An opinion from a #China expert. #RussiaUkraineWar

Having identified insufficient domestic consumption, a result of the imbalance in income distribution btwn the corporates & households, as the key challenge to China's economy, Xu Gao charts three scenarios based on potential policies

w/Yuxuan Jia
eastisread.com/p/part-ii-of-x…

Zichen Wang Yuxuan Jia Perhaps a more feasible proposal would be to transfer all SOE shares to the National Social Security Trust Fund. Or the CIC. Irrespective, key is that they pay more dividends. Currently, dividends to the budget are small (0.5percent of GDP). Higher dividends could replace the

我虽然不认同东升西降，但不分青红皂白否定中国取得的所有成绩，也是不公平的。就拿医疗为例，昨天陪一位朋友看病，看了两个科室，都是现场挂号，排队不到半小时就可以就诊了。…