Wednesday, August 16, 2023

China's future

I don't really follow economic news that much. But I see enough to know that economic numbers for China are really bad these days. I think the biggest tell is the fact that China has been releasing less and less economic data in the last few years. But what really does interest me is the weird divide between the utter gloom about China's future in the economic press, and the rest of foreign news coverage that simply assumes that China is a rising superpower and will continue to rise indefinitely. If China is really in that dire of straits then it will hobble Chinese power and influence. Are political writers just ignorant of China's economic predicament? Or are economic writers prone to project any bad news into a economic catastrophe?