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CNN Fareed Zakaria GPS June 4, 2024 14:55:00

Sector, turned into a speculative and wasteful bubble. xi deserves some credit for popping that bubble by reigning in lending but slow to repair the damage. on infrastructure, he s sticking with the old playbook. this year china embarked on a $1.1 trillion infrastructure spree. another focus on xi s is to make china more self-sufficient. this state-directed industrial policy may well flop. but it has unthey have beened other countries, as has xi s more aggressive approach on the u.s. so the u.s. and others have blocked china from acquiring their companies and buying their technology, such as microchips. now china is losing access to foreign innovation, and that could reduce gdp by up to 8% in ....

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