Michael Pettis on Persistent Imbalances in Post-Pandemic China
Odd Lots
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China's Economic Recovery and Cultural Resurgence
This chapter examines the projected recovery of the Chinese economy in 2021, attributing potential growth to increased household savings post-pandemic. It discusses the challenges China faces in achieving sustainable growth amid existing structural issues and income inequality, alongside the contrast between its governance model and that of democracies. Additionally, the chapter highlights the revitalization of Beijing's music scene, reflecting broader cultural shifts as live performances gain popularity once again.
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