The full piece covers the impacts of decoupling, the role of the private sector, what "dual circulation" and "common prosperity" are all about and more, but here are charts on some key points (1/14)

https://twitter.com/hancocktom/status/1579633982375100416

Much commentary this year emphasizes the downside. When Xi Jinping took over in 2012, economists debated the “middle income trap.” But China’s per capita income then overtook middle-income peers, reaching the cusp of what the World Bank defines as “high income” status

Writing this assessment of how the Trump's administration's trade war with China produced few clear wins provided a chance to read through some of the academic research on what happened. These were some of the more surprising findings bloomberg.com/news/articles/… 1/x First, Chinese exporters generally didn’t lower prices of goods targeted by duties to make their products more competitive after the tariffs, meaning the cost of imports from China increased nber.org/papers/w25638