A perennial challenge with China’s growth model has been overly high investment spending relative to GDP and unusually low consumer spending, something which China has long struggled to rebalance. As China attempts to move away from credit-intensive, investment-focused growth, the economy’s growth will have to rely on higher consumer spending. However, a prolonged household borrowing binge, COVID scarring and a deep slump in the property market in China have damaged household balance shee...| Liberty Street Economics
We should chill out and let the threats to America self-destruct—even China| www.discoursemagazine.com
Does China have a plan to save its wobbly economy? Last week in Foreign Policy I argued that it does—but not the sort of plan most Western economists are comfortable with. Western analysts blame sl…| The Scholar's Stage
This is a draft of The Intersection column that appears every other Monday in Mint. In the past few weeks the world has discovered that the Chinese| Nitin Pai's Cyberspace