China’s deeply entrenched countercyclical policy mindset is misaligned with its structural challenges: mounting deflationary risks, exacerbated by the lethal interplay between a rapidly aging population and serious productivity problems. Read More Here
China’s labor productivity — output per hour worked — is at 15 percent to 30 percent of the average for countries in the Organization for Economic Cooperation and Development. Raising that productivity is a big potential source of economic growth. But it’s also a potential source of layoffs and uncomfortable societal changes. Read Here – BloombergView
looking beyond borders 