China's road to pragmatism

clock • 8 min read

Most of the news coming out of China is gloomy, making it easy to feel pessimistic. I remain optimistic, however, because the main problems are poor, short-term policy choices by the government, rather than deeper, structural issues which are harder to correct, says Andy Rothman (pictured), Investment Strategist, Matthews Asia. Over the last three decades, Beijing has often made poor choices, but has usually changed to a more pragmatic path, and I expect that to happen again. COVID is a mess in China, but a political mess, rather than a public health crisis, so easier to fix. Lockdown...

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