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China’s Economy is Trapped in a Doom Loop It Can’t Escape

Key Points and Summary - China's leadership, including Xi Jinping, is now openly admitting to a crisis of industrial "overcapacity," a problem they have termed "involution." -This counterproductive ...
Wall Street Journal

The Deflation Doom Loop Trapping China’s Economy

SHANGHAI—Hundreds of vendors at Shanghai’s largest clothing market were very busy. But they weren’t making sales. They were processing returns. At Qipu Road Wholesale Clothing Market, wholesalers send ...