China book fact countercyclical asset of the day

The People’s Press – the biggest publishing
house for China’s orthodox revolutionary books – reports that Marx’s
anti-capitalism opus "Das Kapital" has been selling about 4,000-5,000
copies nationwide a month since last November. That’s a big jump from
before the economic crisis, when the book sold well under 1,000 copies
per month on average.

The "Selected Works by Mao Zedong," a book
owned by almost every Chinese citizen a few decades ago, is also
witnessing a big jump in sales since late last year, according to Mr.
Pan from the People’s Press circulation department.

Here is the full story and I thank Ryan Tetrick for the pointer.


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