Editor’s Note: Every Wednesday, WPR contributor Rachel Cheung and Assistant Editor Benjamin Wilhelm curate the week’s top news and expert analysis on China. Subscribers can adjust their newsletter settings to receive China Note by email every week. After months of petitioning, Xu Yan just saw her husband for the first time in three years. A prominent human rights lawyer in China, Yu Wensheng was seized by a dozen police officers, including a SWAT team, on a January morning three years ago, when he left his apartment in Beijing to walk his 13-year-old son to school. Yu, who was nominated for [...]
Editor’s Note: Guest columnist Daniel McDowell is filling in this week. The dollar’s status as the global reserve currency is in grave danger—at least that’s what a growing chorus of pundits and observers are saying. The U.S. government has embarked on a debt-driven spending spree as the country grapples with the COVID-19 pandemic and its economic repercussions. This explosion of U.S. borrowing, combined with more “money printing” by the Federal Reserve, has led mega-investors, hedge fund managers, economists and elite financial institutions to sound the alarm in recent months. America’s fiscal and monetary policy efforts to prop up the economy [...]
The last time China’s most famous billionaire, Jack Ma, was seen in public was October. It was an appearance that did not please the regime in Beijing. The founder of e-commerce giant Alibaba—something of a Chinese Jeff Bezos—may have grown too confident and too powerful for the Chinese Communist Party, which may have decided it was time to not just silence him and limit his power, but to send a message to other potential critics with wealth and influence. It would not be the first time that China has used repressive tactics to put elites in their place. And it [...]
