The overseas degree that once bought a hukou (household registration), a subsidy and a salary premium now, at best, buys equal treatment. The official line is ‘no discrimination’, and no special favour either. An overseas degree has been losing its premium for a decade, as more of those who study abroad come home.
Offshore finance, widely understood as providing financial services to a jurisdiction's non-residents under a lighter regulatory regime, is becoming a buzzword in PRC policy circles.
Beijing's shorthand for its rural agenda is being recast as a theory. Sannong, meaning agriculture, rural areas and farmers, has anchored rural policy for three decades. Every No. 1 Central Document (notionally the first policy document issued each year) has, since 2004, been devoted to it.
Two major events, eight days apart, mark a transition in the PRC property saga. On 20 August, the real estate tycoon Xu Jiayin 许家印 Evergrande Group founder, was given a life sentence; the Group and Evergrande Real Estate received combined fines of C¥15.82 bn.