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In China, The Great Deep Freeze Continues
China: It's not going well.
Still. It's still not going well for the world's second-largest economy. "Still" is a reference to Beijing's nascent stimulus push which, despite a lot of rhetoric, hasn't actually produced much in the way of concrete policy on the fiscal side, let alone real-world results.
Authorities in Beijing would doubtlessly quibble with that contention. In fact, if I lived on the Mainland (or, for that matter, in post-2020 Hong Kong, where democracy's a quaint notion), I'd pr
Great time to get a washing machine or rice cooker in China.
H-Man, the other day a party economist suggested the GDP number was not 5% but maybe closer to 2%. Not surprisingly, he has been put on ice by Xi. So how much credibility do we give the numbers that China spits out? The answer should be “not much”.