An interesting phenomenon seems to be in the air. With the current financial crisis in America and unrest in Britain, it appears that multiple western media outlets cannot resist the temptation to interpret China’s and other countries’ responses in terms of “schadenfreude“. Although not as amusing as accusing the politburo of smoking weed, it certainly has all the qualities that characterize the distinct flavours of garrulous western reporting about China and Asia in general.

In response to the crises in Washington, Xinhua, in a much cited phrase (One that the international media has gone completely gaga over), called upon the US to “cure its addiction to debt” . This was interpreted by The Economist as schadenfreude, claiming that “regional celebrations” have erupted in Asia over the debt crisis. Continue reading All your Schadenfreude are belong to us? →