Monday, September 11, 2023

What Should China Do?

How to restore confidence in China’s economy? Go radical
https://www.scmp.com/comment/opinion/article/3233900/china-must-go-radical-restore-confidence-its-economy
Setting up a special bureau to look over business owners’ shoulders misses the mark. Beijing needs to stop harassing private firms, rethink its anti-corruption drive and trim the bureaucracy – nothing short of a mind-set change.
 
China misses 'common prosperity' goal as income gap now widest
https://asia.nikkei.com/Economy/China-misses-common-prosperity-goal-as-income-gap-now-widest2
 
Related:
https://www.project-syndicate.org/commentary/china-slowing-growth-excess-savings-declining-investment-by-daniel-gros-2023-09