Floundering economy presents a big problem for Beijing
The Guardian Weekly|August 26, 2022
In his tour of the southern Chinese city of Shenzhen last week, Li Keqiang, the premier, tried to send some positive energy at a time when many citizens have been complaining of hardship.
Vincent Ni
Floundering economy presents a big problem for Beijing

"China's opening will continue. The Yellow river and the Yangtze river will not flow backward," Li said, while visiting Yantian Port, a gateway to Europe and North America, two of China's biggest markets. Covid rules shut the port last year, delaying deliveries over Christmas. This spring, similar restrictions forced vessels to queue to enter.

Since the start of this year, China's insistence on a zero-Covid policy has caused inconvenience and uncertainty for its people and the struggling economy, prompting grave concerns inside the country about what comes next.

"The property sector is ailing, investments are all falling, and people are saving rather than spending,” says Hong Hao , a market analyst whose social media account was censored this year after downbeat remarks about the economic outlook.

Hong highlights three big headaches for Beijing policymakers: Covid, property and troubling relations with major western countries. These stumbling blocks will almost certainly lead to China missing its economic growth target of “around 5.5%” this year, which Li set in March. Also worrying , the July unemployment rate among 16 to 24 -year-olds reached a record 19.9%, according to the National Bureau of Statistics.

この記事は The Guardian Weekly の August 26, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Guardian Weekly の August 26, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE GUARDIAN WEEKLYのその他の記事すべて表示
Finn family murals
The Guardian Weekly

Finn family murals

The optimism that runs through Finnish artist Tove Jansson's Moomin stories also appears in her public works, now on show in a Helsinki exhibition

time-read
4 分  |
November 08, 2024
I hoped Finland would be a progressive dream.I've had to think again Mike Watson
The Guardian Weekly

I hoped Finland would be a progressive dream.I've had to think again Mike Watson

Oulu is five hours north from Helsinki by train and a good deal colder and darker each winter than the Finnish capital. From November to March its 220,000 residents are lucky to see daylight for a couple of hours a day and temperatures can reach the minus 30s. However, this is not the reason I sense a darkening of the Finnish dream that brought me here six years ago.

time-read
3 分  |
November 08, 2024
A surplus of billionaires is destabilising our democracies Zoe Williams
The Guardian Weekly

A surplus of billionaires is destabilising our democracies Zoe Williams

The concept of \"elite overproduction\" was developed by social scientist Peter Turchin around the turn of this century to describe something specific: too many rich people for not enough rich-person jobs.

time-read
4 分  |
November 08, 2024
'What will people think? I don't care any more'
The Guardian Weekly

'What will people think? I don't care any more'

At 90, Alan Bennett has written a sex-fuelled novella set in a home for the elderly. He talks about mourning Maggie Smith, turning down a knighthood and what he makes of the new UK prime minister

time-read
10+ 分  |
November 08, 2024
I see you
The Guardian Weekly

I see you

What happens when people with acute psychosis meet the voices in their heads? A new clinical trial reveals some surprising results

time-read
10+ 分  |
November 08, 2024
Rumbled How Ali ran rings around apartheid, 50 years ago
The Guardian Weekly

Rumbled How Ali ran rings around apartheid, 50 years ago

Fifty years ago, in a corner of white South Africa, Muhammad Ali already seemed a miracle-maker.

time-read
3 分  |
November 08, 2024
Trudeau faces 'iceberg revolt'as calls grow for PM to quit
The Guardian Weekly

Trudeau faces 'iceberg revolt'as calls grow for PM to quit

Justin Trudeau, who promised “sunny ways” as he won an election on a wave of public fatigue with an incumbent Conservative government, is now facing his darkest and most uncertain political moment as he attempts to defy the odds to win a rare fourth term.

time-read
3 分  |
November 08, 2024
Lost Maya city revealed through laser mapping
The Guardian Weekly

Lost Maya city revealed through laser mapping

After swapping machetes and binoculars for computer screens and laser mapping, a team of researchers have discovered a lost Maya city containing temple pyramids, enclosed plazas and a reservoir which had been hidden for centuries by the Mexican jungle.

time-read
2 分  |
November 08, 2024
'A civil war' Gangs step up assault on capital
The Guardian Weekly

'A civil war' Gangs step up assault on capital

Armed fighters advance into neighbourhoods at the heart of Port-au-Prince as authorities try to restore order

time-read
3 分  |
November 08, 2024
Reality bites in the Himalayan 'kingdom of happiness'
The Guardian Weekly

Reality bites in the Himalayan 'kingdom of happiness'

High emigration and youth unemployment levels belie the mountain nation's global reputation for cheeriness

time-read
5 分  |
November 08, 2024