Wired-Gov·3 min read·hard
‘Structural divergence’ in China’s economy exposes a growing problem
✦AI Summary
China's economy is experiencing 'structural divergence,' where the manufacturing sector thrives while household spending remains weak. This trend reflects a deliberate government strategy to prioritize industrial growth and geopolitical leverage over domestic consumption.
Manufacturing is thriving while household spending is suffering. This seems to reflect a deliberate strategy by Beijing to maximize its geopolitical leverage. Growth suffers as a result.
economybusinessworld
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