- 1/8 Shuli Ren: "Boosting domestic demand is now seen as the only viable way to offset Trump’s tariff blow to exports, the one bright spot in an otherwise anemic economy. In an extreme scenario, if trade tensions... www.bloomberg.com/opinion/arti...
- 2/8 escalate and wipe out all Chinese exports to the US, which currently account for 3% of gross domestic product, Beijing will have no choice but to get people to spend to meet its growth ambition."
- 3/8 Ren is arguing that Trump's policies might be good for China because they "might just accelerate structural economic reforms that Beijing has been slow to enact". She's right, but it won't be easy. Beijing's failure to restructure the economy is not just an oversight.Dec 16, 2024 03:14
