David Fishman on why the "turmoil" framing misreads China's solar sector, and what's actually happening as the industry leaves policy protection behind
Just in general, it's best to disregard pretty much anything The Economist has to say about China. They also recently did a botch job on China's auto industry with the brilliant line "...BYD has lost its spark". Hmmm... It's probably a good thing that nobody gets a byline; in the future, they can disavow ever having been involved.
A excellent piece from someone clearly more knowledgeable about the topic than the author of the Economist article.
There seems to be a growing body of such content in major economic and financial publications — cherry-picking data points, or sometimes simply an individual's opinion, to support a negative view of China.
Granted, not everything is working perfectly in the country; yet the economic fundamentals show a system that, on a relative basis, appears to be moving in the right direction compared to the US or EU. What we are witnessing might be called "CDS"; China Derangement Syndrome.
The real problem is reading The Economist, which for as long as I can remember, is a front for the ideology of unrestrained imperialism internationally and unrestrained class exploitation at home. This they bake into "news" and "analysis" and the resulting propaganda is consumed whole and unexamined by most of the buiness and professional class in the so called west.
Just in general, it's best to disregard pretty much anything The Economist has to say about China. They also recently did a botch job on China's auto industry with the brilliant line "...BYD has lost its spark". Hmmm... It's probably a good thing that nobody gets a byline; in the future, they can disavow ever having been involved.
A excellent piece from someone clearly more knowledgeable about the topic than the author of the Economist article.
There seems to be a growing body of such content in major economic and financial publications — cherry-picking data points, or sometimes simply an individual's opinion, to support a negative view of China.
Granted, not everything is working perfectly in the country; yet the economic fundamentals show a system that, on a relative basis, appears to be moving in the right direction compared to the US or EU. What we are witnessing might be called "CDS"; China Derangement Syndrome.
Thanks interesting to read.
The real problem is reading The Economist, which for as long as I can remember, is a front for the ideology of unrestrained imperialism internationally and unrestrained class exploitation at home. This they bake into "news" and "analysis" and the resulting propaganda is consumed whole and unexamined by most of the buiness and professional class in the so called west.