World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
WSJ News Exclusive | China’s Xi Speeds Up Inward Economic Shift
China is moving to shift its economy in a new direction of self-reliance on domestic consumers and local investors. Mr. Xi calls it "domestic circulation." This also means less dependence on imported technologies and inward looking policies. As the pandemic has reduced demand in other countries and as the U.S. and West tighten controls on imports and introduce new restrictions, there is the sense that the entire policy has to shift quickly to dependence on domestic consumers and investors.
Xi Jinping's vision for China
09/21/2021
Much lower incomes for the 40% of Chinese who live in rural areas, and the worsening inequality during the pandemic with workers losing jobs or on low pay, with China lacking a system of unemployment insurance like the US and EU countries, have created a new urgency for president Xi to tackle these problems. Glaring inequality with IPO's creating new millionaires or billionaires are frowned upon and president Xi personally axed the Ant IPO. After a crackdown on corruption involving about 1 million people, Xi has shifted investment to rural areas to improve conditions of living. State run enterprises are seen as more reliable in achieving Xi's vision of less inequality after the excesses of unregulated capitalist development since 1990.
Grouped Articles
Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision
WSJ 09/20/2021
China Blocked Jack Ma’s Ant IPO After Investigation Revealed Likely Beneficiaries
WSJ 03/20/2021
China’s President Xi Jinping Personally Scuttled Jack Ma’s Ant IPO
WSJ 03/20/2021
China’s Xi Ramps Up Control of Private Sector. ‘We Have No Choice but to Follow the Party.’
WSJ 12/10/2020
China Urges New Era of Mass Migration—Back to the Countryside
WSJ 11/17/2020
China Beat Back Covid-19, but It’s Come at a Cost—Growing Inequality
WSJ 10/21/2020
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us