Taps Coogan – January 27th, 2022
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The Hudson Institute recently held a discussion between Senior Fellows Thomas J. Duesterberg and Leland Miller, the man who runs China Beige Book International – the largest private in-country data-collection network in China. While host Nadia Schadlow expected to have a voice warning that China was heading for economic slowdown (Duesterberg) and a China dove (Miller), to her initial surprise, both essentially agreed that China is headed for long term economic stagnation and both agreed the West must take increasing steps to halt Chinese economic espionage and mercantilism.
What disagreement existed revolved around whether China’s economic problems might precipitate an acute economic and political crisis (Duesterberg) or simply a protracted period of stagnation and reinvention (Miller).
Enjoy the wide ranging discussion of China’s economic outlook over the next several years below
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China builds bridges to nowhere and calls it growth. Far too much of China’s wealth has been placed into poorly built empty housing. The housing market in China appears to be a house of cards ready to collapse at any minute. It is also a market sector that has become greatly oversized that it may now account for 25% or more of China’s GDP. The article below argues this will be impossible to simply manipulate away.
https://brucewilds.blogspot.com/2021/10/china-housing-market-is-on-life-support.html