economy

www.telegraph.co.uk — China's political and economic reforms are now "being held hostage" by "powerful vested interests", according to a new report from a professor with close ties to the Communist party.

www.theglobeandmail.com — Pollution costs China, the world’s largest emitter of greenhouse gases, hundreds of millions – perhaps billions – of yuan annually. It also threatens the ability of the world’s second-largest economy to evolve into a fully developed, first world country from its current industrializing state

www.latimes.com — Images of Greek demonstrators rioting over austerity measures and Occupy Wall Street protesters scuffling with police in the U.S. appear to be worrying China's communist leaders.

One of China's most senior officials has acknowledged that the souring global economy has the government on edge.

www.theglobeandmail.com — No one believed more fervently in China’s economic miracle than the residents of this pretty coastal city, which produces shoes, eyeglasses and cigarette lighters sold around the world. The good times of the past decade made many in Wenzhou rich, and residents repeatedly doubled their bets, pouring their earnings and more into stock markets and real estate.

www.theonion.com — In what it's describing as a magnanimous gesture toward an economy in decline, the Chinese government announced Monday it would forgive a portion of the staggering U.S. debt if Americans agreed to dress up in costumes and perform silly dances for their amusement.