2026-11-06
A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.
2026-11-06
At the Bu Ming Bai Festival held in Tokyo, the Bu Ming Bai Podcast invited Professor Xu Chenggang to discuss the institutional logic behind China's economic growth and recession, as well as how ordinary people can cope, using his book 'The Institutional Genes' as a starting point.
2026-11-04
On November 4, Zhang Xue, founder of Zhang Xue Motorcycle, gave an interview at the EICMA in Milan, Italy, stating that employees receive a 100% salary increase after one year of employment, and those who have not received a raise for two consecutive years will basically be let go. The company plans to recruit 70 R&D personnel in this round of campus recruitment and has already received about 200 resumes from students at Chongqing University.
2026-11-03
Jiangxi Urban Channel's "Urban Scene" program criticized Zhang Xue for discussing equity returns for veteran employees in the context of current compensation for fresh graduates, calling his remarks indicative of "misplaced arrogance."
2026-10-31
According to Beautiful Zhejiang on October 31, 21-year-old Yao Jiahui from Anhui, after graduating with a degree in preschool education, took up work as a street cleaner in Zhoushan, Zhejiang, alongside her parents due to low wages in her field. She works two shifts a day, starting at 4:30 AM and finishing at 6:30 PM. The Guangzhou Daily praised her for having a 'clear-headed' perspective, while netizens left sarcastic comments.
2026-10-31
On October 31, at a Halloween event, a participant dressed up as a graduate student, wearing signs such as 'Academic trash, non-recyclable,' 'Advisor, I really don't know how,' and 'Third-year grad student, no results, no prospects, no hope,' self-deprecatingly mocking the pressure of graduate studies and the employment crisis.
2026-10-29
On October 29, while giving a lecture at Chongqing University of Technology, Zhang Xue claimed that an employee with a junior college degree had worked with her for ten years, rising from a monthly salary of a few thousand yuan to an annual salary of 500,000 to 600,000 yuan, with stock options valued at 30 million yuan, telling students that they have a higher starting point and need not be afraid.
2026-10-26
On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.
2026-10-26
On October 26, Zhangxue Motorcycle held a campus recruitment presentation at Chongqing University. The PPT showed an annual salary of 120,000 to 150,000 RMB for R&D positions and 100,000 to 120,000 RMB for non-R&D positions. After the salary plan was posted online, netizens mocked it, asking, 'Who would go for that amount of money?'
2026-10-25
Bloomberg reported on October 25 that China's stock market has shrunk by about $3.5 trillion from its high earlier this year in May, with the CSI 300 index falling into a bear market the previous week, as weak consumption and price wars squeeze corporate profits.
2026-10-21
On October 21, a college graduate who finished school in May 2025 posted a video saying he still hadn’t found a job, striking a chord with netizens who have been unemployed for a long time; some said they hadn’t worked since 2022.
2026-10-20
College students taking part in the 2027 autumn recruitment season are complaining online that competition for jobs is too intense. One graduate student with internship experience at a major tech company keeps taking assessments and written tests every day but still has no offer. Offline job fairs are packed, and HR staff lament that resumes are so outstanding they can't screen through them all.
2026-10-18
Data released on October 18 showed that the college planned to recruit 1 person for the admissions and employment management position, and in the end 6746 people completed payment, with a competition ratio of 6746 to 1.
2026-10-13
On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.
2026-10-11
According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.
2026-10-11
Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.
2026-10-11
Research by the Conference Board shows that interest payments on the debt of China's central and local governments are expected to reach 1.4 trillion yuan in 2026, far exceeding the roughly 348 billion yuan in 2014; central government debt service is projected to rise to 19.2% of the general public budget.
2026-10-10
A fresh graduate in Qingdao encountered the “recruitment-to-training” trap of Qingdao Maya Network Technology and Qingdao Zechen Innovation Technology while job hunting; after being persuaded to take out a training installment loan of nearly 30,000 yuan, the other party disappeared.
