Chinese economist Mao Zhenhua, who was among the first to spot weaknesses in the country’s real estate sector, says the era of large-scale construction which fuelled the property crisis has ended.
Founder of Gavekal Dragonomics says efforts to dislodge China from global supply chains are unlikely to succeed and discussions of ‘reform’ from outside the country often miss vital context.
Economist Richard Koo’s theories influenced Western policy decisions after the global financial crisis, and now he has strong words for Chinese policymakers on the need for fiscal stimulus to ward off a ‘balance-sheet recession’.
‘No government in its right mind’ would want China’s collapse, but what China and the US want from each other is unlikely to materialise ‘any time soon’, warns David Lampton, China watcher since the times of Deng Xiaoping.
What does one of the most influential business leaders think is the magic of China, and why could hubris rear its head if lessons are not learned from the perils and pitfalls of other economies?