China's Third Plenum all about muddling through

July 22, 2024--Third Plenum announced reform measures that were either already underway or vexingly vague in detail at a crucial juncture for the economy
Four days of highly anticipated high-level Third Plenum meetings (from July 15 to 18) among Chinese Communist Party leaders ended with a perplexingly vague readout.

Indeed, the anticipated meeting's July 19 press conference failed to assuage China watchers' general impression of a non-event, even if some 300 reforms were touted by the official Chinese media, most of which were already underway.

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.