Noah Smith on the Future of the Chinese Economy and the Climate of Social Change in the US
Macro Musings with David Beckworth
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Is Xi Jinping Playing the Wrong Hand?
The Great Firewall of China doesn't seem to be holding as strongly as one might expect. The Belt and Road, this huge initiative that was supposed to put China at the center of the world economy, basically created a whole bunch of extremely uneconomical projects. It had no policies to actually decrease inequality. All it does is just arbitrarily smash China's like industrial champions. A real estate crunch or collapse was long and coming but could have been handled more smoothly.
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