The entire article is laughable of course, but I have to just admire the sheer audacity of the last part:
If Xi’s government privatizes inefficient state-owned enterprises, expands access for foreign businesses, and provides more social services and better protection of private property, the economy would embark on a much stronger growth path.
As no such reforms were implemented in 2023, the stalled economic recovery should not have come as a shock. Things could get worse for China in 2024 without new pro-market initiatives. Xi might then have to pray for a bit more luck.
Wow. I wonder why this commentator thinks US/West who already do these things are struggling right now, even more than China?
If Xi’s government privatizes inefficient state-owned enterprises
Earlier this year Xi’s government saved the Chinese economy by buying up a massive chunk of the private real estate sector, literally the opposite of this nerd’s prescription.
Its this guy’s job to convince the readers of Business Insider: dentists, chiropractors, sea doo dealership owners, petty land lords-- not to invest in Chinese businesses. If people see China as a place that’s thriving they’ll invest in Chinese markets, which will make it harder to convince these petty bourgeois investors to go to war with China
No wonder we call economists the high priests of capital. Indistinguishable from some priest doomsaying the next harvest because we didn’t sacrifice enough bulls this season.
and nonsense is off the charts.
The entire article is laughable of course, but I have to just admire the sheer audacity of the last part:
Wow. I wonder why this commentator thinks US/West who already do these things are struggling right now, even more than China?
Earlier this year Xi’s government saved the Chinese economy by buying up a massive chunk of the private real estate sector, literally the opposite of this nerd’s prescription.
you’re supposed to just give them money, not buy them up! it’s a sin if the government gets to own stuff for its money…
:dog-with-ball: No consequences! Only profits!
Its this guy’s job to convince the readers of Business Insider: dentists, chiropractors, sea doo dealership owners, petty land lords-- not to invest in Chinese businesses. If people see China as a place that’s thriving they’ll invest in Chinese markets, which will make it harder to convince these petty bourgeois investors to go to war with China
Simple, they’re not doing enough
Commie Joe needs to cut corporate taxes to a flat 2%, increase incentives for businesses in the US, and levy heftier tariffs on Chinese goods
No wonder we call economists the high priests of capital. Indistinguishable from some priest doomsaying the next harvest because we didn’t sacrifice enough bulls this season.