As China’s financial system remains plagued by trillions of dollars in local governments’ hidden debt, policy makers may need to take drastic measures to solve the problem.
Local governments in Chinese cities are taking extra measures to encourage couples to marry early and have children. However, given the youth’s shifting values and society’s tolerance for singlehood, these measures are falling short. Meanwhile, netizens are lamenting that government policies should not be coercive or objectify women.
In a bid to boost home purchases in what has normally been the peak sales period of September and October, Guangzhou and Shenzhen have announced preferential policies for homebuyers. However, Lianhe Zaobao correspondent Chen Jing notes that market confidence is still at a low; are the new policies enough to boost the Chinese property market’s recovery?
Erratic and unreasonable governance of local governments and a shift in public opinion towards left-wing ideology are just some of the causes for the private sector’s lack of confidence in China, says academic Han Heyuan. Even with the latest measures to boost the sector, government efforts seem to fall short of expectations.
Over the past four decades, China’s economic growth has been mainly driven externally by exports and internally by investments. But China can no longer count on exports to drive economic growth. Thus, the country is seeking to boost domestic demand. Academic Gu Qingyang shares that China needs a multi-prong approach, which would require a significant transformation of the economy.
The case of a family of 18 being punished for illegally building a bridge in Jilin province has brought to light the public’s distrust of the courts and grassroots governance and sparked criticism of the local government’s inaction in solving people’s problems. Lianhe Zaobao correspondent Yang Danxu looks into the matter.
Lianhe Zaobao journalist Tai Hing Shing looks at the recent issuance of Interpol “red notices” by the Hong Kong government on eight pro-democracy activists living overseas, and what the move signals.
Wu Guo notes that local governments in the US are rarely intrusive in the lives of residents, often getting involved only in matters of taxation, public environment and public health. But corruption and dereliction of duty does exist too, and Chinese immigrants may miss that if they do not cast off their utopian blinkers.
While local governments in China understandably want to capitalise on natural scenery for tourism, some places of interest can go to ridiculous lengths to earn the tourist dollar. China Desk looks at what the authorities are resorting to, from building walls around natural sights to blocking the view from those passing by, to charging a “transit fee” for those passing through.