Day: May 2, 2024

Since covid-19 emerged over four years ago in the central city of Wuhan, the Communist Party has made life miserable for those seeking to study the disease and share their findings with the world. Take Zhang Yongzhen, a Chinese virologist whose team sequenced the genome of the virus that causes covid in early 2020. Days later he granted permission for a British scientist to publish the groundbreaking work. This allowed the world to design covid tests and begin developing vaccines. But to party officials, hell-bent on deflecting blame for their…

Employees of the Industrial and Commercial Bank of China (ICBC), a giant state-owned lender, typically wear suits. But some are now slipping into combat fatigues. On April 19th an ICBC branch in the western province of Qinghai said it had organised some of its staff into a part-time militia. As well as uniforms, they have training facilities, a “command centre” and a warehouse for storing military equipment. ICBC wants to “contribute its strength towards national defence”, the manager of the branch told local media. The Economist

CHAIRMAN MAO ZEDONG was a fan of meetings. “Whenever problems arise, call a meeting,” he wrote in 1949. “Place problems on the table.” Otherwise, he warned, they can drag on for years. A tableful of problems now beset China’s economy, including deflation, debt distress and demographic decline. A property slump has eroded confidence and hurt the land sales that help finance local governments. China also faces growing opposition from trading partners, who are limiting what they sell and buy from a country they now count as a geopolitical rival. The…

MOST COUNTRIES have no desire to choose between China and America. But it is becoming clear that they might have to. The contest between the two powers is going global. This is an age of political turmoil, economic angst and rising barriers to trade. In Beijing and Washington leaders see opportunities to blame rivals in the other capital for making the chaos worse. The Economist