economy | Ministry of Harmony

CCTV Biopic Changes Deng Xiaoping’s Words to “Let Some People Get Rich First, Then Let Them Get Even Richer”

Friday, August 22, 2014

BEIJING — CCTV’s new biopic Deng Xiaoping at History’s Crossroads has generated some controversy over its historical accuracy and humanistic portrayal of the former Chinese leader.

But no part of the series has proven more controversial than the decision to change some of Deng’s most famous words.

China Bans Banks from Handling Bitcoins

Monday, December 9, 2013

The People’s Bank of China has banned Chinese banks from handling transactions in bitcoins because it is a virtual currency not backed by any central authority. Here are the…

Reforms from the Third Plenum of the CPC Central Committee

Wednesday, November 6, 2013

The third plenum of the CPC Central Committee is set to take place from 9-12 November and forecasters are expecting significant changes in China’s economic policy. Here are some reforms the plenum is expected to enact: