China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua
China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua
Zhou Xin
Opinion

Opinion

Zhou Xin

Xi Jinping’s new economic focus on China’s demand reform borrows ideas from Marx more than Keynes

  • China’s emphasis on the ‘demand side’ shows Beijing is looking at structural and institutional reasons underlying underconsumption
  • An all-out stimulus in 2008 arrested economic slowdown but also poisoned government and corporate balance sheets, making it a less-viable option now

China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua
China’s Politburo has vowed to prevent the “disorderly expansion of capital” – an implication that capital has gained too much and must be curtailed. Photo: Xinhua
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Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.