2026-10-08
On October 8, The Wall Street Journal reported that, facing difficulties such as the real estate downturn, insufficient domestic demand, and second-quarter GDP growth slowing to 4.3%, the stimulus measures introduced by the Chinese government — including mortgage subsidies and capital injections into banks — lean toward caution and are unlikely to fundamentally reverse the economic weakness.
2026-09-30
On September 30, the International Monetary Fund (IMF) published a new book, "Toward a New Growth Model for the Chinese Economy," on its official website, pointing out that linking local officials' performance evaluation to GDP targets has led to infrastructure expansion, land-sale financing, and the accumulation of local government financing vehicle (LGFV) debt. LGFV cash flows can cover only about one-quarter to one-third of interest payments. The book recommends improving social security, advancing household registration (hukou) reform, and increasing the progressivity of the tax system.
2026-09-29
The fiscal interest subsidy policy was officially announced on September 29 and went into effect at the start of the National Day holiday; combined with developer discounts, it drove up new home transaction volumes in some key cities.
2026-09-29
An X account named “所谓伊人在水一方” uploaded a video of a female teacher talking about student safety, in which she reminds high school students to guard against strangers, vehicles, and the risk of losing contact.
2026
The video's author lists indicators from the first half of the year — contracting consumption, high-ranking officials falling from power, declines in fiscal revenue and household savings, and rising unemployment and credit defaults — claiming all have set historical records; no unified source can be found for any of the data.
7月22日
The Ministry of Human Resources and Social Security launched the 'National Public Employment Service Map' to provide employment services for graduates. However, just one day after its launch, netizens using software like Amap found that they could not open it, encountering errors such as 'QR code expired' or 'no permission to operate'.
2026-09-18
In a conversation, Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that China's social security expenditure accounts for only about 8% of GDP, far below the OECD average of 25% and the levels of developing countries with similar per capita GDP, and also mentioned group disparities in the enjoyment of public services.
2026-09-19
On September 19, Huang Yiping, a member of the Monetary Policy Committee of the People's Bank of China, stated at the Beijing Economic Forum that artificial intelligence may exacerbate the contradiction between China's overcapacity and insufficient household purchasing power. He pointed out that distribution leaning toward capital leads to weak demand, and suggested increasing the proportion of household income through market-oriented reforms, while the central government borrows to repair the balance sheets of local governments and enterprises.
2026-09-19
At the Tsinghua Wudaokou Chief Economists Forum, four scholars—Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei—concentrated their efforts to call on the central government to adopt expansionary fiscal policies and bail out local government debt.
2026-09-15
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
2026-09-15
On September 15, German Chancellor Merz criticized China at the Berlin Entrepreneurs' Conference, stating that through state intervention, overcapacity, and export subsidies, China has driven the EU's trade deficit with China to over 300 billion euros. EU leaders plan to discuss in October whether to deploy trade defense instruments.
2026-09-15
Wen Bin, chief economist at China Minsheng Bank, published a column on September 15 saying that the financing structure in August continued to optimize and better match new quality productive forces; the claim is accused of masking the contraction of credit in the private sector.
2026-09-08
According to a report by Yicai, the first cohort of the university-student high-skilled talent program at Wuxi Technician College in Jiangsu Province opened on September 8, with a total of 36 trainees, 13 of whom hold bachelor's degrees. They will receive two years of training, starting out as technician apprentices.
2026-09-06
According to a report by Yicai, on September 6, Shandong Chemical Technician College welcomed 320 university graduates for enrollment and registration, among whom undergraduates accounted for 60.6%, junior college graduates 38.8%, and master's degree students 0.6%. Since 2019, the college has offered order-based classes for college graduates who left school without finding employment, and has enrolled more than 1,400 people in total.
2026-09-05
In a Zhihu Q&A, a netizen revealed that Xingyu's layoff of fresh graduates was taken to the EU, and said that the student had previously gone through the labor arbitration process, reporting up the line all the way to the municipal Party secretary, and that all of them concluded the company's layoffs were not in violation and there was no subsidy fraud.
