China’s K-shaped economy and its K-shaped Policy Regime
1/3 Yasheng Huang on China's K-shaped economy and the K-shaped focus of its policymakers: "China has a K-shaped economy — its upper micro-technology arm pointing up, toward technology, and its lower macro arm [almost everything else] pointing down." yashenghuang.substack.com/p/chinas-k-s... A world-class technology sector sitting on top of a weak economy — and a policy machinery to keep it that wa