An artist living in eastern China filmed himself undergoing Covid tests with a camera in his mouth. His latest project, which is compiled of footage of dozens of tests, explores how China’s stringent virus controls have affected everyday life in the country. Video by Wei Wang, BBC Chinese. BBC
Day: September 25, 2022
A Ponzi scheme by any other name: the bursting of China property bubble
A little more than a year ago, a Chinese property developer largely unknown to the outside world said its cashflow was under “tremendous pressure” and it might not be able to pay back some of its eye-watering debts of $300bn (£275bn). Today, that company, China Evergrande Group, is all too well known as the poster child of the country’s economic woes. House prices in China have fallen in each of the 12 months since Evergrande’s now prophetic warning, with Xi Jinping’s government now preparing to throw billions of dollars at…