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The Sugarbolts

The Grumble Is Counted

Oct 12, 2026 · 0:30

The city of Ledgerville, where a traveller finds China never richer, yet many grumbling about money. Dash: nobody he met talked politics, and Hainan Island's runaway property boom has ground to a halt. Pop: one retiree put his whole savings into an apartment there. Zap: it lost over a third of its value, and he had borrowed too. Officials call reporting on such anxiety anti-China bias.

In a China that has never been richer, nobody the returning writer met voiced political dissent, but many grumbled about the economy, especially on Hainan Island, where a runaway property boom has ground to a halt and a retiree who spent all his savings and borrowed to buy an apartment there has watched it lose more than a third of its value; officials call reporting on such anxiety anti-China bias.

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A Long Way From Deng

New York Times · Oct 12, 2026

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