South China Morning Post (April 17)
“China’s economy shrank by 6.8 per cent in the first quarter of 2020, the first contraction since the end of the Cultural Revolution in 1976, confirming the economic damage done by the coronavirus pandemic.” The massive contraction “was worse than predictions of minus 6.0 per cent from a survey of analysts’ forecasts by Bloomberg.”
Tags: Analysts, China, Contraction, Coronavirus, Cultural Revolution, Economic damage, Economy, Pandemic
Wall Street Journal (August 22)
Bo Xilai, the former political powerhouse of Chonqing, is approaching trial. He has already “undermined three core claims of the Communist Party. First, that the national leadership is unified. Second, that the process of selecting the next generation of leaders is institutionalized. And finally that open struggle for power like that seen during the 1966-76 Cultural Revolution can never happen again.”
