China’s Economic Woes Mount As Party Dithers

The Chinese economy's a mess. I've run out of academic ways to say as much. Every day brings additional evidence to support the contention that with allowances for the fact that the Party wouldn't report an outright contraction in economic activity under anything but the direst of circumstances (e.g., during a pandemic), the country's in what, for China, counts as a "recession." A year, maybe two, ago, a reader whose professional bio suggested he managed other people's money for a living (or w