The failure of the government to address the problem stems from the electoral politics to which the protesters are so committed.
For Andrew Sheng's latest contributions to The Japan Times, see below:
Hong Kong's outrage at China's government is misplaced and self-destructive.
After 117 consecutive months of economic expansion, the U.S. could soon find itself thrown back into a painful recession, owing to disruptions caused by its own trade policy.
U.S. elites have spent decades creating the conditions for a figure like Trump to emerge.
Chinese President Xi Jinping has waged a relentless fight against corruption, but the war is far from won.
Market optimism about U.S. growth could lead to ever-larger imbalances and possibly disrupt the international monetary system.
China's transformation into a consumer society is good news for the future of the global economy.
The battle over the renminbi's exchange rate reflects growing tension between the interests of the "financial engineers" (such as the managers of dollar-based hedge funds) and the "real engineers" (China's policymakers).
Effective communication with market participants and real-economy players will be crucial if China is to achieve market credibility and stability.
China's leaders must cope with an asymmetry between what they can deliver and what consumers demand.