Yet another one of China's elite has disappeared after criticizing Xi Jinping
businessinsider.com
A top economist has joined the growing list of China's elite to have disappeared from public life after criticizing Xi Jinping, according to The Wall Street Journal.
Zhu Hengpeng served as deputy director of the Institute of Economics at the Chinese Academy of Social Sciences (CASS) for around a decade.
CASS is a state research think tank that reports directly to China's cabinet. Chen Daoyin, a former associate professor at Shanghai University of Political Science and Law, described it as a "body to formulate party ideology to support the leadership."
According to the Journal, the 55-year-old disappeared shortly after remarking on China's sluggish economy and criticizing Xi's leadership in a private group on WeChat.
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Source?
Source?
https://tradingeconomics.com/china/consumer-confidence https://www.china-briefing.com/news/chinas-august-2024-economy-record-export-growth-amid-domestic-challenges/ https://www.euronews.com/business/2024/09/09/europes-luxury-goods-market-set-to-feel-the-pinch-as-china-growth-weakens https://www.msn.com/en-us/money/markets/analysis-chinas-monetary-volleys-miss-key-threat-to-economic-growth/ar-AA1r9V9Q
Plus anecdotal stories from people I know that traveled to China in the past few months.
Basically, the post-COVID recovery was already slower than expected. Then the property sector all but halted. People are stuck with gig work and temporary contracts.
Why do you imagine the government is doling out money for the first time if everything is peachy?
ROFL, the consumer index that your first source portrays, is still twice that of Canada at 86 points Vs 45, and Germany's consumer index is -15 points... It's on par with Australia and Spain, so what does that tell you?
The rest aren't really indicators of Chinese people seeing the economy struggling aren't they? They're just western reports predicting the imminent collapse of the Chinese economy... as they've been doing for the past 20 years
I’m not going to do your homework for you. Suffice is to say China is still an emerging market and all indicators aside from exports are unusually low for the kind of economy China is. I don’t know what kind of point you’re trying to make because you seem to be skirting the issue. None of the pieces I linked proclaim China is about to collapse, only pointing out the challenges. Again: what the hell is your point?