A top economist has joined the growing list of China’s elite to have disappeared from public life after criticizing Xi Jinping, according to The Wall Street Journal.
Zhu Hengpeng served as deputy director of the Institute of Economics at the Chinese Academy of Social Sciences (CASS) for around a decade.
CASS is a state research think tank that reports directly to China’s cabinet. Chen Daoyin, a former associate professor at Shanghai University of Political Science and Law, described it as a “body to formulate party ideology to support the leadership.”
According to the Journal, the 55-year-old disappeared shortly after remarking on China’s sluggish economy and criticizing Xi’s leadership in a private group on WeChat.
Yeah, blame the immigrants. Very .world thing to do lol. Taking Germany, for example, according to Wikipedia, 0.17% population growth per year between 2010 and 2020 doesn’t seem too great for me, compared to China’s yearly >4% GDP growth for example they’d reduce per-capita growths by an insignificant amount. I’m European myself, and I can tell you that the lack of GDP per capita growth between 2008 and 2024 isn’t due to population reasons either, and I’m guessing it’s the same for the bigger EU economies like France,Italy and Spain but feel free to correct me otherwise.
2008 as my benchmark is exactly my point: the European economy has only now economically recovered from the effects of its own self-imposed policy of austerity and deprivation of worker rights and welfare, without having restored said rights or welfare to pre-2008 levels. And we see countries like the UK under “labor” administration falling to the same policy again as soon as they enter the government. In the meanwhile, without falling into such policy (although without many significant victories for welfare and labor AFAIK), China has grown its per-capita GDP threefold since 2008.
So no, I don’t think “Chinese economy looks bad”, I wish my European country’s economy would mimic a fraction of the Chinese growth actually
I’m not sure why you’re getting downvoted that much