The Chinese economy hasn’t been growing like it used to, with a turbulent 2015 for the country’s stock market.
But despite the economic slowdown, China would like you to think otherwise, says Marketplace’s China Correspondent Rob Schmitz. Its latest tool to push a rose-tinted outlook: communist hip-hop propaganda, also known as rapaganda.
CCTV, China’s biggest state broadcaster, recently launched a cartoon extolling a political committee — the Central Leading Group for Comprehensively Deepening Reforms — headed by China’s President Xi Jinping,
A snippet of the song’s lyrics, translated into English:
Gotta eye the reform group in 2015 / [It] pushes economic development and a wealthier society / [It] improves [government] services / [Must] streamline the administration and delegate power to lower levels / [Must] believe in the government/ Let hands that should not move stay unmoved, let the market rule …
However optimistic China may want to appear, 2016 is looking to be a rough year for the country.
“This year is not going to be easy for China,” Schmitz said. “We’re going to see more defaults from state-owned companies in the heavy industry sector, and that’ll mean more unemployment, too.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.