Tag

Social Stability

All articles tagged with #social stability

world-news1 year ago•4 min saved

China Grapples with Aftermath of Deadly Car Attack and Tightens Control

Zhuhai, a city in southern China, is grappling with the aftermath of the country's deadliest mass killing in a decade, where a man drove into a crowd, killing 35 and injuring 43. The incident has prompted President Xi Jinping to call for enhanced security measures amid concerns over social stability during China's economic slowdown. Authorities have been criticized for their handling of information, as details about the attack remain scarce and tributes from mourners are being removed. The attack highlights tensions in a society facing economic challenges and increased surveillance.

via Financial Times|

#censorship #china #mass-killing

economy2 years ago•2 min saved

Cornell professor urges China to revive economy with decisive action

China's economy is sputtering and requires decisive policy action to prevent further decline, according to Eswar Prasad, an economics professor at Cornell University. Recent data shows slower growth than expected, with factory activity contracting for a fourth consecutive month and non-manufacturing activity at its weakest this year. Concerns about deflation and social stability are rising, as employment growth and investment are expected to be negatively impacted. Prasad emphasizes the need for a comprehensive policy package to reverse the loss of momentum and stimulate future growth prospects.

via CNBC|

#china #deflation #economy

finance2 years ago•8 min saved

China's Local Debt Crisis Continues to Worsen and Spread Globally.

China's local government debt problem, estimated to be around $23 trillion, is making investors increasingly nervous and threatens to be a drag on the world's second-largest economy for years to come. While the chance of a municipal default in China is relatively low given Beijing's implicit guarantee on the debt, the bigger worry is that local governments will have to make painful spending cuts or divert money away from growth-boosting projects to continue repaying their debt. This poses a challenge for President Xi Jinping's ambition of doubling income levels by 2035 while reducing the gap between rich and poor, which is key for social stability as he seeks to rule the Communist Party for potentially the next decade or more.

via Yahoo Finance|

#china #economic-growth #finance