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By He Qinglian, published: September 30, 2015   A flood of commentary has come out since the release of the long-anticipated Guiding Opinions on Strengthening and Reform of State-Owned Enterprises (《中共中央、国务院关于深化国有企业改革的指导意见》; “SOE Reform Program” or “Program” hereafter), jointly issued by the Central Committee of the Chinese Communist Party and the State Council. Some say that the Program is aimed at expanding and strengthening SOEs, while others say that the government is using market forces to promote privatization. That the same plan can yield two radically different suppositions is due to the Program’s strong “Xi Jinping quality”: It tries to combine the governance characteristics of both Mao Zedong and Deng Xiaoping and gain some advantage from both sides, thereby introducing a whole bunch of mutually contradictory […]


When the number of dead pigs over Huangpu River reached 6,000 a few days ago, I tweeted, puzzled by the lack of public outcry in Shanghai, “Shanghaiers, how many dead pigs do there have to be before you go to the streets to protest? Can you give us a number?” Now the number has more than doubled, and the Shanghaiers are still cool as a cucumber. I’m not the only one who is puzzled. A Chinese tweep who also lives in the US asked the day before yesterday, “Why is there no discussion about the dead pigs? In the face of serious pollution, large protests have erupted in small cities, but in Beijing and Shanghai, there has been nothing but dead silence. Someone in Shanghai […]


By He Qinglian He Qinglian (何清涟) is a Chinese economist who lived in China before 2001. In her bestseller The Pitfalls of Modernization (《现代化的陷阱》), she argues presciently that, as the power of local governments grows, officials who have favored reform would come to oppose further reform because it would limit their ability to trade power for money and money for power. The book was banned in China, Ms. He forced to exile. In 2006, she published China Shrouded in Fog (《雾锁中国》) that studies how the Chinese government manipulates and, to some degrees, controls overseas Chinese-language media. Ms. He lives in New Jersey with her family. The Chinese original is here.  The Securities and Exchange Commission in December charged the Chinese affiliates of five big accounting firms Deloitte, Ernst […]


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