The China Diviner

An opinion piece recently published in the SCMP.

The need for common prosperity

There's been a tendency to attribute China's economic problems of 2022 in part to "common prosperity". That's unfortunate. Some elements of this programme will be needed if the sustained recovery out of covid that markets are hoping for is now to occur.

How to get Covid-wary Chinese consumers to spend more and save less
Covid-19 has exposed holes in China’s social welfare and dented people’s incomes. To get consumption to return and avoid permanent economic scarring, Beijing must boost the social safety net and incomes.