OpinionThinking About China

More Signs of Beijing’s Failures, Now Almost a Joke

Apple prepares to say goodbye to China, while Beijing’s effort to revive consumer spending looks entirely ineffective and takes on an almost comic quality.
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More Signs of Beijing’s Failures, Now Almost a Joke
Headquarters of the People's Bank of China, the central bank, is pictured in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images
Milton Ezrati
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Commentary

Two news items from Asia illustrate at once China’s economic problems and Beijing’s ineptitude in dealing with them.

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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