Some economic news to get you all thoroughly depressed for the weekend:
Forbes: China’s Slowdown In Coastal Provinces Forces Migrant Workers To Go Home— We’ve seen this before, most recently in 2008/9. Not something the government wants to see, for a variety of reasons.
Associated Press: China steps up stimulus spending at local level— Details on the estimated $130 billion spending in Changsha, which were unveiled on Wednesday, got a lot of press attention for some reason, including this article.
MarketWatch: China seen launching massive stimulus via provinces. Question: Who’ll pay for it?— Another Changsha story.
Global Times: Anger over non-local denied relief goods— Have flood victims been refused assistance because they don’t have a Beijing residence permit?
WantChinaTimes: Netizens brainstorm survival skills after Beijing’s deadly flood — Some harrowing tales and how folks are preparing for the next disaster, which usually involves hoarding things that may/may not be useful for survival.
The Interview: Joseph S. Nye | The Diplomat— Interesting chat with Joe “Soft Power” Nye on a variety of topics, including China’s soft power and the U.S. “Asia Pivot” policy.
Bloomberg: China’s Biggest Brands Try to Raise Their Profile— Always a favorite topic. The branding strategies of Haier, Huawei, ZTE and other Chinese firms with global ambitions.