A woman walks past Shanghai’s Lujiazui financial district in January 2019. China has recently been intensifying the role of state-owned enterprises. Photo: AFP

China shouldn’t follow the US on the road to mediocrity by pursuing market concentration

  • In supporting state-owned firms, the Chinese government is mirroring the trend towards market consolidation in the US, the results of which have not been stellar
Topic |   United States

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A woman walks past Shanghai’s Lujiazui financial district in January 2019. China has recently been intensifying the role of state-owned enterprises. Photo: AFP
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Union members and Occupy Wall Street protesters stage a protest near Wall Street in New York on October 5, 2011. Photo: Agence France-Presse

Will the US economy plunge into a recession by 2021? Half of America’s business economists expect it to happen

  • Half of the nearly 300 business economists surveyed by the National Association for Business Economics (NABE) believe a recession will begin by the end of 2021
  • Only 11 per cent surveyed believe a recession through 2021 can be avoided
Topic |   United States

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Union members and Occupy Wall Street protesters stage a protest near Wall Street in New York on October 5, 2011. Photo: Agence France-Presse
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