Why Capital Economics Is Bearish on China After Congress

The video discusses the diverse forecasts for China's economic future, ranging from bearish to bullish. It highlights the impact of the Party Congress, which has led to a more bearish outlook due to continued state involvement and lack of major reform shifts. The video also addresses misplaced optimism about China's policy direction, noting a shift away from Western-style reforms towards greater centralization. Overall, the emphasis has shifted, with less focus on market-driven policies, leading to a more cautious economic outlook.

What reasons are given for the debt buildup and structural problems facing China?

In what ways did the language used in the Congress shift regarding China's economic model?