Mao Zedong decreed that Chinese communism should have its very own luxury car, so he launched the Red Flag limo in 1958.
More than half a century later, China still does not have much of a luxury car industry: even the chairman’s political heirs prefer to drive foreign. But maybe that all is about to change. Continue reading »
If China’s 83m Communist party members formed a country, it would be the sixteenth largest in the world. So when the party’s most elite congress gathered this month, propaganda apparatchiks worked overtime to try to highlight the diversity of the assembly: the ethnic minorities (wearing traditional costumes), female party members (who composed 23 per cent of the congress delegates), and entrepreneurs, who were only welcomed into the party in recent decades.
But what exactly does it take to get admitted to the secretive Leninist organisation that runs the world’s second-biggest economy? Continue reading »
Some good economic data from China. But not good enough to dispell investors’ post-election concerns about the US and its fiscal cliff.
Markets were intially bouyed by the numbers from Beijing on Friday, showing bigger-than-expected gains in retail sales, industrial production and fixed asset investment. But one month’s figures don’t say much about the pace or duration of any rebound – especially as they coincide with the Chinese Communist party’s congress. No Beijing statistician will have wanted to deliver bad news right now. Continue reading »
When a US Congressional committee branded Huawei, one of the world’s largest telecom equipment makers, a threat to the country’s national security last month, one of the reasons cited was that the Chinese company has a Communist party branch.
On Friday, Communist party officials set out to cure the congressmen from their misguided fears. Party cells in a private company are a force for good, according to Wang Jingqing, deputy head of the organisation department, something like the party’s human resources office. Continue reading »
The FT’s bureau chief Jamil Anderlini has just concluded a lively online debate on Google+ about China’s forthcoming leadership change and the implications of the Bo Xilai scandal, the subject of his new ebook.
Beyondbrics presents highlights from the debate. Continue reading »