Noah Smith at noahopinion ( get it?) has a really interesting article on chinas-industrial-policy-has-mostly-been-a-flop.
Noah has always been a Xi critic pointing out his many flaws and failures as leader that few wish to read about. I agree with him. Xi has suppressed all those things that gave China strong growth in previous times.
China's banks which were attempting to stop financing China's government enterprises and now back doing this again. The money and family connections from Taiwan that made the private sector rocket has fallen dramatically. The wolf warrior diplomacy has not only been a failure but also an embarrassment.
Enough of me. Read noah's article.
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