The new focus of Chinese policy — involution — is yet another attempt to micromanage the supply side, this time focusing on the deflationary consequences of “overly-aggressive, disruptive” competition. By failing to tackle chronic problems of underconsumption, this campaign could well be stymied.
open.substack.com
The Doublespeak of China's Anti-Involution Campaign
Another high-profile attempt to micromanage the supply side while ignoring the demand side