China’s stock market is back. Everyone know.
China rolled out policies to help its stock market & economy. This makes sense.
What are the missing parts?
Some might say geopolitical tension is still an unsolved issue.
I won’t disagree. But I feel it’s not as extreme as before.
Some may say a deeper structural reform.
Fair; but in short term this might not change.
What I think is missing (and China can start to think in short term) is how China can better participate & even organize global affairs & how the world economy can grow better with a stronger China.
Historically, China didn’t excel on this. During times when its economy was leading the world, it didn’t take much care of the world. It could give stuff to nearby countries; it could invent and other can learn; however, it didn’t actively “organize the world”.
A strong economy that can’t lead is a loss to the world, I think.
How to lead? How to make other countries live better as China is a bigger part of global GDP? Not by giving free money but in a healthy, organic way.
That’s the question I haven’t seen much discussion.