As new cases of the coronavirus crop up in Beijing, China’s leaders are offering nationwide subsidies to businesses, and two large cities are subsidizing consumers.
Tag: Communist Party of China
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China’s Covid Strategy: Test 20 Million in Beijing Amid Lockdown Fears
China’s capital reported 22 cases as it kicked off an ambitious mandatory testing campaign across the city and reassured residents that food and other supplies were plentiful.
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China’s Covid Lockdowns Stir Memories of a Planned Economy
China is meddling with free enterprise as it hasn’t in decades. The results are familiar to those old enough to remember: scarcity, and the rise of black markets.
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China Sets Aside Push to Spread Wealth in Pivotal Year for Xi
Xi Jinping’s rhetoric about redistributing wealth was aimed partly at drumming up public support. But it unnerved entrepreneurs and posed a drag on growth.
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Shanghai’s Covid Lockdown Poses Test to China’s Leadership
Residents in Shanghai, China’s most populous and cosmopolitan city, have responded to the government’s pursuit of zero Covid with a rare outpouring of criticism.