The Chinese economy's failure to bounce back after COVID is rooted in 'long political COVID', not the disease itself; confidence has been sequentially undermined in three sectors—first government (2013-2018), then business (2019-2021), then households (2022)—through anti-corruption campaigns and regulatory crackdowns.
causalpending
Speaker
Yasheng HuangEvidence Quote
“what has happened in the last 10 years is sequentially each one of these three sectors confidence has been undermined one by one first government then business and the covid has done this massive undermining of the confidence in the household sector”
Source
Critical Issues Confronting China - Professor Yasheng Huang - November 29, 2023— Fairbank Center for Chinese Studies | Harvard UniversityCreated: 8/11/2026, 1:31:52 AM
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