1/9 A very good Adam Tooze explanation of the current state of debate on Chinese imbalances. He is right, by the way, when he dismisses sectoral explanations (I call them “incremental” explanations) for the surge in overall imbalances by noting that... open.substack.com/pub/adamtooz...
Chartbook 454: China shock 2.0 and mercantilist-on-mercantilist violence.
At Premier Lǐ Qiáng addressed the plenary opening of “Summer Davos” in Dalian China last week, something unusual happened.
open.substack.com