Unpredictability is likely to undermine the economy still further
A sober message from China’s National People’s Congress
There is no denying it has been a difficult 12 months for Beijing
China’s ‘two sessions’ had one downbeat message
The Chinese state can throw money at its economy – but that avoids the real issue
Xi feels the heat
-China is under pressure from Washington to liberalise in ways that are uncomfortable
-Liberalisation has consequences for the Communist Party to which it is strongly opposed
-But China’s economic slowdown and domestic pushback are edging it closer to a deal
