China: Xi’s third term – part two: property, debt and common prosperity

In part one of my analysis of China’s economic future, I dealt with the claims that China would slow towards stagnation because its investment rate was too high, the working population was falling fast and the economy needed to become like mature Western capitalist economies based on consumption-led growth.  I argued that the Western capitalist […]

China: Xi’s third term – part two: property, debt and common prosperity

China: Xi’s third term – part one: growth, investment and consumption

China’s Congress of the Communist Party takes place this week.  This is an important event not only for China, but globally.  The Western media have concentrated on the fact that current party leader Xi Jinping will be confirmed for an unprecedented third term as party leader and thus also continue as President of China when […]

China: Xi’s third term – part one: growth, investment and consumption