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Michael Pettis on Persistent Imbalances in Post-Pandemic China
Odd Lots
The Importance of a Command Economy in 2020
China's GDP grew 2.3% last year, which means it was the only major economy to escape contraction. People have been pitching China's experience in 2020 as sort of like proof of the benefits of a command economy. But there are people out there who think that actually 2020 wasn't as good a year for China as it's been portrayed.
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