The Intelligence from The Economist When politics dictates policy: China’s faltering economy
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Sep 29, 2023 
Simon Cox, the China economics editor for The Economist, dives into the challenges facing China's economy, particularly the Evergrande crisis and the tight grip of internal politics on policy-making. He discusses how shifting government strategies under President Xi Jinping have dampened consumer confidence. Meanwhile, Anne Rowe, Obituaries editor, reflects on Colombian artist Fernando Botero, exploring his unique artistic style that poignantly captures marginalized communities and addresses themes of violence and suffering.
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China's Hesitant Economy
- China's economy faces hesitation from consumers regarding spending and property purchases.
- The government's response to this slowdown has been unusually timid compared to past crises.
China's Cautious Central Bank
- China's central bank has cut interest rates, but only slightly, due to political constraints.
- Their caution stems from concerns about currency value, banking system stability, and a lack of independence from the political leadership.
Li Qiang's Weakness
- Premier Li Qiang is considered a weaker leader compared to his predecessors.
- He prioritizes implementing Xi Jinping's vision, and the focus on security over growth creates mixed signals for the economy.