MACRO PICTURE
Consistency in Change: China's Enduring Approach with New Tech and Green Dimensions
By Klitos Philippides
29 May 2024
In this paper we discuss:
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Why China's "new" economic model is very similar to the old one;
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The new emphasys on "green" (e.g. solar panels) and "tech" (e.g. EVs, chips, etc);
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How China will continue to "damp" excessive capacity on global market, with a deflationary impact;
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The possible response by Western countries, which could be in terms of duties, tariffs and barriers to trade;
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How this reaction may prove do be inflationary in the end.
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