China looks determined to quash — rather than live with — COVID-19. An overly muscular economic response, too, may do as much harm as good.
For Daniel Moss's latest contributions to The Japan Times, see below:
Prime Minister Suga will lift emergency pandemic restrictions that have hampered the country’s economy, but it will get progressively harder for the new leader from there.
China's V-shaped recovery is showing less vigor. Authorities have gone from worrying about too strong a resurgence to scrambling to put a floor under a new slowdown.
COVID-19 didn’t create the city's economic and social anxieties, but it brought them to the surface.
The shift by China's central bank is jarring because the nation spent months conveying the idea that it was comfortable trimming — not adding — support for the economy.
China's campaign to internationalize the yuan, which received backing from the International Monetary Fund in 2016, is going nowhere fast.
China is no longer easily caricatured as a place with a limitless supply of cheap labor churning out bargain-basement stuff for consumers and businesses around the world.
The revival is likely to be very impressive. On Tuesday, the International Monetary Fund raised its forecast for the world expansion to 6%.
The key distinctions all come down to trust. In countries that have earned it, officials statements are taken seriously, policies are believable and political systems relatively stable.
The next couple of months are going to be tough. The rosy prognosis for things to really get better has been shunted to the middle of the year.