GOOD MORNING FROM LONDO #225 FIRST POST
I recommend an article in today’s online FT by Arthur Kroeber. He answers “No” to the question “Is China’s Economy Fading?”
Chinese policymakers are exploiting the economy’s strength to tackle issues such as financial leverage, internet regulation, and in making technology “the main driver of investment”. On a 2 year average China’s economy is growing at 5% and the US at 1%. Looking ahead China will grow at double the US rate.
Despite Covid + Trump’s trade war, China’s export base remains “robust”. Direct investment into China exceeds ditto into the US at $150bn pa. China’s economy will be driven by investment, not consumption. The goal is not to support demand but to direct capital to the right investments.
More in another Post today – #226
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