China is totally off the front pages this week, what with the Ukraine madness in Washington and Brexit lunacy in London. There are China implications to both situations, but the story here is that nothing is allowed to happen except whatever they have planned for the big celebration on National Day. It looks like it’s going to be a big parade, amongst many other things.
Things that caught our attention during the week included the decision to embed party officials in 100 private companies in Hangzhou, the start of a new process of ramping up the close relationship between private companies and the state, and an announcement of a further 10,000 tons of pork being released from national reserves to make sure everyone is replete over the national day holiday. But the most interesting view we heard during the week was from a prominent economics professor who told a meeting that China will be doing well in 2019 if it has 6% GDP growth for the full year and well in 2020 if it has growth of 5% GDP growth for the full year. That would be a pretty steep fall, if he turns out to be right.
Enjoy the end of summer.