Expect China's GDP growth this year to be $1.1 trillion, about the same as 2011-2014, more than sufficient to keep wages rising at a satisfactory pace, and a stark contrast to America's and Europe's expected contractions.
It's hard to maintain the Western narrative in the face of such stark differences in performance, especially in light of 2 million Western Covid deaths.
Expect China's GDP growth this year to be $1.1 trillion, about the same as 2011-2014, more than sufficient to keep wages rising at a satisfactory pace, and a stark contrast to America's and Europe's expected contractions.
It's hard to maintain the Western narrative in the face of such stark differences in performance, especially in light of 2 million Western Covid deaths.