Sadly, China is great in good part because its citizens are economically beaten down. Mr. Roberts, I think you're physically unable to utter any criticism of the CCP.
True, but it's still fascinating to know that they did this much. Your piece does fortify the case that Adam Posen wrote recently -- he's another one that I do read whenever I have the chance.
I generally read the Times, Wash Post and FT (also the Atlantic) which I think cover a lot, but I had not seen anything about the Bedaihe meeting and the described push-back, nor the details of Xi's response to it. Maybe just a gap in my recent reading, but whether there is or isn't a discussion of these questions within China's elite seem to me an awfully important topic of the moment. More generally, your economic commentary on Japan has always added a lot to my understanding, so I'm happy to have it on China!
Yeah, I led with the elders going after Xi because I figure most people had not seen it. I understand that a lot of the elite is unhappy with Xi, which doesn't mean they will, or even can, do much about it.
The problem is not going away and it’s a tricky one to effectively transition…
You touched on a few themes around social security that may be some form of prerequisite to transition to a consumption-led economy but I would love to see more details and suggestions on how China could manage this transition - perhaps in your next piece.
Personally, I struggle to see any concrete solutions beyond mass immigration from less developed countries to increase the utilization of infra.
I think Michael Pettis has been banging on about these problems for years but somehow the ship keeps sailing and we have yet to see any large systemic failures.
Hope for Chinas sake that they do manage this without any internal issues brewing.
Patty, Glad you liked it. I'm not fishing for compliments, but I'm curious what things struck you as most absent from the usual coverage. It helps me plan future posts.
Not a Bloomberg reporter based in Taiwan. An award-winning Japanese reporter who has spent years there. As I cited in the link to the blog. On what are you basing your claim that they did not go after him?
Sadly, China is great in good part because its citizens are economically beaten down. Mr. Roberts, I think you're physically unable to utter any criticism of the CCP.
True, but it's still fascinating to know that they did this much. Your piece does fortify the case that Adam Posen wrote recently -- he's another one that I do read whenever I have the chance.
Yes, I cited Adam in the first part of this series last week
I generally read the Times, Wash Post and FT (also the Atlantic) which I think cover a lot, but I had not seen anything about the Bedaihe meeting and the described push-back, nor the details of Xi's response to it. Maybe just a gap in my recent reading, but whether there is or isn't a discussion of these questions within China's elite seem to me an awfully important topic of the moment. More generally, your economic commentary on Japan has always added a lot to my understanding, so I'm happy to have it on China!
Yeah, I led with the elders going after Xi because I figure most people had not seen it. I understand that a lot of the elite is unhappy with Xi, which doesn't mean they will, or even can, do much about it.
Excellent read.
The problem is not going away and it’s a tricky one to effectively transition…
You touched on a few themes around social security that may be some form of prerequisite to transition to a consumption-led economy but I would love to see more details and suggestions on how China could manage this transition - perhaps in your next piece.
Personally, I struggle to see any concrete solutions beyond mass immigration from less developed countries to increase the utilization of infra.
I think Michael Pettis has been banging on about these problems for years but somehow the ship keeps sailing and we have yet to see any large systemic failures.
Hope for Chinas sake that they do manage this without any internal issues brewing.
Enjoying this commentary; fills a gap in what I see elsewhere.
Patty Kuwayama
Patty, Glad you liked it. I'm not fishing for compliments, but I'm curious what things struck you as most absent from the usual coverage. It helps me plan future posts.
Would love if you could get behind the mind of the PBOC today in a future post
I'd love it, too. But I'm not a China expert. Out of curosity, is there something specific you are wondering about?
Not a Bloomberg reporter based in Taiwan. An award-winning Japanese reporter who has spent years there. As I cited in the link to the blog. On what are you basing your claim that they did not go after him?