Chinese Academy of Social Sciences

A record points plunge in the US stock market this week could be good news for China’s exporters, according to a Chinese government economist who predicted a big correction in American shares four weeks ago.

The Communist Party mouthpiece, People’s Daily, attacked America’s constitutional structure, claiming that “there is no such thing as democracy and freedom under U.S. constitutional governance.”

The figure is based on the assumption that 25 million people a year settle in cities, with the government spending the money on making sure they enjoy the same benefits in healthcare, housing and schools that city residents have, the Chinese Academy...

A study conducted by the Chinese Academy of Social Sciences found, among other things, that Chinese hold the view that the Chinese political system simply cannot be compared to that of the United States.