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The Return of Pragmatism in China
I don't see any rationale against this view of de-globalization and decoupling. The real economics difficulty right now is to find something to replace the property sector, which probably accounted for a third of China's GDP. And even though resources are directed towards now hard tech, now the high tech, now towards things like EVs and renewables. It will be a pendulous swing between the economy and security and sometimes economic s'mores.