Wednesday, 29 June, 2022
TopicChinese economy

Topic: Chinese economy

India, China will soon be ‘economically sick’ after Covid subsides. Here’s how to avoid it

Emerging Asia can fall into an inequality trap after Covid. The poorest have been hit hardest by a reduction in their incomes. But there are remedies.

Communist Xi explains capital’s benefits as Chinese executives speak up on economic crisis

Business leaders now openly say that Beijing’s zero-Covid policies are slowly destroying the economy. It is becoming difficult for many to justify Xi’s ‘common prosperity’ campaign.

China faces worst economic slowdown since pandemic, Nomura says

The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second, economists at Nomura Holdings said.

Ladakh standoff cost China more. Look at its ‘chocolate soldiers’, big tech failure

Despite a host of ‘peace agreements’ over the last 3 decades, China’s costs have been mostly intangible but intensely damaging and acute.

‘Rising Star’ to ‘Red Roulette’ — Here is what you need to read on China

Domain expert Aadil Brar brings you a shortlist of books and papers you need to understand Chinese society and external relations.

SubscriberWrites: How Indian real estate can save itself from an Evergrade crisis

While India is unlikely to experience an Evergrande-like crisis, its miniature version can be dauting too. Owning a house is still a big expenditure for most, writes Deepesh Salgia.

Revolt by doing nothing — Chinese youth are lying in bed to protest tough jobs, low pay

Tang Ping, or ‘lying flat’ is passive resistance in a country notorious for its burnout-inducing ‘996’ working hour system, besides other demands.

Don’t get fooled by Xi’s media blitz. China’s ‘zero poverty’ hides more than it reveals

China wants the world to believe its 'state-led development' has eradicated poverty. But as everything else with China, the reality is more complicated than what it seems.

Chinese state capitalism — a threat to US and the world, and how Biden must respond

Three of the world’s five largest companies are Chinese. Joe Biden will have to tackle Beijing's state capitalism.

China’s economy grew 2.3% in 2020, accelerating global rise

With global output likely contracting 4.2% last year, China’s gains mean it increased its share of the world economy to 14.5%, according to World Bank.

On Camera

YourTurn

File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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