Thinking About China
Opinion

Beijing’s Recent Policy Failures Add to a Series of Mistakes That Have Crippled China’s Economy

The effort to revive China’s economy in September has faltered. Despite Beijing’s promises, public confidence remains low due to previous missteps.
Beijing’s Recent Policy Failures Add to a Series of Mistakes That Have Crippled China’s Economy
Employees work on an electric vehicle (EV) production line at a factory in Jinhua, China's eastern Zhejiang Province, on Sept. 18, 2024. Adek Berry/AFP via Getty Images
Milton Ezrati
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Commentary

Beijing’s September effort to revive China’s sad economy has disappointed. The authorities have promised more, but after a litany of failures, there is clearly little confidence that whatever follows will do the job. It is not even clear that Beijing knows what to do next. The smart betting is that China’s economy will continue to struggle.

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."