Pedestrians in Beijing. China may be hoping for an early breakthrough on a trade settlement with Washington, but this misses the point. It is the domestic economy that is most at risk and where more of China’s attention is needed. Photo: Bloomberg
Opinion
Opinion
Macroscope
It’s time for China to be honest about the poor shape of its economy
- The comforting numbers, rose-tinted projections and all-round positive spin that Beijing has been feeding the public have to stop. The Chinese economy is in trouble and policymakers must take radical action to stop the rot
Pedestrians in Beijing. China may be hoping for an early breakthrough on a trade settlement with Washington, but this misses the point. It is the domestic economy that is most at risk and where more of China’s attention is needed. Photo: Bloomberg