
The global public relations campaign is meant to build up empathy and support for China’s political system.
The global public relations campaign is meant to build up empathy and support for China’s political system.
The Chinese political system has seen an unprecedented level of centralization thanks to the COVID-19 outbreak and this will be the new normal.
Beijing released the major economic data for the first two months of 2020 this morning after the Federal Reserve cut rates to zero.
A global slowdown causes more troubles for Chinese exporters and forces Beijing to accept lower growth in 2020.
The PBOC seems more in line with the view that the COVID-19 is a supply-side shock and easing monetary policy can only help to a certain extent.