Tag: Stimulus (Economic)

China’s New Economic Agenda, a Lot Like the Old One: Takeaways

Media Library

Beijing was abuzz with politics on Tuesday. China’s annual legislative meeting — the National People’s Congress, when Communist Party leaders promote their solutions for national ills — opened for business. The event is a chance for the leaders to signal the direction of the economy and outline how and where the government will spend money in the coming year. Yet while aiming high, they offered little. Officials signaled that they were not ready for any showstopping moves to revive an economy battered by a property crisis, the loss of consumer…

The Economy Looks Solid. But These Are the Big Risks Ahead.

Chin@Strategy

The low-hanging fruit of the pandemic economic recovery has been eaten. As a result, the expansion is entering a new phase — with new risks. For months, the world economy has expanded at a torrid pace, as industries that were shut down in the pandemic reopened. While that process is hardly complete — numerous industries are still functioning below their prepandemic levels — further healing appears likely to be more gradual, and in some ways more difficult. Reopening restaurants and performance arenas is one thing. Fixing extraordinary backups in shipping…

Wonking Out: This Might Be China’s ‘Babaru’ Moment

Chin@Strategy

OK, who ordered that? You’d think that between Covid-19, climate change and U.S. democracy under siege, we would already have enough crises on our plate. A potential Chinese financial meltdown is the last thing we need. Yet here we are. The story of the moment is Evergrande, a huge, heavily indebted real estate company that appears on the edge of default. The echoes of the global financial crisis 13 years ago are obvious. The conventional wisdom is that Evergrande isn’t another Lehman Brothers, that any fallout from its woes, and…