March 11, 2024
China is failing to address its economic challenges
China’s National People’s Congress completed its 2024 session this week with nary a word about addressing the country’s most serious economic problems.
The government did announce economic targets for the coming year and expounded upon its lofty pursuit of high-tech industrialization. But the week of meetings offered no real insight into how Chinese leader Xi Jinping intends to deal with a deepening property crisis, trillions of dollars of local government debt,…
