Thread by @70sBachchan

36/ "Since Trump's trade war, there has been a total increase of about $200 billion in tariffs from China. For e-commerce companies, this means direct China-US trade has become too expensive. The solution? Mexico."
ht Spencer Potiker @CharmaineSChua

https://twitter.com/CharmaineSChua/status/1435291187691229186

37/ Beijing is popping China’s $52 Trillion property bubble that caused:
underinvestment in industry (crowding out effect)
decline in R&D (talent going to RE)
low consumer spending (tightening belts to save for pricier houses)
low growth (fewer babies)

https://twitter.com/INArteCarloDoss/status/1438944431734919175

38/“How China Avoided Shock Therapy” changes the terms of the debate.@IsabellaMWeber's Q is not...how 🇨🇳benefited from opening up,but how it succeeded in avoiding the disaster that integration into the world economy was to become for the Soviet"@adam_tooze noemamag.com/how-china-avoi…

39/ Don't stop at #EvergrandeCrisis. NOTHING in China can be understood without the forced-pace urbanization of 21stC. A nexus of credit-boom housing as families accumulated private assets off the public land that local party elites flogged off @Birdyword
wsj.com/articles/china…

40/ Can China continue to RIDE THE TIGER w new green growth model? "difficult to shift to a new growth model because constituencies that have...benefitted from the old model tend to be disproportionately powerful politically, and block attempts to adjust."

https://twitter.com/michaelxpettis/status/1440902979314335746

41/ "When Xi came to power in 2012/2013, he initiated his “anti-corruption drive” to resolve three primary constraints:

- Reduce corruption
- Soften the power-base of entrenched interests
- Uproot the most acute sources of factionalism"
Nice thread

https://twitter.com/kevtellier/status/1441774309652025346

42/ RIP Janos Kornai. Even when wrong about China's market socialism (that he did so much to build) he was so brilliantly wrong. A single Kornai footnote packed more insight than entire books @andrewbatson
andrewbatson.com/2018/01/22/why…

https://twitter.com/BrankoMilan/status/1450214002609561607

43/ '"...Xi explicitly addressed two social phenomena, “involution” and the “lying flat” movement, both of which emerged lately among urban youth tired of the rat race and the superficial meritocracy."

Chang Che on China's 'Red New Deal ht @leee_harris
prospect.org/world/china-re…