Second Quarter 2023 Insights and Observations
Submitted by Corrigan Financial, Inc on August 2nd, 2023China’s economy seems to be following the “East Asian Development Model”, the same approach used by South Korea and Taiwan. The model emphasizes exports, investments in infrastructure, and heavy industry. In addition, economic and political control is centralized.
Such economies follow a cycle of strong initial growth, but growth eventually levels off amid political and financial distress. At some point, economies are forced to move to more market-oriented economic and political management.
