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I still think the biggest mistake the Chinese have made lately is the crackdown on the private sector. Reining in all the big Chinese entrepreneurs is only going to hurt Chinese growth, and I'm not sure how this gets fixed as it is all tied up in Xi's fear of being upstaged by Chinese businesspeople. And it isn't just the big entrepreneurs, either.

The only addition to your list is bad loans by state banks, another really difficult issue.

Sep 16, 2022
at
3:40 PM