China’s online platforms have been inundated with conversations about deflation for the past month. A financial expert pointed out that China is not a market economy, and applying Western economics to assess it is difficult. Moreover, the expert said that “financial idling” is a problem that must be dealt with; otherwise, the economy will continue…
As Discussions of Deflation Flood China’s Internet, Expert Warns of ‘Financial Idling’
China Renews Pledge to Embrace Private Sector as Private Investment Shrinks to 11-Year Low
Beijing once again pledged to embrace its private sector amid record shrinkage in the country’s private fixed asset investments, one of the main drivers of China’s economic recovery in 2021. China’s annual growth in private fixed asset investment has shrunk to 0.9 percent in 2022, the lowest in 11 years, despite Beijing’s renewed embrace of…
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