China’s Moderately Prosperous Society in 2035 The aim is to become an equitable society between 2035 and 2049. Also called 大同社会. This is a gini coefficient of 27% (similar to Finland’s). Moderately prosperous society: The development concept The term “moderately prosperous,” first derived from “Poetry·Daya·Minlao“, expresses the yearning of working people for a better and […]
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Why Chinese Home Prices Won’t Collapse The good news: Home prices are down only 3% over last year and there are four strong reasons why Chinese home prices won’t collapse: Most Chinese own their homes outright — they don’t have a mortgage. 80% of Chinese homeowners have no mortgage. So there won’t be any panic selling of
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Work and Wages in China The economy is in such a state that men don’t have enough money to care for elderly parents and support their wives and children. Work and Wages in China Even in good years their lives are bitter while, in bad years, they struggle to avoid starving to death. Under those
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It’s time to re-think the Cultural Revolution Truth and daring in retelling Mao’s China Yang Jisheng’s formidable investigation of the Cultural Revolution is a work of breathtaking courage. The Cultural Revolution was one of the greatest disasters to hit modern China, but it was also an event shaped by random personal connections. A woman named
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The question “Is America Still a Power?” is increasingly relevant as the U.S. grapples with its diminishing global influence. Once a leader in both economic and military spheres, America now finds itself challenged by rising powers like China and Russia. The costs of maintaining its superpower status—financially, militarily, and socially—are becoming increasingly apparent. With its
Is America still a superpower? Not anymore, due to deindustrialization. Read More »