China Overcapacity? Naiveté or Old Lady Wisdom -- China Watchers Part 3
Open Systems vs Closed Systems vs Dual Circulation
The recent visit by Janet Yellen to China sparks viewpoints on who really has the leverage and who is navigating the ship. This recent dialogue comes off the back of hallowed attempts to “right the ship,” for US-China relations. The insanity of the messages seems obvious for the the business leaders, naïve for the politicians/policy makers, and genius…