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Yuan depreciation and deflation have given China exports at renewed price edge, but this is no solution for China’s economic woes.
The latest Asian Development Bank outlook shows a diminished Chinese economic importance in Asia.
At the CCP’s annual Two Sessions meeting, the party leadership failed to offer much of an agenda, which suggests that Beijing simply has no idea what to do.
Experts say Beijing isn’t waiting on rolling out a new significant stimulus package; it doesn’t have the money or fiscal space to do so. In addition, China’s economy will enter economic stagnation for 10 to 20 years at a growth rate between 0 to 2 percent.
