Facing a possible economic recession, the Chinese government relies on promoting private sector. Can that work? By Orçun Göktürk – Beijing / China In an effort to stimulate recovery in the Chinese economy post-COVID-19, a series of policies have been implemented, such as strongly promoting the development of the private economy, increasing foreign investment, reducing loan interest rates, boosting demand ...
By Michael Roberts * The major economies are moving closer to recession, if they are not already there; and yet inflation rates continue to rise (for now). The latest surveys of business activity, called Purchasing Managers Indexes (PMIs), show that both the Euro area and the US are now in contraction territory (i.e. any level below 50). The composite PMIs ...