Shenzhen’s new subway line 11 will offer VIP tickets to passengers that guarantees a seat for double the normal price, Southern Metropolis Daily reported Friday. “We are trying to make public transportation meet a higher level of service,” said Zhao Penglin, deputy secretary general of Zhenzhen municipal government, at the Shenzhen-Hongkong Subway Economic Circle Summit [...]
We know about the potential political effects of income inequality, but what about economic growth? I can’t think of a better way to motivate policy makers.
Don’t miss this Bloomberg article by Mike Forsythe on the personal wealth of members of China’s National People’s Congress. Some lovely number crunching here, and the bottom line is rather scary. In fact, I’m not entirely sure whether this topic belongs in the category of “They Got the Same Shit Over There” since the disparity [...]
Factoid: most poor people in the world do not live in poor countries. What does that mean for poverty assistance programs?
All sins may be equal in God’s sight, but that certainly isn’t true in present-day China. Sometimes admitting to a lesser offense is a wise move.
Wealth and privilege does not lead to misbehaving children but rather magnifies the underlying problem: bad parenting.
Perhaps Beijing should further amend the law to not only prohibit drunk driving, but also operating a vehicle while angry or obscenely wealthy.
With an income gap, privilege and corruption, there is an automatic presumption against meritorious advancement. This is bad news for China’s hi-tech economic development plans.
Are outdoor advertisements for luxury goods exacerbating problems associated with the income gap?
The assumption is that if a nation has a growing number of very rich people, this is obviously great economic news. Not so fast.
Under the 12th Five Year Plan, China’s economy will be ‘rebalanced’ to benefit the poor. At least that’s what all the nouveau riche in the NPC say.
If most people in China resent privilege, not the wealthy, then should the government even bother narrowing the income gap?
Me, critical of a policy that some say would help narrow the income gap? Say it ain’t so.
After all is said and done, I find it interesting that the case of Li Qiming, who was found guilty of manslaughter last week, became famous for something that never actually happened. The kid ran over two people, killing one, and then tried to use the name of his famous father to avoid prosecution. Well, [...]
It’s difficult to hear the public outrage when one’s official head is so far up one’s official ass.
The latest act of student ultra-violence is not about rich vs. poor, but rather sane vs. depraved psychopath.
It’s nice to know that the mainstream media is still capable of writing China economic stories that do not have “RMB,” “QE,” or “GDP” in the headline.
Whenever there is government money up for grabs, someone is going to find a way to defraud the public. Happens every time.
In which we are introduced to the insidious Free Trade Straw Man.
Class resentment making you nervous? Help is on the way, and she’s a martial arts expert.