2026-09-05
Reports claim that on September 5, 2026, after fresh graduates laid off by Changzhou Xingyu Co., Ltd. filed complaints with overseas institutions, the local labor department and officials reversed their position and ruled that the company's layoffs were illegal while avoiding accountability for subsidy fraud; related discussions on Zhihu were deleted.
2026-09-03
On September 3, 2026, New Yellow River reported that Changzhou Xingyu's full-time production employees fell by more than 40% in 2025, while labor outsourcing hours surged 25.9% against the trend, and mass contract cancellations by fresh graduates occurred one after another.
2026-09
As the lives of ordinary people grow ever harder, the Chinese Communist Party authorities seem to turn a blind eye to their suffering, continuing to tout a bright outlook for China’s economy and calling on all sectors of society to revel in economic prosperity.
2026-09-01
On September 1, 2026, Volkswagen China responded to complaints that Xingyu Co. had pushed out fresh graduates, saying it had immediately launched a special investigation and stressing that the principle of respecting workers' rights applies to the supply chain.
2026-09-01
On September 1, 2026, Volkswagen's China unit responded to complaints that Changzhou-based Xingyu Shares had collectively pushed out fresh graduates, saying the group had launched a special investigation into supply chain companies and stressing that respecting workers' rights is a core principle of its operations.
2026-09
According to survey data from the China Vocational and Technical Education Society, between 2023 and 2025, the number of institutions providing skills training for university graduates increased from 26 to 45, reflecting the growing prevalence of university graduates returning to vocational schools for further training.
2026-09
In the first 8 months of 2026, securities transaction stamp duty grew nearly twofold year-on-year. Funds mainly changed hands among households, brokerages, the fiscal authorities and insurance companies, without generating any new investment.
2026-09
At the recent Tsinghua PBC School Forum, economists within the system, including Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei, rarely criticized economic policy en masse. Yu Yongding said the central government's books are clean while local governments are a complete mess, and called on the central government to issue bonds to replace local debt.
2026-08-28
Several fresh graduates whose employment contracts were terminated by Changzhou Xingyu complained about the matter to the Hong Kong Stock Exchange and the German Volkswagen Group; the Hong Kong Stock Exchange and relevant Volkswagen departments confirmed that they had received the materials.
2026-08-28
On August 28, 2026, fresh graduates whose offers were rescinded by Changzhou Xingyu Shares filed complaints over labor rights violations with the Hong Kong Stock Exchange and their client, Germany's Volkswagen Group. The HKEX's Listing Division and Volkswagen's investigation office successively confirmed in writing that the complaints had been received and would be examined.
2026-08-27
On August 29, 2026, hundreds of fresh graduates whose offers were rescinded by Xingyu Co. forced the company to issue a public apology and pay compensation by filing reports on forced labor to the Hong Kong Stock Exchange, the EU, and European clients.
2026-08-27
On August 27, 2026, People's Daily Online published a People's Sharp Commentary criticizing the recent phenomenon of manufacturing companies mass-breaking contracts with fresh graduates, and calling on employers to treat young talent well and honor their contracts.
2026-08-23
People’s Daily continues to publish “Zhong Caiwen” articles, claiming that China’s economy has shown “strong resilience.”
2026-08-23
Chinese state media published an article characterizing the 4.7% economic growth in the first half of the year as high-quality, arguing that it is in line with the current economic reality.
2026-08-22
People’s Daily published an article signed “Zhong Caiwen,” arguing that observations of China’s economy should not focus only on single-month data.
2026-08-17
Li Qiang presided over a State Council meeting, calling for persisting in expanding domestic demand, focusing on the principal contradiction, seizing on areas with long industrial chains and large scale, and promoting the domestic economic cycle and consumption upgrading.
2026-08-17
On August 17, 2026, China's National Bureau of Statistics rarely broke its long-standing convention of releasing data in the morning, postponing the July national economic data to 3 p.m., after the A-share market closed, sparking market concerns that the data was under pressure.
2026-08-06
The yield on one-year US Treasury bonds reached 4.6%, compared to 1.3% for a five-year fixed deposit at China Construction Bank and 1.7% for savings bonds issued by the Ministry of Finance.
