The Chinese authorities are concealing the state of the economy
But the Communist Party’s internal information systems may also be flawed
Zhao jian’s article was online for just a few hours on August 16th before censors erased it. To Western readers the content would have appeared anodyne, but to a Communist Party official it was laced with dangerous ideas. Mr Zhao, a respected economist, argued that it was hard to grasp why China’s government was not making more effort to stimulate the economy. The most serious economic downturn in a generation had caused uncertainty about the future to “coil around the hearts of the people”, he wrote. “The logic and constraints of decision-makers cannot be understood by the market.”
Explore more
This article appeared in the Briefing section of the print edition under the headline “Lowering the veil”
Briefing September 7th 2024
Discover more
The Adani bribery case could upend Indian business and politics
The allegations against the corporate champion may end up being resolved diplomatically rather than in court
The war in Ukraine is straining Russia’s economy and society
Despite advances on the battlefield, pressure is growing
How will Donald Trump handle the war in Ukraine?
And how will Ukraine, Russia and Europe respond?
Elon Musk’s transformation, in his own words
Our analysis of 38,000 posts on X reveal a changed man
Elon Musk and Donald Trump seem besotted. Where is their bromance headed?
The precedents are not encouraging
The energy transition will be much cheaper than you think
Most analysts overestimate energy demand and underestimate technological advances