Thanks Kaiser for this post, a welcome reprieve from the mindless anti-China rhetoric of many Western media! During June/July I spent twice a couple of weeks in China (Beijing, Shaanxi, Shanghai and Liaoning), and my impressions were very similar to yours. The situation in general looks much better than half a year ago; definitely no eco…
Thanks Kaiser for this post, a welcome reprieve from the mindless anti-China rhetoric of many Western media! During June/July I spent twice a couple of weeks in China (Beijing, Shaanxi, Shanghai and Liaoning), and my impressions were very similar to yours. The situation in general looks much better than half a year ago; definitely no economic collapse. But one main problem remains: Both Chinese and foreign business people are still rather pessimistic. Many private entrepreneurs feel they are under double attack from Washington and from Zhongnanhai. To really get the economy roaring again, there is a need to re-gain the confidence of private investors who now feel very much unloved.
Thanks Kaiser for this post, a welcome reprieve from the mindless anti-China rhetoric of many Western media! During June/July I spent twice a couple of weeks in China (Beijing, Shaanxi, Shanghai and Liaoning), and my impressions were very similar to yours. The situation in general looks much better than half a year ago; definitely no economic collapse. But one main problem remains: Both Chinese and foreign business people are still rather pessimistic. Many private entrepreneurs feel they are under double attack from Washington and from Zhongnanhai. To really get the economy roaring again, there is a need to re-gain the confidence of private investors who now feel very much unloved.
BTW I published a short summary of my impressions here: https://www.linkedin.com/feed/update/urn:li:activity:7218730669378592768/