2026-08-01
On August 1, 2026, Qiushi, the journal of the CCP Central Committee, published an article candidly acknowledging that there is a temperature gap between macroeconomic data and the micro-level experience of the ordinary public, conceding that intensifying competition for jobs and improvements in income have fallen short of expectations, sparking widespread social discussion.
2026-08-01
On August 1, 2026, a fresh graduate posted a video stating that she had signed a teacher contract with a private high school in May and turned down other job offers, but on the day she was to report for work the school unilaterally tore up the contract, citing insufficient student enrollment, and compensated her with only a little over 1,000 yuan.
2026-07-30
On July 30, 2026, the CCP Central Committee Politburo held a meeting to analyze the economic situation. The Wall Street Journal reported that the meeting emphasized supply-side optimization and the implementation of existing policies, sending a clear signal that there is no intention to unleash flood-style massive stimulus in the face of slowing economic growth.
2026-07-29
People's Daily published guidance opinions, releasing a strong signal of investigating the Ctrip monopoly case and cracking down on antitrust involution, drawing outside attention to the authorities' further rectification of foreign and private enterprises.
2026-07-24
The CCP Central Committee held a symposium with non-Party figures at Zhongnanhai. Presiding over the meeting, Xi Jinping said that China's economy is currently facing certain difficulties and challenges.
2026-07-24
At a symposium with non-Party figures, Xi Jinping acknowledged for the first time in his own words that China's economy is experiencing a severe downturn. The news is regarded as an important milestone, foreshadowing the gravity of China's economic situation.
2026-07-22
On July 22, 2026, Zhang Enhui, Secretary of the Changchun Municipal Party Committee, presided over an enlarged meeting of the Municipal Party Committee Standing Committee. The official communiqué stated that the city's economic development is currently facing "unprecedented difficulties and challenges."
Location: Changchun, Jilin ·
Importance IV ·
Verification: Official claim ·
View causal chain →
2026-07-22
On July 22, 2026, the CCP Changchun Municipal Committee held an expanded standing committee meeting to conduct an in-depth analysis of the economic situation in the first half of the year, and the official announcement rarely admitted that the city's economic development is facing unprecedented difficulties and severe challenges.
2026-07-15
On July 15, 2026, China's National Bureau of Statistics released data showing that national GDP grew 4.7% year-on-year in the first half of 2026, while growth in the second quarter slowed to 4.3%, falling short of the full-year target, with real estate investment down 18% year-on-year.
2026-07-15
China announced that GDP grew 4.3% in the second quarter. Nominal growth exceeded real growth for the first time in 13 quarters, mainly driven by price increases upstream.
2026-07-08
A China economic briefing released by the World Bank on July 8 pointed out that China's domestic demand will continue to shrink and housing prices will fall, with the root cause being that the government of the Chinese Communist Party (CCP) uses 43% of its budget for investment while underfunding people's livelihood.
2026-07-07
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
2026-07-04
The quarterly meeting of the Monetary Policy Committee of the People's Bank of China adjusted the economic tone from "steady progress" to "toward the new, toward the better," and listed structural optimization as one of the challenges facing the economy.
2026-07
China's official data shows Q2 GDP grew 4.3% year-on-year, the slowest pace since the end of 2022.
2026-07
The market widely expects China's year-on-year GDP growth in the second quarter of 2026 to fall back to 4.2% to 4.5%, while the Bank of China Institute of International Finance has forecast 4.7%.
2026-06-18
The website of the Chinese Communist Party's theoretical journal Qiushi published a commentary article titled "Boost Consumption with Greater Vigor," proposing measures such as increasing residents' income, improving the social security system, rescuing the real estate sector, and repairing residents' balance sheets.
2026-04-25
Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, said in Hefei that China is only 135 dollars short of the high-income country threshold and could cross it by next year at the latest.
2026-01-19
China's statistical department announced that the nominal GDP for 2025 is approximately 140 trillion yuan, a figure used to estimate the economic losses caused by information control.
