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