Emperor Xi and his CCP cronies have discovered a new and exciting way of pretending that the Chinese economy is rebalancing to consumption: vouchers.
The first of the vouchers was an extra day for the LNY holiday to boost travel.
It worked!
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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