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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
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Yang Weimin, former deputy head of the Office of the Central Leading Group on Financial and Economic Affairs: “The main reason for weak consumer demand in China is fundamentally a matter of income.”
He's right, of course.
https://www.scmp.com/economy/china-economy/article/3326866/boost-household-income-drive-chinas-economy-next-5-years-ex-official-urges?module=top_story&pgtype=section
2025-09-26T05:22:36.152Z