2026
According to International Monetary Fund estimates, the actual scale of the Chinese government's debt in 2026 will be about 200 trillion yuan, reaching 135% of GDP.
2026
Based on calculations using International Monetary Fund data, China’s actual government debt ratio is projected to exceed 200% in 2026.
2026
Based on data from the International Monetary Fund, the video estimates that China's fiscal deficit in 2026 is expected to exceed 15%.
2026
Data from China's Ministry of Commerce shows that after reaching a peak of 1.23 trillion in 2024, the national actual utilized foreign investment fell to 747.6 billion last year, a year-on-year decrease of 40%, and has continued to decline by 7% this year on a low base.
2025-12
According to estimates in the Southwestern University of Finance and Economics' "2025 Report on the Fiscal Conditions of Provinces, Cities, and Counties," in 2024 the average fiscal self-sufficiency rate of the country's 2,774 county-level areas was about 38%, with the lowest county at only about 1%.
2025-10-31
The Transit Corps of the Beijing Public Security Bureau released a proposed hiring list of 80 auxiliary police officers, which includes graduates from the University of Chinese Academy of Sciences, China University of Political Science and Law, University of International Business and Economics, and Communication University of China.
2025-10
McKinsey released an employment report pointing out that, theoretically, current AI technology can automate nearly 57% of working hours, with rule-standardized jobs such as accounting, data entry, and basic coding bearing the brunt.
2025
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
China-Brazil bilateral trade volume reached $188 billion in 2025, ranking first in Latin America, yet Brazil's GDP growth rate over the past 15 years ranks second to last among major Latin American countries.
2025
Despite the Chinese ban, Japan's total seafood exports recovered in 2025 and hit a record high of 423.1 billion yen, a year-on-year increase of 17.2 percent.
2025
Statistics bulletin of the National Health Commission shows that in 2025 there were 15.109 million voluntary blood donation visits nationwide, with a donation rate of 10.9 per 1,000 people; all three key indicators dropped by about 11% compared with 2023; in 2024, donations were already more than 1 million visits fewer than in 2023.
2024-12-03
In a speech at the end of 2024, Gao Shanwen expressed sensitive views on the cyclical bubbles, consumption structure, actual growth rate, and future low growth of the Chinese economy. The speech was subsequently banned, marking his final public address.
2023
Last year, daily rental rates in China's robot rental market ranged from 5,000 to 15,000 yuan, used mainly for performance-type events such as mall openings, auto show booths, and warm-up acts at annual galas.
2022-10
University of Chicago scholar Martinez, using satellite nighttime light data, found that annual GDP growth in authoritarian countries is overstated by an average of about 35%, and that China's figure may have been overstated by about one third over the past two decades.
2018-01-11
In January 2018, Tianjin Binhai New Area switched its GDP statistical basis from registered to local, revising its 2016 GDP from 1,000.231 billion yuan to 665.4 billion yuan, a drop of about one third; the Tianjin Municipal Bureau of Statistics said this had no impact on the city's overall GDP.
2012
The sum of GDP figures reported by provinces and municipalities in 2012 was 57.66 trillion yuan, about 10% higher than the 51.93 trillion yuan calculated by the National Bureau of Statistics; the bureau said the difference was mainly due to double counting in the tiered accounting system and differences in raw data.
2007-03
The then-Secretary of the Liaoning Provincial Party Committee, Li Keqiang, told the US Ambassador that Liaoning's GDP figures were man-made and for reference only, and that he only looked at electricity consumption, railway cargo volume, and bank loans.
2001-12-11
On December 11, 2001, China officially became a member of the World Trade Organization after an agreement was reached at the ministerial conference in Doha.
1993-12
In late 1993, China determined the plan to unify the RMB exchange rate, merging the official and market rates. The relevant reforms were officially implemented the following year.
1976
In October 1976, the ten-year-long Cultural Revolution ended with the "downfall of the Gang of Four"; the prolonged political campaigns had a severe impact on China's economy.