Ancora una giornata alla Blade Runner per la capitale cinese. Alla vigilia della conferenza sul clima COP 21, a Pechino i livelli di particelle inquinanti fanno registrare valori 15 volte superiori alla soglia sopportabile dall'uomo.
Il video kitsch della propaganda del regime di Pechino, prodotto dall'equivoco Fuxing Road Studio, per annunciare il 13esimo piano quinquennale cinese. Il shi san wu citato nel testo, ovvero 13.5.
Psichedelico.
Stefario Cerio ha documentato nella serie fotografica Chinese Fun lo stato di abbandono di numerosi parchi divertimenti in Cina, costruiti sull'euforia della bolla immobiliare.
La crisi di fiducia nella leadership economica di Pechino legata al peggioramento dei dati economici, ai tassi di interesse drogati, alla svalutazione dello yuan e alla fuga di capitali dalla Cina con shock finanziario globale, raccontata in 10 articoli.
China stock market crash: worst day's trading in Europe since 2011. The Guardian.
Stocks pare losses but market upheaval continues. The New York Times.
Why are global stock markets tanking? The Atlantic.
China's latest stock market crash: the basics. Vox.
Between June 2014 and June 2015, China's Shanghai Composite index rose by 150 percent. A big reason for the stock market rally was that a lot of ordinary Chinese people began investing in the stock market for the first time... Earlier this year, the authorities became concerned that the stock market's rise had become unsustainable. So they began to tighten limits on debt-financed stock market speculation. The stock market peaked in June and then began to fall quickly.
Market Correction: CNBC Explains. CNBC.
A correction is a decline or downward movement of a stock, or a bond, or a commodity or market index. The amount of the decline is at least 10 percent and a true correction exceeds that amount. In short, corrections are price declines that stop an upward trend... Stocks, bonds, commodities, and everything else traded on the markets never move in a straight line, either up or down. At some point their value will change--for better or worse.
It's Back to 2008 for Europe stocks as DAX enters bear market. Bloomberg.
China's stock market crash... in 2 minutes. CNN.
Market mayhem. Business Insider.
Three cheers for the plunging stock market. Fusion.
It's 1929 in China. Or 1989. Quartz.
Nervi saldi e niente panico.
Guida minima alle differenze sociali e culturali tra Hong Kong e la Cina in una serie di infografiche di Local Studio.
Il leader cinese raccontato sulle pagine del New Yorker.
Before Xi took power, he was described, in China and abroad, as an unremarkable provincial administrator, a fan of American pop culture ("The Godfather," "Saving Private Ryan") who cared more about business than about politics, and was selected mainly because he had alienated fewer peers than his competitors. It was an incomplete portrait. He had spent more than three decades in public life, but Chinese politics had exposed him to limited scrutiny. At a press conference, a local reporter once asked Xi to rate his performance: "Would you give yourself a score of a hundred--or a score of ninety?" (Neither, Xi said; a high number would look “boastful,” and a low number would reflect "low self-esteem.")
But, a quarter of the way through his ten-year term, he has emerged as the most authoritarian leader since Chairman Mao. In the name of protection and purity, he has investigated tens of thousands of his countrymen, on charges ranging from corruption to leaking state secrets and inciting the overthrow of the state. He has acquired or created ten titles for himself, including not only head of state and head of the military but also leader of the Party's most powerful committees--on foreign policy, Taiwan, and the economy. He has installed himself as the head of new bodies overseeing the Internet, government restructuring, national security, and military reform, and he has effectively taken over the courts, the police, and the secret police. "He's at the center of everything," Gary Locke, the former American Ambassador to Beijing, told me.
Il riassunto di Vox sull'accordo quadro tra l'Iran e i 5+1 per rimandare di qualche lustro la minaccia atomica di Teheran.
An important note: the deal is not yet finalized, and it is not particularly detailed. Thursday's announcement is only for the basic framework. Negotiators will continue to meet over the coming months to develop a complete, detailed agreement based on these terms. The deadline is June 30, but negotiations could collapse before then. However, this is a major step toward reaching a full agreement and thus potentially ending the world's yearslong standoff with Iran over its nuclear program.
Cause ed effetti del rallentamento dell'economia cinese spiegati dall'Economist.
Whereas previous leaders propped up growth whenever it slowed, Xi Jinping, China's president since 2013, has instead spread the gospel of the "new normal", by which he means less emphasis on growth and faster structural reform. The central bank has been hesitant to ease monetary policy. Changes to fiscal rules have made it harder for local governments to spend money. With consumer-price inflation running at a five-year low of 1.1% and producer prices deep in deflation, there is a case to be made that China's economy, restrained by the government, is performing below its potential. The good news is that neither the cyclical nor the policy explanations for China's slowdown are permanent. As the cycle turns and policy changes, the outlook should improve. But the structural shifts in the Chinese economy are a different story. They will cap any rebounds. Double-digit growth is most certainly a relic of China's past.
Dmitry Vazhnik ha visitato Hong Kong nel febbraio dello scorso anno e di nuovo a novembre durante le proteste di piazza per la democrazia nell'ex colonia britannica. Questo è il time lapse che ha catturato con la sua Canon 5D Mark III.
