China’s New Slogan ‘Six Stabilities’ Is Meant to Stabilize Bubbles
In a file photo, a model of real estate development plans in Beijing's Central Business District is seen at Beijing's Urban Planning Exhibition Center. Frederick J. Brown/AFP/Getty Images
Since January, the signal released by the Chinese communist regime has been very clear: it will invest in urban rail transit construction to stimulate the economy, a repetition of the old trick used in 2009 whereby the government spent 4 trillion yuan ($594 billion) to revive the economy.
He Qinglian
Author
He Qinglian is a prominent Chinese author and economist. Currently based in the United States, she authored “China’s Pitfalls,” which concerns corruption in China’s economic reform of the 1990s, and “The Fog of Censorship: Media Control in China,” which addresses the manipulation and restriction of the press. She regularly writes on contemporary Chinese social and economic issues.
