When the Chinese term first emerged in popular culture in China a few years ago, the initial application was to Chinese students and young people trapped in highly competitive schools and jobs that ...
Mr. Davis is an economics reporter and an author of “Superpower Showdown: How the Battle Between Trump and Xi Threatens a New Cold War.” Competition in China is often far more cutthroat than in the ...
Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. You know the China story. Population? Huge. Economy? Very huge. Trade surpluses? Really huge. Maybe too huge. Even ...
When MEXC quietly rolled out its new Launchpad feature this past June 6th, the exchange knew that it had something special. In its inaugural two weeks, over 100,000 users had participated in four ...
Prolonged economic challenges tend to generate their own terminology. When the US struggled with low growth and below-target inflation in the years after the 2008 crisis, the oft-used phrase was ...
If you are feeling dispirited at work or burned out by the general pressure of life, there is a perfect word for you: "involution." The Mandarin Chinese word for "involution" — neijuan — is now a ...
HONG KONG, August 13 (Reuters) - Overcapacity has made its way into China’s domestic market, with price wars leading to collapsing profitability and accelerating deflation. The government has ...
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A New Challenge for China’s Economy: ‘Involution’
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and ...
Simply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox. The writer is a senior adjunct researcher at the Rand Corporation’s China Research Center and senior associate ...
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