So far China has moved deliberately and precisely to overwhelm all the naysayers like Jim Chanos. I admire their leadership for their ability to move such a significant nation with care and caution and without a meltdown of their own design, without a war, and lifting hundreds of million out of poverty. Compares well with our current impulsive, chaotic, inconsistent policies that only help the rich get richer while the non-wealthy who vote for Trump fall further and further behind (looking at you coal miners).
I suspect you and Warwick Powell have quite different priors but also share some commonalities. Might the two of you consider collaborating and writing joint articles? Just a suggestion.
I get the impression that while acknowledging lack of consumption's share in GDP as a serious problem (finally), the Chinese leadership continues to tackle it with the same tools that caused the problem in the first place - i.e. the supply side measures.
So far China has moved deliberately and precisely to overwhelm all the naysayers like Jim Chanos. I admire their leadership for their ability to move such a significant nation with care and caution and without a meltdown of their own design, without a war, and lifting hundreds of million out of poverty. Compares well with our current impulsive, chaotic, inconsistent policies that only help the rich get richer while the non-wealthy who vote for Trump fall further and further behind (looking at you coal miners).
Precisely focus where’re important!Like your saying you pounded on the table to get the attention 🤨in CDF
Hi you might find interesting Warwick Powell’s explanation of China’s development model. See: https://open.substack.com/pub/warwickpowell/p/chinas-economic-model-revisited?r=ewjlq&utm_medium=ios.
I suspect you and Warwick Powell have quite different priors but also share some commonalities. Might the two of you consider collaborating and writing joint articles? Just a suggestion.
I get the impression that while acknowledging lack of consumption's share in GDP as a serious problem (finally), the Chinese leadership continues to tackle it with the same tools that caused the problem in the first place - i.e. the supply side measures.