Morning Jolt: The Chinese Economy’s No Good, Very Bad Week

This is Dominic Pino filling in for Noah Rothman filling in for Dominic Pino filling in for Jim Geraghty. Jim will be back tomorrow.

On the menu today: China's economy. Again. It's worse than before.

China's Economic Slippery Slope

In only the past week, since I last wrote this newsletter about China's economic problems, those problems have gotten worse. China's struggles are all over the financial press right now, with little crossover into more mainstream journalism. Many American politicians continue to operate under the delusion that China is an economic powerhouse managed by genius technocrats who, despite their authoritarian tendencies, get results. It's worth countering that narrative. As the economies of the free world continue to recover post-pandemic, China's is sliding the other way.

The Economist summed it up this way on Thursday ...

WITH DOMINIC PINO August 14 2023 WITH DOMINIC PINO August 14 2023 The Chinese Economy's No Good, Very Bad Week This is Dominic Pino filling in for Noah Rothman filling in for Dominic Pino filling in for Jim Geraghty. Jim will be back tomorrow. On the menu today: China's economy. Again. It's worse than before. China's Economic Slippery Slope In only the past week, since I last wrote this newsletter about China's economic problems, those problems have gotten worse. China's struggles are all over the financial press right now, with little crossover into more mainstream journalism. Many American politicians continue to operate under the delusion that China is an economic powerhouse managed by genius technocrats who, despite their authoritarian tendencies, get results. It's worth countering that narrative. As the economies of the free world continue to recover post-pandemic, China's is sliding the other way. The Economist summed it up this way on Thursday ...   READ MORE

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