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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.
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.