The Intelligence from The Economist When politics dictates policy: China’s faltering economy
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Sep 29, 2023 
Simon Cox, the China economics editor for The Economist, dives into the challenges facing China's economy, particularly the Evergrande crisis and the tight grip of internal politics on policy-making. He discusses how shifting government strategies under President Xi Jinping have dampened consumer confidence. Meanwhile, Anne Rowe, Obituaries editor, reflects on Colombian artist Fernando Botero, exploring his unique artistic style that poignantly captures marginalized communities and addresses themes of violence and suffering.
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Li Qiang's Weakness
- Premier Li Qiang is considered a weaker leader compared to his predecessors.
- He prioritizes implementing Xi Jinping's vision, and the focus on security over growth creates mixed signals for the economy.
China's Property Market Slump
- China's property market slump, caused by a campaign against speculation, needs recalibration.
- Reversing this politically charged campaign poses a challenge for the government.
Local Government Debt
- Local governments, traditionally responsible for stimulus, are now heavily indebted.
- Relying on them for further spending sprees isn't a viable solution for the central government.