Post Tagged with: "China"

China’s super-rich get even richer

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 unveiled its annual China rich list last week, once again showing a marked growth in […]

Marathon dispute at Guangzhou tool suppliers

Marathon dispute at Guangzhou tool suppliers

Over 100 workers at McDonald’s supplier fighting for equal pay and conditions chinaworker.info GUANGZHOU Over 100 migrant workers at Hong Kong-owned Luen Shing Industries Limited have been in dispute with the company since August. According to BaGongWatch the workers have staged daily demonstrations, with the protests continuing after almost two […]

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 […]