A Look at Recessions of the Past in China

Posted by Reading Time: < 1 minute


Jan. 16 – Every Friday afternoon we feature a round up of the best weekly stories and articles from China Expat that bridge the gap between China business and culture. We hope you’ll find them interesting and enjoyable.

Remembrance of Chinese Downturns Past
Luckily, one of the tourists recorded it on a cell phone. Their guides at the Ming Tombs had been bemoaning the drop in business since the economic crisis, when an unearthly voice rumbled from the Changjing tomb, final resting place of the Yongle Emperor.

“Crisis? Downturn? Where are the mounted barbarians burning and looting? The granaries are full. The commoners have meat, even on non-festival days. Taxes are light, and officials needn’t fear the treachery of malevolent eunuchs. Stop whimpering and bow to the heavens for your good fortune!” Read the entire article

China Expat is available with a weekly update for complimentary subscription and features regular China art, culture, history and travel articles as well as a comprehensive China city travel guide section.