China’s well-to-do are under assault from every side
Their agonies at the hands of markets and the state will reshape the Chinese economy
It was a year ago that the woman who asked to be referred to as Xue Li entered the minefield, although she did not know it at the time. It was only when a mine detonated that she realised the risk she had been running—and by then it was too late.
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This article appeared in the Briefing section of the print edition under the headline “Dissipating dreams”
Briefing
February 10th 2024
From the February 10th 2024 edition
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The transactional world Donald Trump seeks would harm not help America
Ukraine, Gaza and China will all test his self-interested approach to diplomacy
Donald Trump is a reckless president, but not yet a lawless one
He has yet to flatly defy a court order, which would initiate a constitutional crisis
America’s military supremacy is in jeopardy
To win future wars it needs new weapons, new suppliers and a new system of procurement
Online scams may already be as big a scourge as illegal drugs
And they are growing fast
Even in India, bureaucracy is being curtailed
Many small steps could make a big difference
Many governments talk about cutting regulation but few manage to
Yet radical deregulation is often a big boost to growth