China’s leaders face miserable economic-growth figures
Reality intruded at the “third plenum”, intended to discuss long-term reforms
The Jingxi Hotel in Beijing is known for its home-made yogurt—and for hosting some of the most important meetings in the history of the Chinese Communist Party. These gatherings include the “third plenum” of 1978, which confirmed Deng Xiaoping’s rise to power and the opening of China’s economy. From July 15th-18th, the country’s leaders met for another “third plenum” in this closely guarded venue. With luck, they savoured their yogurt. Because outside the hotel walls, the economy was again turning sour.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “Sour spot”
Finance & economics July 20th 2024
- Stocks are on an astonishing run. Yet threats lurk
- Why investors have fallen in love with small American firms
- At last, Wall Street has something to cheer
- Japan’s strength produces a weak yen
- China’s leaders face miserable economic-growth figures
- YIMBY cities show how to build homes and contain rents
- Americans are wrong to wish for an era of stable bipartisanship
From the July 20th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith
