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“Going Xianzhong Mode”: Can Local Governments Stop “Revenge Against Society” Attacks?
Indiscriminate mass attacks have been increasing in China since at least 2000, with 2024 clocking in as the bloodiest year on record....
Patricia Thornton
May 30, 202531 min read


Broke But Not (Yet) Bankrupt: Local Government Finance in the Age of Economic Stagnation
The combination of the real estate crash that started in 2021 and the Covid-19 lockdowns in 2022 has contributed to a dramatic fall in...
Minxin Pei
May 30, 202524 min read


The U.S.-China Trade War: Implications for Central and Local Budgets
Although temporarily alleviated, the high tariff rates announced by the U.S. could have a major impact on China’s economy, although the...
Victor Shih
May 30, 202516 min read
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