China’s economic recovery is spluttering. The prognosis is not good
There are lessons from Japan’s long stagnation
When the Chinese government abruptly abandoned its zero-covid policy at the end of 2022, all bets were on a rapid economic rebound. After nearly three years of restrictions, the world’s second-largest economy would, the thinking went, come roaring back.
This article appeared in the Leaders section of the print edition under the headline “Confidence trap ”
From the June 24th 2023 edition
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