Chuck a chop on the braai, China
As Beijing mulls an economic stimulus, investors want to know if communists know how to stoke a capitalist fire
31 October 2024 - 05:00
Is there a more capitalist concept in the world than economic stimulus? Surely not, yet China (run by the Chinese Communist Party) has used stimulus before and is doing so again. Communist in the streets, capitalist in the sheets?
The concept of communism is all relative. China may be willing to use economic stimulus, but there are many nuances that are well in line with communist thinking. These include a love of long-term planning and the goal of common prosperity...
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