China’s leaders are flailing as markets drop
The government is not used to being bullied
In recent weeks, China’s economic policymaking has been not just inadequate but a little skittish. On January 23rd draft rules on video games disappeared from the regulator’s website a month after their appearance, as if they had never existed. The regulations, which would have sprinkled games with pop-up warnings against “irrational consumption behaviour”, had triggered a steep sell-off in the shares of tech companies like Tencent.
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This article appeared in the Finance & economics section of the print edition under the headline “Game changing”
Finance & economics February 3rd 2024
- What four more years of Joe Biden would mean for America’s economy
- Bitcoin ETFs are off to a bad start. Will things improve?
- China’s leaders are flailing as markets drop
- Evergrande’s liquidation is a new low in China’s property crisis
- Your pay is still going up too fast
- Biden’s chances of re-election are better than they appear
From the February 3rd 2024 edition
Discover stories from this section and more in the list of contents
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
