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Fuerdai (Chinese: 富二代; pinyin: Fù'èrdài; lit. 'rich second generation'; [fû.âɚtâɪ]) is a Chinese term for the children of the nouveau riche in China. [1] [2] [3] This term, generally considered pejorative, is often invoked in the Chinese media and everyday discussions in mainland China as it incorporates some of the social and moral problems associated with modern Chinese society.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
A 50 MW molten-salt power tower in Hami, Xinjiang, China. The industrial sector comprised 38.3% of the gross domestic product (GDP) of China in 2023. [1] China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises.
After spending years climbing China's ultra-competitive academic ladder, "rotten-tail kids" are discovering that their qualifications are failing to secure them jobs in a bleak economy. Their ...
After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock ...
Jin Keyu (Chinese: 金刻羽; born 13 November 1982) is a Chinese economist.She serves as associate professor of economics at the London School of Economics and a World Economic Forum Young Global Leader, specialising in international macroeconomics and the Chinese economy. [1]
China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying ...
The reforms of 1978 changed TVEs, which became the most vibrant part of the Chinese economy as they experienced significant expansion in the 1980s and early 1990s. [ citation needed ] However, from 1989 to 1991, these enterprises faced challenges due to the blending of government administration with enterprise operations, marking a period of ...