The Undoing of China’s Economic Miracle - Capital Economics

Latest News

The Undoing of China’s Economic Miracle

11 January, 2021The Atlantic

Julian Evans-Pritchard, an economist at the research firm Capital Economics, dubbed the self-sufficiency drive a “lose-lose” for China’s economy, because it diverts resources from more productive purposes and forces firms to choose suppliers for political, not economic, reasons. “Pursuing self-sufficiency may still be rational as a form of insurance against aggressive decoupling by the U.S. and its allies,” he wrote. “But China’s economy would be better off if such insurance weren’t needed in the first place.”

Capital Economics has a team of over 60 internationally renowned and award-winning economists in the UK, Canada, the US, Australia and Singapore.

Please see here for a list of our economists, and contact our Press Office to arrange comments or interviews.