President wants to spread ‘common prosperity’ but Covid and material shortages could spell troubleFor decades the aim in China has been the pursuit of growth, building the world’s second-largest economy from a relative backwater on the international st…
Has Covid ended the neoliberal era? | Adam Tooze
The year 2020 exposed the risks and weaknesses of the market-driven global system like never before. It’s hard to avoid the sense that a turning point has been reachedIf one word could sum up the experience of 2020, it would be disbelief. Between Xi Ji…
The party’s over: China clamps down on its tech billionaires
The startling rise to wealth of the nation’s entrepreneurs has been an affront to Beijing’s political philosophy and increasingly, a threat to the communist partyIn a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, rec…
Chinese president vows to ‘adjust excessive incomes’ of super rich
Chinese Communist party to crack down on almost weekly creation of billionaire company bossesChina’s president has vowed to “adjust excessive incomes” in a warning to the country’s super-rich that the state plans to redistribute wealth to tackle wideni…
China roundup: Keep down internet upstarts, cultivate hard tech
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The tech industry in China has had quite a turbulent week. The government is upending its $100 billion private education sector, wiping billions from the […]
As China shakes up regulations, tech companies suffer
Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.