A top economist has joined the growing list of China’s elite to have disappeared from public life after criticizing Xi Jinping, according to The Wall Street Journal.
Zhu Hengpeng served as deputy director of the Institute of Economics at the Chinese Academy of Social Sciences (CASS) for around a decade.
CASS is a state research think tank that reports directly to China’s cabinet. Chen Daoyin, a former associate professor at Shanghai University of Political Science and Law, described it as a “body to formulate party ideology to support the leadership.”
According to the Journal, the 55-year-old disappeared shortly after remarking on China’s sluggish economy and criticizing Xi’s leadership in a private group on WeChat.
Enjoy the 996 becoming 7-10-7
What gives workers even less time to be consumers, making China even more dependant on overseas markets.
What does this mean?
996 is a term the Chinese use to describe working 9am to 9pm, 6 days a week.
996 = working from 9am to 9pm, 6 days a week, work schedule practiced currently in many companies in China
7-10-7 = I’m guessing 7am to 10pm, 7 days a week because of worker shortage?
Old enough to remember people talking about a 4 day work week and complaining about how many bullshit jobs our economy is swamped with.
But I guess we actually do have a sever labor shortage and all that surplus manufacturing jettisoned out into the global market simply isn’t enough.