From LRB, Slavoj Zizek on Sinicisation: What the Chinese party aims at in its patriotic propaganda, what it calls “socialism with Chinese characteristics”, is yet another version of “alternative modernity” — capitalism without class struggle. China is a communist success story — kinda. What is the Chinese economic system? Barkley Rosser investigates. The yuan’s rise will challenge America, but not before China changes. China hits the wall: Salvatore Babones on the yuan devaluation and the end of the economic miracle. Pundits can argue about devaluation versus market forces — but only one man knows for sure what the People’s Bank of China was up to when the value of the renminbi fell recently. From Vox, a look at China’s stock market crash: 11 things you need to know. Why the Chinese slowdown everybody knew was coming is causing a freak-out. A warning on China seems prescient: Kenneth Rogoff has made a career of studying financial crises, and he has long warned of one coming to China.
