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Beijing Shows a Hint of Desperation

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Beijing Shows a Hint of Desperation
Pedestrians cross a road in front of buildings in the central business district in Beijing, China, on Nov. 23, 2021. China's marked economic slowdown in the year's second half is testing the central bank's policy mettle and dividing economists over whether more aggressive action is needed to avoid a deeper downturn. Qilai Shen/Bloomberg via Getty Images
Milton Ezrati
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News Analysis

Beijing is beginning to look desperate. Months ago, it reduced its real growth target of 2022 to only 5.5 percent. Severe restrictions to deal with COVID-19 make even that reduced number look unattainable.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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