatic periods in history Document adopted by the December 2012 meeting of the International Executive Committee of the CWIIntroduction We are living through one of the most dramatic periods in history....

    World economy: Riding the double-dipper

    Capitalist leaders are in disarray as they strive and fail to get to grips with the eurozone crisis and its threat to the global economy Lynn Walsh, from Socialism Today, magazine of the Socialist Party (CWI in England & Wales) Capitalist l...

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    Hong Kong: Counter-revolution gets a new face

    John Lee “elected” Chief Executive to continue in Carrie Lam’s bloody footsteps The so-called election of Hong Kong’s new Chief Executive ended witho...

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