China is big and powerful, but its consumption per head is no higher than Peru. A ‘recession with Chinese characteristics’ is not out of the question. China faces its most serious economic challenges since Mao’s death in 1976
The China narrative that Beijing propagates and many echo looks comfortable enough. But as a new decade dawns, it is less robust and more brittle than often assumed.
The yuan anchor for China, Asian trade, the global monetary system and US China relations now looks a lot less solid
Watch household debt, economic growth and politics
An increasingly authoritarian China will try to make the economy and society work better, not become more liberal.
14th August 2014
Remember when discussions about China were dominated by whether you thought there was going to be a hard or soft landing?