Chinese workers are protesting at a significant rate, despite government repression, research shows.
While President Donald Trump must prepare for a reelection contest next year, Chinese President Xi Jinping faces no such referendum.
Along with David Chor of Dartmouth, and Binjing Li of the National University of Singapore, Campante published his findings on the relationship between the Chinese export machine and growing incidents of public protests by suffering Chinese workers in a new working paper with the National Bureau of Economic Research.
“China’s economy has bigger problems than just trade with the United States,” wrote Carl Weinberg, chief international economist at High Frequency Economics, in a recent note to clients. “China’s exports to the world outside the United States — representing 85% of its exports—are fading just as fast as exports to the United States.”
Sluggish economic data is affecting Chinese investor sentiment as the Shanghai Composite SHCOMP, -0.99% lost 3.6% over the past three months, while the Shenzhen Composite index 399106, -1.81% has fallen 7%. That’s compared with a 2.7% advance for the S&P 500 index SPX, -0.16% and a 1.4% rise for the Dow Jones Industrial Average DJIA, -0.07% over the same period.
“Employees don’t normally want to rock the boat,” he said. “But actions are prompted when it seems there’s nothing to lose, like the factory being closed or relocated and people are being laid off. Then you see a lot of protests and strikes and actions.”
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