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Did China Just Lose The Growth Target?
How long before they stop reporting the numbers?
I'm just joking. I think. But if the trajectory of the world's second-largest economy doesn't inflect for the better, and soon, I do wonder if Chinese statisticians will come under even more pressure to paint a rosier picture.
Activity figures released on Saturday showed retail sales managed a mere 2.1% YoY gain last month. That was well short of consensus and the second-slowest pace since late 2022, when sales contracted as the Party grappled w
Time for a coup d’etat.
Caesar’s Senate is no longer available.
I’m no expert, but from my reading, the transition they are trying to make has always and everywhere been painful. I agree they have more than one “own goal”, but it’s probably impossible to do without a few of those.
Well, pivoting to all-out, one-man, dictatorial totalitarianism (which is where China’s headed) is a little more than an own-goal.
What Xi is doing there, Trump wants to do here. Vote carefully.
If you live in Indonesia or India, which development model might seem most attractive? The Chinese model with a democratic say traded for stability? The Singapore model which has produced damn good results (with minimal political say)? Or the US/Brazilian model where the benefits of growth mostly accrue to an already weathy sliver of society? Which is triggering populist uprisings?
People in countries which saw violent political upheaval in the last 100 years (India, Indonesia, Malaysia and …. China), may not opt for the choices Americans think are rational.
true dat.
Agree that our western perspective regarding democracy is not being shared by many people around the world. And I get it. Especially in poor countries, given the choice between freedom and prosperity, people oftentimes will choose prosperity. However, the government needs to make good on the promise of prosperity. If it fails to do so social unrest is very much back on the table imho
To distract from domestic woes, dictators create external threats. The natural place for Xi to do this right now is in the Phillippines, or rather the part of the “South China Sea” within the Phillippines’ maritime territory. It is a conflict that he can easily ramp up and down as needed, while testing and perhaps exposing US resolve.