Source: EconLog
by Scott Sumner
“Over the past decade, China has drifted away from its previous policy of free market reforms, toward a more statist economic model. Statism almost never works, and the recent Chinese experience is no exception. Now Bloomberg reports that China may be willing to move back toward a somewhat more market-oriented economic policy regime …. This is not just good news for China’s investors; it’s also good for the broader Chinese public, and indeed for the entire world.” (02/17/25)