Attention Economy


Monday, November 6, 2023

China Tries to Revive its Economy

More Semiconductors, Less Housing: China’s New Economic Plan
https://www.nytimes.com/2023/11/06/business/china-economy-property-crisis.html
Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.
 
China Tries to Lure Its Unemployed Youth to the Countryside
https://www.wsj.com/world/china/china-youth-unemployed-xi-mao-countryside-075bbd46
Communist Party seeks to deploy hundreds of thousands to rural communities, aiming to keep young people busy while city jobs are scarce
 
Foreign Firms Pull Billions in Earnings Out of China
https://www.wsj.com/world/china/foreign-firms-pull-billions-in-earnings-out-of-china-0423b68a
The outflows show interest rates, U.S. tensions and a weak economy are sapping China’s investment appeal