Are China’s lauded anti-poverty triumphs at risk of vanishing?

Are China’s lauded anti-poverty triumphs at risk of vanishing?

In Zhongwei, a city in northwest China’s Ningxia Hui autonomous region, fighting poverty seems to be a never-ending battle. While the country as a whole has made tremendous gains in living standards, in July, the city’s Shapotou district announced that 28 more individuals had been added to a poverty relapse watch list. The officials who … Read more

Chinese fund manager Zhao Xuejun whisked away as Beijing cracks down on securities sector

Chinese fund manager Zhao Xuejun whisked away as Beijing cracks down on securities sector

Zhao Xuejun, chairman of Harvest Fund Management, has resigned from the mutual fund house because of the investigation, according to a statement published by the Beijing-based company on Friday. Co-chairman An Guoyong has taken over as acting chairman. “The board has made proper arrangements to keep the management, investment and research teams stable,” the mainland’s … Read more

China turns spotlight on digital economy in quest for ‘common prosperity’ under President Xi Jinping

China turns spotlight on digital economy in quest for ‘common prosperity’ under President Xi Jinping

China will focus on the digital economy to promote President Xi Jinping’s vision for “common prosperity”, national planning and data authorities said. The National Development and Reform Commission and the new National Data Administration have jointly released a plan to expand the application of digital technology to support the development of China’s real economy. The … Read more